Hindsight

M&A transactions are far outside the scope of normal business activities and can be disruptive, requiring hundreds of hours of preparation. Since the normal state of most companies is already busy, M&A asks for time and attention many owners don't have or are reluctant to give. 4. Owners are fiercely protective of confidential business information. [...]owners are cautious and keep their thoughts private, even from trusted advisers like their attorney and/or CPA. ¦ Loyalty to nonspecialists. [...]knowledgeable advisers are not given the opportunity to provide meaningful guidance. 5.