Richard S. Ruback and Royce Yudkoff, professors at Harvard Business School, are experts on an overlooked entrepreneurial path: buying a business and running it as CEO.
Purchasing a small company ($500,000 to $2,500,000 in annual profits) lets you become your own boss and reap financial rewards without the risks of founding a start-up. Still, there are things you need to know.
In their new book, "HBR Guide to Buying a Small Business", Ruback and Yudkoff help you:
- Determine acquiring a small business is right for you;
- Raise capital for your acquisition;
- Find and evaluate the right prospects;
- Avoid the pitfalls that could derail your search;
- Understand why a "dull" business might be the best investment;
- Negotiate a potential deal with the seller;
- Avoid deals that fall through at the last minute.
While Ruback and Yudkoff focus on individuals acquiring small profitable businesses, small public companies can also greatly benefit form acquiring small profitable businesses.
To learn more about acquiring a small business listen to this recent HBR IdeaCast (podcast) or check out the full book HERE.
About Acquis Capital:
Acquis Capital is a private investment fund that specializes in acquisition and project finance. Acquis invests in small public and private companies to fund acquisitions or other projects that create immediate tangible value. For more information please contact us or follow us at @MicroMnA.
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