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 […]
#business #businessbroker #sell your business
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 […]
The realities of small business ….on the streets of New England
So this last weekend I took a trip up to Rhode Island and Mass to see some Hockey (GO FRIARS!!) The nostalgia of returning to ones alma mater and the place of ones youth is always fun. That being said my mind never turns off as my my wife and I and our children went […]
Lister or Seller…what kind of business broker do you choose?
Confucius said “Everything has beauty but not everyone sees it.” This applies to business as well as art, and the other disciplines. So when I read that quote I thought of the beauty in my own profession and how and why I appreciate certain aspects of high performing professionals. IF any of you have seen […]
Rules of Thumb are for the birds
In the world of small business sales and mergers and acquisitions every buyer thinks every business is overpriced and every seller thinks its worth more than what you tell them. Over the years “industry experts” of which I am apparently one, bandy about “rules of thumb”. In other words….business X sells at 2 x cash […]