On Thursday, February 4th, 2021, Olivia Limon Account Servicing Specialist at Canyon State was our guest on the Delta Business Bite webinar. This Snippet focuses on the services provided by an account servicing company. Learn more about Canyon State Servicing Co., LLC. here: https://canyonstateservicing.com/ Address: 3333 E. Camelback Road,… Read More »What is an account servicing company?
According to the Market Pulse Q1-4 surveys, 60% of Business owners who sold their business for $5MM to $50MM in 2020 sold due to retirement while less than 7% did so due to health, family, or burnout reasons. Only 5% had an unsolicited offer. Source: IBBA & M&A Source… Read More »Reasons Sellers of Businesses Sold for $5MM-$50MM in 2020 Decided to Sell their Business
“And if the end result is that someone, somewhere winds up believing they can do something out of the ordinary, well, then you’ve really made it.” ― Angela Ahrendts Angela Jean Ahrendts, DBE is an American businesswoman who was previously the senior vice president of retail at Apple Inc. She… Read More »Monday Mojo – Angela Ahrendts
According to the Market Pulse Q1-4 surveys, just less than 2/3 of Business owners who sold their business for $2MM to $5MM in 2020 sold due to retirement while approximately1 in 5 did so due to health, family, or burnout reasons. About 10% had a new or better opportunity. Source:… Read More »Reasons Sellers of Businesses Sold for $2MM-$5MM in 2020 Decided to Sell their Business
Most retiring business owners expect that their financial needs will be met when they sell their companies. Unfortunately, that is not always the case. Business owners should have a business valuation performed by an independent professional and then create an “Exit Plan” to close the value gap if one exists.… Read More »Tip #28 Without a plan, business owners could end up with a “Value Gap”!
$1.9 trillion package cleared its final hurdle in Congress on Wednesday despite no Republicans voting in favor of it. The plan contains a range of measures such as a further direct round of payments to most Americans, amounting to more than $400 billion. Checks of $1,400 will be sent to… Read More »Breakdown of The $1.9 Trillion Package
According to the Market Pulse Q1-4 surveys, slightly more than 2/3 of Business owners who sold their business for $1MM to $2MM in 2020 sold due to retirement while approximately 12% did so due to health, family, or burnout reasons. Less than 8% had a new or better opportunity. Source:… Read More »Reasons Sellers of Businesses Sold for $1MM-$2MM in 2020 Decided to Sell their Business
March 10th 2021 Update to the SBA Payment Relief Program that became effective on 2/19/2021. The SBA determined that they will not have sufficient funding to make all the payments outlined in the December 2020 Cares Act. Below are the following changes: • New SBA 7(a) and 504 loans approved… Read More »SBA CARES Act 2 Update!
According to the Market Pulse Q1-4 surveys, more than half of Business owners who sold their business for $500K-$1MM in 2020 sold due to retirement while another 21% did so due to health, family, or burnout reasons. Only 10% had a new or better opportunity. Source: IBBA & M&A Source… Read More »Reasons Sellers of Businesses Sold for $500K-$1MM in 2020 Decided to Sell their Business
A contractual provision stating that the seller of a business is to obtain additional future consideration based on the business achieving certain future business goals. An earn-out is a mutually beneficial tool to getting a deal done if it is structured appropriately. Is maximizes the selling price for the seller… earn-out/" rel="bookmark">Read More »Delta Tuesday Term – Earn-out