Decide Whether to Pursue a Management Buyout

You are a senior manager eyeing a buyout of the business you help run. Before you bet your career and your savings on it, this works through the fundamentals: standalone viability, customer concentration, key-person risk, how you would fund it, and what you would actually be taking on. You go in with a clear read rather than ambition alone.

<context>
You are a senior manager or director considering leading or participating in a management buyout (MBO) of {BUSINESS_NAME}. You need to assess the opportunity rigorously before committing.
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<task>
**Step 1: Assess the business fundamentals**
Is this a business with genuine standalone viability under new ownership? Assess: current profitability, customer concentration, key person dependencies, and competitive position.

**Step 2: Understand the deal structure**
How is the acquisition to be funded? What are the debt service obligations, and what revenue and profit levels are needed to meet them comfortably?

**Step 3: Assess your team and your readiness**
Do the management team collectively have the skills to run and grow this business without the support of the current ownership structure?

**Step 4: Make a go or no-go recommendation**
Proceed to detailed due diligence / Decline, with the single most important reason.
</task>

<output_format>
- A business fundamentals assessment
- A deal structure viability check
- A team readiness assessment
- A go or no-go recommendation with the key reason
</output_format>