Part 5/9:
She relates this phenomenon to a past where entrepreneurship was a common part of American life, with 80% of citizens owning their businesses. Sanchez notes that this figure has dwindled to around 6%, showcasing a significant shift in the landscape of business ownership in the U.S. This lack of ownership is partly driven by a culture fixated on high-risk start-ups instead of nurturing smaller, established businesses.
Signs of an Ideal Acquisition
When it comes to spotting good acquisition targets, Sanchez offers practical insights:
- Profitable Operations: Focus on businesses that are currently making profits instead of those that are losing money, as fixing failing businesses is often more challenging than anticipated.