Succession Planning - Begin the Journey Now and Here's How
Although we business owners tend to think we're going to live forever, we know that's not the case. Life changes, health changes, business changes...everything changes. Even we change, if we'd care to admit that.
If You're Thinking About Selling Your Business - It's a Seller's Market!
In September, I attended a panel discussion regarding the current private equity landscape. This was put on by the Association for Corporate Growth. Some key points from the presentation:
It's a seller's market and there is nothing pending in the near-term that panelists felt would slow this down
Private Equity Groups are turning over their business holdings in 1-2 year cycles vs. 3-5 in previous year
Pass through entities such as LLCs and S-Corps are the preferred targets
Rep and warranty insurance has become a regular expense in these transactions
Companies with engaged and motivated management teams in place and offering stable growth potential are of key interest to buyers
If you are considering attracting a buyer for your company, there are many items to address before you entertain feelers about a sale. Especially if you want to maximize the value of the offer you could receive. Similarly, if you've purchased a company or are attempting to blend two (or more) organizations and want to know where to go from here, please give me a call.
"Litigation is the basic legal right which guarantees every corporation its decade in court."
David Porter
From My Clients ......
"In the 3 years I have worked with Mark we grew our business 20%+ each year, we adapted a new market philosophy and moved into a more modern facility. We could not be where we are today if it were not for the wonderful folks in my TAB group paired with Mark's guidance and assistance. He helps you see the value in both yourself and your business"
J Lee, Silva Screenprinting
Upcoming Articles
Organizational Architecture
The Drivers of Organizational Excellence
Are You Aiming for Excellence?
Is there such a thing as a set of Principles for Organizational Excellence? Can our organization attain this level of Performance? The answer to both questions is a resounding "Yes!"
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