Every Quarter Biz Buy Sell releases stats on the state of small business sales in the US. Overall it is pretty good data but in reading this quarters reports some things jumped out. First and foremost the report is on this link: http://ow.ly/PEutp In short things as they stand today are good. Volume is up, […]
Selling A Business, Selling Your Company
The Emporer’s New Clothes
The dirty little secret of business brokerage is that less than 25% of all the businesses that go to market ever sell. Behind closed doors if you talk to deal makers it generally comes down to 2 things: Unrealistic Sellers and Poor Records. In our world to day we don’t tell fairy tales too much […]
Exit Planning with Willie Wonka
One of my favorite films of all time is Willie Wonka and the Chocolate Factory….the good one…not the Johnny Depp version. The last scene is one I think prudent for entrepreneurs. In it Wonka designates Charlie to take over the factory as Wonka knows he will not run it forever and wishes to continue it […]
Advisors…..how they can kill a deal
One of the most misunderstood variables in business sales is buyer and seller control of Advisors and just as important the selection of the advisor. In Main Street Transactions we always recommend you get CPA, Business Brokers, and Attorneys involved. But what must be understood is that YOU…..THE BUYER OR THE SELLER….are in charge of […]
Baby Boomer Exit Part 2
Yes there is an exodus of boomers…yes it will occur at some point in the next 2 years. At a local level it is validated by internal data where brokers (both Transworld and Competitors) are speaking with sellers in the baby boomer bracket. But, and yes there is a but….they are not the substantial sellers […]