Joe Crews, who recently acquired a cleaning business in Florida, shares his experience about his pre-purchase expectations and the reality of running a small business. He learned that doing due diligence and understanding the business and its numbers as much as possible is crucial, as there will always be knowledge gaps. However, the more effort put into understanding the business, the better prepared one will be when unexpected challenges arise. Joe also emphasizes that the skills and experience gained from managing a large business or working in corporate America do not necessarily translate perfectly to running a small business, as it requires a different approach and a unique set of skills.
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