A quick guide for the potential sale or succession of your business. Every day business owners are making the decision to exit their businesses. This is usually the event that has the greatest financial impact in their lifetime (although most of us swear it is having children). Unfortunately, many owners […]
Read MoreIt’s the summer of 2021 here in Florida, and COVID-19 is hopefully on a permanent wane. “Live” meetings are replacing virtual ones. Companies are actively hiring. It seems that a sustainable reopening is finally upon us. In essence, “2021” is somewhat a euphemism for the beginning of a post-COVID business […]
Read MoreThere is a sense of pride and accomplishment that comes with growing a business from the ground up with the entire organization’s team effort. Through organic business growth, a company can use its existing resources to expand its business to create tangible financial results. The biggest potential negative aspect of […]
Read MoreEvery day business owners are making the decision to exit their businesses. This is usually the event that has the greatest financial impact in their lifetimes (although most of us swear it is having children). Unfortunately, many owners don’t plan for this event and leave themselves in a position to […]
Read MoreWhat do owners typically think their business is worth? Most privately held business owner’s view their business value as a multiple of cash flow, EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) or multiple of Benefit to Owner. Business owners typically hear multiples in the range of 3 to 7 […]
Read MoreMost business people think a Chapter 11 bankruptcy filing is just for large corporations in financial distress. Bankruptcy is often viewed as only for dead or dying companies. The truth is anything but that – Chapter 11 bankruptcy is about reviving companies and maintaining jobs. Small and mid-size businesses have […]
Read More