When you buy a company that's been on its butt you raise a lot of money, you instantly put new management in place, but that's the end of the glory for three to five years, grinding it out one day after the other.
This quote highlights the reality of turnaround strategies in business acquisitions. It suggests that purchasing struggling companies can offer immediate financial opportunities, especially with significant funding and fresh leadership. However, the process of revitalizing such companies is arduous and requires patience, often taking years of persistent effort before any notable success or renewed glory is achieved. It underscores the importance of resilience and long-term commitment in business transformations, reminding investors and entrepreneurs alike that quick wins are rare and sustained dedication is essential for meaningful turnaround.
