lhh
Joined 14 years ago
Joined 14 years ago
Source: Peter Attia
The altitude impact was no joke, but for whatever reason it affected all of us to different degrees. I just felt a little more winded than usual, had to take my time a bit but was overall fine, whereas one of the group had a rough go of it, needed frequent breaks and vomited a couple times. The other two were somewhere in between.
So I'm sure being fit helps, but it seems there's more to it than that.
And you can tailor it based on the specifics.
Working with an advisor can sometimes make this easier because they can be more direct and say things like: “Competitor X has made an offer and I know it’d make your life difficult if this asset ended up in their hands, so I wanted to give you an opportunity to take a look first.”
By the way, waiting until you get an offer to start trying to bring in competing ones isn’t great, definitely better to do that as early as you can if you’re serious about selling. You risk pissing off the interested party if you’re making them feel like they’re just being used as leverage and drag things out before giving them an answer.
If anyone is interested in how things tend to work if you're trying to proactively sell a company (especially a profitable one), I put together a write up a while back: https://www.fivecastfinancial.com/guides/how-selling-a-compa...
(I used to be an M&A advisor - no longer!)