Rule 4: PRIVATE COMPANIES

Wholly owned businesses have rigid loyalty structures which make them harder to acquire. If they don’t want to sell there’s nothing much you can do about it. If they do sell or are forced to give up their business the management void they leave behind makes it easier for you to administer.

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Partnerships, on the other hand, have many allegiances within the organisation making them easier to acquire but much harder to administer. There’ll always be loyalties directed to one partner or another.