Archive for the ‘Buy a Business’ Category
Monday, March 15th, 2010
I have never met a business owner who believed his business to be worth less than $5,000,000, even if they were generating $100,000 in annual turnover. It is an odd truism that I suspect reflects the eternal optimism and frontier spirit that embodies the American entrepreneur. “I started this company. I built it from the ground up. It is worth $5 million; at least.”
There is an entire niche industry […] Continue Reading…
Posted in Sell Your Business, Strategic Advisors, Selling a Small Business, Professional Advice, Exit Stories, Emotional Selling, Exit and Answers, Buy a Business | No Comments »
Friday, March 5th, 2010
As we closed down 2009 and reflect on the year’s successes and failures, I look towards 2010 with some minimal optimism. That’s not saying that I had a great year, on the contrary, but more as an acknowledgement that I’m a typical optimistic entrepreneur. This was a tough year for everyone, maybe not so much for the big banks who received billions of bail out money, but definitely for […] Continue Reading…
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Wednesday, December 23rd, 2009
Simply put, earn outs are when a seller receives additional compensation from the buyer only if pre-determined bench marks are hit in the future by the new owner. The intent of the buyer is not to hand over all the cash up front at the date of purchase, but for an installment type sale based upon the future successes of the company.The risks, or actually reality more often than not, is that the new […] Continue Reading…
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Tuesday, December 15th, 2009
We have a few more weeks left before not only this year is over, but a complete decade. Wow, think about that for a moment. From the great start of 2000, when we were coming out of the late 90’s low, until the tough end of 2009, it has been a classic example of a typical business cycle.
What a wild ride it has been. Any business that has […] Continue Reading…
Posted in Strategic Advisors, Selling a Small Business, Sell Your Business, Exit Stories, Exit and Answers, Buy a Business | No Comments »
Tuesday, December 8th, 2009
As we close down on 2009 and reflect on the year’s successes and failures, I look towards 2010 with some minimal optimism. That’s not saying that I had a great year, on the contrary, but more as an acknowledgement that I’m a typical optimistic entrepreneur. This was a tough year for everyone, maybe not so much for the big banks who received billions of bail out money, but definitely […] Continue Reading…
Posted in Sell Your Business, Selling a Small Business, Exit Stories, Exit and Answers, Emotional Selling, Buy a Business | No Comments »
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