As a business broker, I am often asked this question and I think it’s the wrong question to ask. Small business buyers should start with questions like what are the qualities that one wants in a business. Also, take into account that when you ask someone this question it is going to reflect their worldview […]
Selling A Business, Selling Your Company
Buying A Vacation Rental Management Company Here In Florida
So having sold probably 75 of these things I thought I would compile some information for you buyers out there: The following video gives you a brief overview of the industry here and the following stats are drawn from the Business Brokerage Press Guide. Rules of Thumb: 40 to 45% of annual sales plus inventory […]
The Four Mistakes Sellers Make When Selling Their Business
TOP FOUR MISTAKES BUSINESS OWNERS MAKE WHEN TRANSITIONING A BUSINESS At some point, nearly every business owner faces a business transition. The 3 D’s are inevitable: Death, Divorce, Divestiture. As the business often represents the single largest asset on many owners’ personal balance sheets, its value can represent a lifetime of focus, energy, and work. […]
Beyond EBITDA – Five Factors Affecting How Private Equity Looks At Your Company
BEYOND EBITDA – 5 OTHER FACTORS THAT AFFECT HOW PRIVATE EQUITY BUYERS VALUE YOUR COMPANY Prospect Partners is one of the largest and most active private equity buyer focused on acquiring companies with revenues of >$10M but <$75M. A couple of years ago they released an article with this same title, and I thought it […]
Family Business and Protecting Your Family Wealth
SYNOPSIS: “EVERY FAMILY’S BUSINESS” 12 COMMON SENSE QUESTIONS TO PROTECT YOUR WEALTH “Every Family’s Business”, Written by Thomas William Deans, Ph. D. is on the New York Times: 10 Books Business Owners Should Read Preface “Only one third of all family businesses make it to the second generation. Only 10% of that one third make […]