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If you grow a business after buying half of it, will you pay again for the value you created? Michael explains why he agreed on the eventual buyout terms at the start of his partnership, linking the price to inflation rather than the growth he planned to create. He and Erick discuss the importance of making the agreement workable for both the incoming owner and…
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If you grow a business after buying half of it, will you pay again for the value you created?
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Michael explains why he agreed on the eventual buyout terms at the start of his partnership, linking the price to inflation rather than the growth he planned to create. He and Erick discuss the importance of making the agreement workable for both the incoming owner and the departing partner. This is Michael's experience of one negotiated arrangement, with a practical lesson in thinking beyond the initial purchase.
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Dr Michael Filosi
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