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Top M&A Entrepreneurs
Welcome to Top M&A Entrepreneurs – your go-to resource for inspiration, insight, and actionable advice on business buying. Each episode features engaging conversations with business buyers who share their “why” and industry service providers who break down the “how.” Learn from the pros and take your next step toward a successful acquisition with confidence.
Top M&A Entrepreneurs
What I learned from buying a failing business - Duke Heninger
🚀 Get My Free Book! 📖 How to Buy Your First Million Dollar Business
Summary
Duke Heninger's journey from CFO to acquisition entrepreneur is a tale of resilience, adaptation, and learning. Taking on a failing restoration company, Duke faced the steep challenges of an industry built on trust and relationships, grappling with cash flow issues and operational hurdles.
An unexpected large job opportunity provided a lifeline, allowing him to stabilize the business temporarily. However, the relentless challenges of sales, finances, and the impacts of COVID-19 led
Duke to a critical decision: selling the company.
This journey, filled with regret, trials, taught him invaluable lessons on due diligence, cash forecasting, and the essence of building genuine relationships.
Now a fractional CFO, Duke's experiences have equipped him to guide other entrepreneurs through their financial challenges with empathy and effectiveness. #Entrepreneurship #Resilience #BusinessGrowth #Leadership