In this episode, we kick off The Acquisition Chronicles series the question is answered: What really happens when a business fails? The conversation reveals the hard truths and realities of small business ownership—especially when things don’t go as planned.

We discuss:

✅ The impact of personal guarantees (PGs) and what they mean for your assets.

✅ What happens when you default on an SBA loan.

✅ Bankruptcy: why it’s not the end of the world but still life-changing.

✅ The critical role of cash flow and how it can make or break a business.

✅ Why small businesses get over-leveraged and how to avoid the common pitfalls.

If you’re considering buying a business, taking on debt, or just want to know how to protect yourself, this episode is a must-listen.

Learn from real experiences, real failures, and actionable strategies to navigate these challenges.

Whether you’re a buyer, seller, or just curious about small business acquisitions /Entrepreneurship Through Acquisition (ETA), this series offers valuable insights to help you navigate the journey with confidence.

• Tune in every Tuesday for more real stories and hard lessons from the trenches of small business acquisitions.

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Follow Monique Mills

LinkedIn: https://www.linkedin.com/in/moniquemills/

Bio Website: https://moniquemills.biz/

TPM Focus - Strategy Firm for Startups and SMBs: https://tpmfocus.com/

Guest Co-Hosts:

Follow Kinza Azmat

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Follow Jed Morris

Company --> Sunset Coast Partners

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Become an Unpolished MBA Guest: https://unpolishedmba.com