Selling/Buying Businesses: Watch Out for These Jokers!

I wrote this in the spring of '08 for the Fordyce Letter. It felt good to get some of this stuff off my chest. ;)
There’d be clues as to their motivational misalignments. One would be that they would want to come into my office “at night” (after-work) or on weekends (off-work). I went along with these silly game plans early in my career but as the years wore on I learned that these “Lookie-Lous” were part-time aficionados looking for interesting cocktail party conversation. I imagined them sloshing back scotch-and-waters and blabbering on to their buddy how they’d just “looked at a manufacturing company grossing $25 million” and the wide-eyed impressed gaze of their companion back upon their puffed-out chests. “Banty roosters” I came to derisively refer to them and immediately dismissed their overtures as undedicated.
Read the original article here.

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