Rick Smith wrote:
actually, I've been told the opposite. Buyers of your company want
as close to zero liability as possible. Especially when they will probably
come in and replace your gear with theirs. If the two seem to match,
you only win bigger...
Loans / Leases / Credit Lines are BAD in the eyes of a potential
buyer. And, who ISN'T building to sell right now ? The ones building
to own / operate are going to get run out in the next 3 yrs.
We're building to sell. Major network - owning all pieces. Banks have
allowed us up to 50% face value of the equipment to borrow against for
18 months on a relatively higher rate of interest (9 or >), but collateral
nonetheless...
Rick, you've been around the block, your a smart guy, don't think there
is a whole lot your missing.
The only advice I would give you, is if you do another partnership,
clearly define your partners exit in agreeable terms before you enter
into an agreement. Like you will be the owner and he will be leaving and
here is what he is getting and how he is going to get it.
Also watch that you don't make the next guy the major "stakeholder" if
he decides to drag you into bankruptcy.
George
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