On buying, operating, and selling software businesses.
Due Diligence
Whenever an online broker lists a business for sale, the prospectus will include the ongoing costs for the online business acquisition. These costs are what the current seller and broker believe the new owner will incur moving forward.
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Due Diligence
In 2016, I purchased an E-commerce business that sold plugins for the Magento storefront platform. As a result, a lot of my capital was tied up in a low-margin, resource intense, and challenging business.
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Due Diligence
We've all heard the Donald Rumsfeld quote about the "Unknown Unknowns" by now. It's easy to laugh at until you find yourself faced with a situation where an unknown unknown from a business you bought, or a project you inherited, creeps up and surprises you.
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