new idea

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Posted by JT-IN on July 18, 2008 at 16:44:51:

In Reply to: In this tough market - is this a new idea posted by StevenS(CPA) on July 18, 2008 at 11:11:19:

Steve:

That is a great idea... Not sure where you would start, possibly all the way back at the point of explaining the power of cash flow and to use it effectively. Time value of money, etc... We assume that folks in this business get-it, but many really don't.

I have owned a dozen or so businesses and have done well with spotting some under value or under managed businesses and dropping sales to the bottom line with elementary changes... Many biz owners really do not have the discipline to be in biz for themselves... they have part of the circle but not the whole circle.

The problem with businesses today is the employee market. How in the world do you find dependable employees that you can count on... I would be interested in hearing you feedback on this aspect of how you deal with business acquisitions.

Let's face it, the wealthiest cat in the land does exactly this... of course he is buying hige cashflows and usually keeping the same management in place, no doubt with enhanced tools and the Buffet philosophy.

I would be interested in hearing what type of businesses you have bought and the experiences you have had in turn around or enhancement... Interesting.
Thanks for the post. Looking forward to more on this.

JT-IN

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