421 - Boards Govern, But You Must Lead!

The Business Acquisition Podcast with Bruce Whipple · Oct 11, 2026 · 1m

Boards Govern, But You Must Lead Your board brings experience, oversight, and accountability. You still have a responsibility to think, question, and lead. In this episode, I discuss a mentee who presented an acquisition opportunity with more than $2 million in revenue and a reported 50% EBITDA margin. It missed his board's requirement for 5% annual revenue growth. Was that enough to dismiss it, or did the opportunity deserve further investigation? I also share why another VIP member declined to appoint a chairman candidate who wanted to pursue large acquisitions before the mentee was ready…