As a general rule, no one customer should account for more than 20-25% of your revenue. While having large customers can be good for your bottom line, it introduces risk to the next owner. As you build your business, pay attention to what a future buyer will want. They’re looking… Read More »Advisor M&A Tip-The Discipline to Diversify
As you consider why you’re selling, consider your post-sale priorities. How soon do you want to be able to walk away? Would you consider remaining involved after a sale? Do you have pressing financial issues that require an immediate cash payout, versus potentially greater value recouped over time? Get clear… Read More »Advisor M&A Tip-Know Why You’re Selling
The short answer: it depends. For most Business Owners, the answer is almost always No, it’s a bad idea. This is even more true if your team is small in number and a very tight-knit group. There are a lot of ups and downs in selling a business…and it takes… Read More »Should Employees Be Informed I’m Selling?
Selling a business gets complicated fast. There are a lot of moving parts, and buyers will demand information that can be hard to pin down. To sell your company without running into major problems, it’s a good idea to have a professional working with you who has been through the… Read More »How a Trusted Advisor Can Help Sell Your Business
Beauty is in the eye of the beholder. And when it comes to selling your business, value is in the eye of the buyer. Lower-to-mid-size businesses typically go to market without a preset asking price. You will set an internal benchmark with your M&A advisors, but we won’t publish or… Read More »How Three Offers Came In With A $10M Swing
Has your business gotten to the point where it needs a large capital infusion to grow? But taking on personal guarantees for that amount of debt is more than you can stomach? We hear this all the time. For some business owners, this is the sign to exit their business.… Read More »Sell to Grow
Your business is your baby. You’ve conceived the idea, turned it into an enterprise, nurtured the fledging, and now you think it can fly on its own, under the guidance of a new owner. Like all proud parents, you may have trouble admitting that your creation is anything less than… Read More »Preparing for the Negatives
Going into Business: Buying In vs. Starting Up If you’ve got a passion for business and want to own a company, you’re on the right track for the adventure of a lifetime. There are several ways to get started, but they’re not always clear, and which is right depends on… Read More »Going into Business. Buying In vs Starting Up
“The time to repair the roof is when the sun is shining.” So said John F. Kennedy in his 1962 State of the Union address, trying to drum up support for his anti-recession policies. As I came across this quote, it got me thinking about today’s market and how we… Read More »Charter Company Acts Now To Avoid Storms
When selling your business, pay careful attention to your tax obligations, before you get to the negotiation stage. We advise sellers to work with an M&A tax adviser who can help you understand the tax implications of different deal structures. A specialized tax adviser will guide you through the implications… Read More »Maximize Your Profit