My Worst Mistake

By John L. Rice Sr. August 31, 2011

John L. Rice Sr."I’ve owned and sold businesses in Manatee County for 40 years. My worst mistake was selling a business—while holding the financing—without [performing] enough due diligence on the buyer’s competency level or financial responsibility. They folded and just didn't pay us. There is no making that money back."

John L. Rice Sr., owner, Rice’s Appliances & T.V.

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