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#80 Successful Business Acquisitions - Business Bytes
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In this week’s Business Bytes, host Garry Kelly chats with business founder Richard Parker, about the favourable conditions for buying businesses amidst economic challenges. Richard discusses how rising interest rates, pandemic aftermath, and potential recession create a "beautiful upheaval" for buyers. Despite high inflation, Richard advises against waiting for perfect conditions, advocating for seizing current opportunities. He explains the benefits of seller financing and stresses the importance of knowledge for successful acquisitions, contrasting informed buyers' success with uninformed ones' high failure rates. He has written and been featured in more than 300 articles on the subject of buying businesses in The New York Times, Entrepreneur Magazine, The Street.com. He is also a weekly contributor to Forbes Magazine. For more information, please visit his website www.RichardParker.com
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