Avoid Unwanted Surprises During Due Diligence Buyer of Businesses often uncover unwanted surprises during due diligence — resulting in downward purchase price negotiations, lower valuation multiples, lenders getting scared off, or the deal falling through. In today’s economic climate, potential buyers are willing to search long and hard to identify the best acquisition candidate. Transparent […]
business sales
Is your Business Broker a Crazy Glue Sniffer
As I spent this morning looking at my google adwords account and managing the insanity of that process i note how many competitors simply pay to get first position and hence the customer. One admired the genius of Google; but one also must also wonder how does a consumer know who to choose as their […]
Not all Lawyers are the Same
When you go to the hospital (where I am sitting right now with my mother) you go to see specific doctors for specific specialties. All Doctors (and yes believe it or not, Lawyers are technically doctors “juris doctor” . Anyway if you had to have open heart surgery I imagine you would not go to […]
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 […]
Shark Tank and The Valuation Gap
So i just wrapped up a listing appointment. This young lady had a 20 Year old pet grooming business. “Jane” leads off with telling my that we have spoken before and that i am the 4th business broker she has spoken to. I asked her what my colleagues gave her for valuations? She pulled out […]