I was approached yesterday by someone who said he was looking for a M&A brokerage to handle a big deal. I asked, why are you not considering me? His comment back was that “all i did was main street and he didn’t feel I had the resources.” WOW what a eye opening experience. But then […]
Business Management Tips
Price vs Value in buying a business
PRICE: The amount of dollars or consideration a buyer agrees to pay and a seller agrees to accept under specific circumstances surrounding a transaction. VALUE: The worth of something There is is….two simple definitions that drive the question of every #business sale in Orlando and anywhere else. Add to that mix conundrum the many #advisors […]
The importance of managing your team in a business sale or business purchase
Ask any seasoned broker who does deals in volume “What causes deals to die?” and they will tell you over and over again advisors. Advisors take on all shapes and sizes. They include: attorneys, accountants, wives, husbands, brothers, bartenders, banks, friends, anonymous folks on chat boards and a whole litany of characters. When conducting a […]
Experts…buying a business
There was a stat the other day showing that less than 20% of the deals consummated on the show “Shark Tank” ever get finalized. That statistic is consistent with the business brokerage stats as well. Less than 20% of the deals that go to Market ever sell and less than 50% of deals that are […]
Fair and Equitable Fees #saveyouabunchofmoney #e2visaracket
What a interesting day. Today a customer from Europe came to my office. It was not a bizarre meeting until we got to discussing the E2 Immigration process, my role, the role of accountants and their visa attorney. This is where it got a bit odd. I generally make a practice of not commenting on […]