Economic War Insights
Brent discusses the challenges facing durable family businesses amid unprecedented economic turmoil, likening the situation to a war fought in everyone's backyard. He emphasizes the unpredictability of recovery and the critical need for capital, revealing that many business owners are grappling with tough decisions as they navigate this new landscape. The conversation highlights a shift in perception about risk, suggesting that true vulnerabilities often lie hidden until it's too late.In this clip
From this podcast
My First Million
Private Equity Business | My First Million Podcast | 03/31/2020
Related Questions
Is the current surge in business buying and the 'silver tsunami' a bubble now that SBA lending is shut down and small business deals are temporarily on hold? SBA lending is essentially the government printing money and introducing it into the economy while collecting interest over a 10-25 year term, often at a variable rate tied to prime. Many of these boomer businesses were bootstrapped, so the sale represents a significant step up in basis. Is there something to this? Or is it a big step up but not a bubble?
What do experts say about starting a business now during uncertain economic times?
Is the current market like the dot-com crash?