Of course, his response was “No, that’s included in the price of the rental car or the price of my plane ticket.” “When you rent a car, don’t you expect the car to be full of gas when you drive out of the rental car location?ĭo you think the airline we are flying today should sell us a ticket, then, when we board, collect more money for jet fuel?” His response was, “I should be getting paid for my business and I should get to keep all my working capital.” M&A from the plane…don’t you expect the plane to be full of fuel?ĭuring a recent flight, I had a conversation with someone who was selling their company and was incredulous that he had to leave behind working capital as part of the transaction.
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