The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Bishop: Seven-Figure Lifestyle Businesses Often Have Zero Exit Value
“And we see a lot of owners come to us trying to sell a lifestyle business. And a lot of them are making a lot of money, some in the seven figures, but it's not transferable.”
Bishop: Poor Accounting Is the Top Reason Businesses Fail to Sell
“The first thing we see that is going to make the company unsellable or take a really long time is they have terrible accounting.”
Bishop's Client Left $4M on the Table to Keep Working Post-Acquisition
“I sold a company about three months ago we brought that owner. It was a very large construction company and we brought them four offers and they chose a lower priced offer because they actually wanted to continue to work in the business and they liked the buye…”
Bishop: The Median Age of an Acquired Company is 15-25 Years
“In the range of 12 to 25 years, but we do see some second generation businesses.
So well, the construction company I sold, I should say that was an 80 year old company.
we're selling a second generation company on the east coast right now.
and that's, I beli…”