“What is Your Profession?” In the movie 300 King Leonidas and his brave 300 meet some Athenians on the way to Thermopolye. The Athenians are shocked at “few soldiers” Leonidas brought with him. Leonidas asks several Athenians what thier professions are: They respond with a series of answers…..non of which is “Soldier”. Leonidas turns to […]
Transworld
Plan To Sell
Most people have a will. Your business needs one too, in the form of an exit plan. Most business owners will not sell voluntarily. Why? Selling a business is not the best way to make money from it. Most small businesses sell for 1-3 times adjusted earnings (larger ones can sell for more). So, if […]
Its All About Perspective
When new brokers join my firm, I am often asked by them how do I do the volume of deals I do? To me the answers are very intuitive but in reflection I thought about what prohibits deals from getting done….what in effect is the critical factor that kills a deal? To me the answer […]
Why You Should Plan Your Exit Even IF Your Not Exiting?
Anyone who pushes you to exit your business before you choose to is clearly out of line. After all, if you’re the founder/creator/owner of the business, shouldn’t you also be the one who gets to say when you should leave? I think so. Over the years, I’ve learned that it is a big mistake to […]
How Do You Value A Business?
Accurately valuing a small business is often the most challenging part of the process for prospective business buyers. However, it really is a simple process once you understand the terms and processes. Above all, you should realize that valuation is an art, not a science. As a buyer, always keep in mind that the “Asking […]