1 Should Tom Pastorius buy Penn Brewery Explain 2 Tom Pastorius says, Im not a good employee What does he mean Do you think the same is true of most entrepreneurs 3 What challenges does selling the businesses they create pose for entrepreneurs 4 If Pastorius decides to buy the brewery, what steps should he take before closing the deal Tom Pastorius and his wife Mary Beth started Penn Brewery, an authentic German microbrewery in Pittsburgh, Pennsylvania, in 1986 They built the brewery into a successful business, producing more than 15,000 barrels a year and generating annual sales of $3 5 million Along the way, their microbrewery won 14 medals at the Great American Beer Festival and built a base of devoted customers for its brands, which included Penn Pilsner, Penn Oktoberfest, and others They also added a German themed restaurant that Mary Beth managed In 2003, Tom and Mary Beth, both approaching 60, decided to cash out and sold the brewery to Birchmere Capital, a local private equity firm Tom retained 20 percent ownership and agreed to stay on as president of the company for 5 years He had lived up to his contract but was miserable working for the new owners, who made many significant changes to the companys strategy I am not a good employee, says Tom Im a solo act

Question

1  Should Tom Pastorius buy Penn Brewery  Explain  2  Tom Pastorius says, Im not a good employee  What does he mean  Do you think the same is true of most entrepreneurs  3  What challenges does selling the businesses they create pose for entrepreneurs  4  If Pastorius decides to buy the brewery, what steps should he take before closing the deal  Tom Pastorius and his wife Mary Beth started Penn Brewery, an authentic German microbrewery in Pittsburgh, Pennsylvania, in 1986  They built the brewery into a successful business, producing more than 15,000 barrels a year and generating annual sales of $3 5 million  Along the way, their microbrewery won 14 medals at the Great American Beer Festival and built a base of devoted customers for its brands, which included Penn Pilsner, Penn Oktoberfest, and others  They also added a German themed restaurant that Mary Beth managed  In 2003, Tom and Mary Beth, both approaching 60, decided to cash out and sold the brewery to Birchmere Capital, a local private equity firm  Tom retained 20 percent ownership and agreed to stay on as president of the company for 5 years  He had lived up to his contract but was miserable working for the new owners, who made many significant changes to the companys strategy  I am not a good employee, says Tom  Im a solo act

SolutionInn · Accepted Answer

1 Pastorius is knowledgeable about the business and sees the potential he has new limitations to consider such as debt and his stage in life His emotional connection with the business and the brand ma...

Question: 1. Should Tom Pastorius buy Penn Brewery? Explain. 2. Tom Pastorius says, Im not a good employee. What does he mean? Do you think the

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