Managing a business on a day-to-day basis is not the same as selling a business. It takes different expertise and knowledge of the marketplace. The business owner must have the books in order, identify true profitability of the business, understand tax implications, have key employees in place, prepare facilities to… Read More »Tip #073 Selling a business takes a team of professional advisors.
The IBBA/MAS 2024 Market Pulse Q3 Report confirms a key insight: average valuation multiples increase with company size and enterprise value. Over the past 5 years, lower Main Street market multiples have remained relatively stable. However, scaling up can unlock higher multiples and significantly boost your business’s final valuation. Are… Read More »Size Matters When Selling Your Business!
A big thank you to Arizona Escrow & Financial Corporation for hosting their annual holiday open house! The event was a delight, featuring incredible music, delectable bites from Benedicts Catering, and a delicious apple-inspired signature beverage. It was a wonderful way to celebrate the season!
I had the honor of hearing Commander Kirk Lippold, USN (Ret.) share his extraordinary story and invaluable leadership wisdom. As the Commanding Officer of the USS Cole during the tragic attack on October 12, 2000, he and his remarkable crew demonstrated unparalleled courage, saving the warship from sinking. Commander Lippold’s… Read More »Commander Kirk Lippold ‘Pillars of Leadership’
OMG…what an amazing time at Elontec’s Showroom Refresh Party last night! Ginger & Joe Clayton are absolutely rocking it! From the incredible vibes set by Urban Electra to the meaningful support raised for the Arizona Diaper Bank, the evening was a perfect blend of fun and philanthropy. Highlights? The 360… Read More »Elontec’s Showroom Refresh Party
What’s Driving Business Owners to Sell? According to the IBBA/MAS 2024 Market Pulse Q3 Report, retirement is the #1 reason business owners successfully sell their businesses. However, motivations shift depending on business size: Burnout drove 20% of owners to sell businesses valued under $500,000.Recapitalization motivated 20% of owners in the… Read More »Reason Sold in Q3 2024
I’m incredibly honored to have been part of the 4th Desert Foothills Leadership Academy! This program exceeded all expectations, providing immense personal, professional, and leadership growth. Thank you to Jim Sherbert, Jennifer Rosvall, and the entire advisory board for your dedication and exceptional execution of this impactful program. Here’s to… Read More »Desert Foothills Leadership Academy
There are many reasons that purchasers of businesses are turned down for acquisition loans. Oftentimes the price of the business is too high and the cash flow of the business can’t support servicing the debt. Sometimes the assets to be used for collateral are inadequate. But the banks and the… Read More »Tip #072 Will the company qualify for a business acquisition loan?
A big thank you to Arizona Escrow for the invitation and sponsorship at The Succession Table last night! It was a fantastic event, and I’m grateful to be part of such an insightful evening.
I had an incredible time at last night’s Women’s Fall Frolic in the courtyard! Bridge and Sydney Shields welcomed us with such warmth and helped make the evening special. Huge thank you to Beth Jo Zeitzer and the team at ROI Properties for putting together a fantastic event! #FallFrolic #Networking… Read More »ROI Properties Event