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As a result, the deal structure restrictions SBA-backed loans require, end up putting more risk on the buyer by forcing them practically to acquire the business in full on day one. This means that asking the seller to put their money where their mouth is with a seller note or earnout is not a reasonable expectation, and the buyer is entering a secured commitment with the bank. There is some silver lining to this, however: it simplifies the deal, makes the ongoing relationship with the seller clear-cut, and gives the acquisition entrepreneur full ownership at closing.
Buy Then Build
Walker Deibel
Perhaps the greatest maturity is our ability to conceive the whole universe as our container, our body as a microcosm of that universe, with no boundaries. That is more or less enlightenment. But most of us will need more finite containers for a while, even if we are beginning to learn to make do with intangible ones in a pinch. Indeed, as long as we are in bodies, enlightened or not, we need some bit of tangible safety, or at least a sense of sameness.
The Highly Sensitive Person
Elaine N. Aron Phd
As someone once in the public eye and now on the periphery of politics, I am sensitive to judging Teddy Roosevelt’s “man in the arena” too harshly. It is easier to find fault than to empathize. But as our politics drift ever closer to demagoguery and digitally enabled mob rule, I watch self-proclaimed leaders of character debase themselves in the mistaken hope that political success includes redemption. It will not.
On Character
Stanley McChrystal
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