1.) What was the most important lesson the Kurtzman Carson Consultants (KCC) founders learned from their first two attempts at selling KCC, and how might that lesson affect their current selling process?

2.) Do you agree with KCC's aversion to forming a board of directors? Why?

3.) What should KCC do now: accept the current offer, reject the current offer, or try to push back on a particular term with a bias toward accepting the offer? Why? What are risks of each strategy?

**Please keep responses as simple as possible**