Tag Archives: Buying a Business
Buying a Business: Raise Money for the Search or Not?
Search Funds Last week I had a nice conversation with a mid-career person looking to buy a business. He was contemplating using the “search fund” model to find and buy a business. As a brief background, a search fund is a model where an entrepreneur… Continue reading →
Chart of Most Profitable Industries — Increase Your Odds of Business Success
Profitability Differences Building a business is a lot of work. Thus, it makes sense to build your business in an industry where the fundamental dynamics are a little more in your favor. Or, evolve your business to improve its fundamental characteristics by studying the best.… Continue reading →
The Best Business Deals Die Three Times: Wisdom from Buying & Selling Businesses
Business Deal Reality Check “The best business deals die three times,” is sometimes said with the reverence of having been spoken by a person of great wisdom. This week, I spent days in full-time discussions with a company where we are far along in the… Continue reading →
Bad Accounting is Bad Business and Bad for Your Personal Credibility
Don’t Like Accounting? You will never be an integral participant of a community when you do not know the language of the community. Accounting is the language of business. If you are in business, you have a responsibility to become competent and conversational in accounting.… Continue reading →
Asset Sale Versus Stock Sale (Purchase & Sale Agreements – a series)
Asset Sale = LLC and S Corporation If you are a business owner considering the sale of your business, please put yourself in a position for an asset sale rather than a stock sale by holding your business in a Limited Liability Company (LLC) or… Continue reading →
Have Your CEO (and Management Team) In Place (To Sell or Not to Sell Your Business — a series)
Selling Your Business: To sell your business, I recommend that you present the deal with a CEO and management team in place through the first few years post-transaction. Simply put, this can be done in two ways: you are the CEO and you agree to… Continue reading →
Mezzanine Financing – A Guide for Business Owners
Mezzanine financing is a type of debt financing that sits between bank loan financing and equity financing in a company’s capital structure. This post is meant to be a general overview of mezzanine. I recommend that all business owners should know about this financing option… Continue reading →
Business Owners Benefit from Good Ideas from the Edge
Happy Anniversary to the Stockman Grass Farmer newspaper and Wired magazine — 65 years for the Stockman Grass Farmer this month and 20 years for Wired magazine in January (but issue 1.1.1 released this month for the iPad). At certain points in time for me,… Continue reading →
Business Growth Rate and Selling Your Business (To Sell or Not to Sell – a series)
The business growth rate is obviously a huge factor in a decision to sell or not to sell your business. This post is next in my series “To Sell or Not to Sell Your Business”. Obviously, the higher the sustainable growth rate that has been demonstrated… Continue reading →
Trend-spotting at Harvard Business School
One magnificent place to spot trends (and things that are too trendy) is the Harvard Business School. There is a famous saying that someone should watch what newly minted Harvard MBA’s are doing and do the opposite — such as when all the MBA’s joined Internet… Continue reading →
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