Category: Sell or Buy a Business

Nine Secrets for Avoiding Failed Business Acquisitions

March 30th, 2014

Failed businesses always have both myth and logic around the reasons for their failure.  This is even more true for a failed business acquisition because there are the elements of the transaction added onto the elements of the business itself.  The reality is always complicated,… Continue reading →

6 Pitfalls Between Letter of Intent and Closing the Deal

March 23rd, 2014

When selling your business, it is so much work to find the right buyer and to get to a letter of intent.  That may feel like the hard part.  It is not.  It is just as hard to manage everything that comes next and get… Continue reading →

New $20 Million Investment Fund Looking for Profitable, Fast-growing Businesses

February 5th, 2014

Greybull Stewardship, L.P., an investment fund, completed in January 2014 its $20 million round two capital commitments. Since the fund’s January 2010 inception, annual returns have realized 23 percent after fees. As a result, existing Limited Partners (LPs) increased their commitments and new LPs were… Continue reading →

Ideal business financing for growing, profitable companies in 100 posts or less?

January 12th, 2014

“Teach what you want to learn” is the theme with which I started this blog in April 2012.  Since then, I have written 100 posts — which means I’ve learned for myself and shared what I’ve learned under several themes: Business financing and venture capital… Continue reading →

Announcing Increased Investment in Appointment Plus — leading appointment scheduling software

August 26th, 2013

Greybull Stewardship, my investment fund, is excited to announce that we have invested more capital into Appointment Plus, the leading business automation software specializing in appointment scheduling. By doing so, Greybull Stewardship has increased its ownership percentage in a growing company that plays an important… Continue reading →

50th Post Since April — How am I doing?

September 20th, 2012

Today’s post marks my 50th blog post since I began the blog on April 22, 2012.  To me, it feels good to be writing posts and I hope it is helpful to some business owners and investors out there.  To make sure it is helpful,… Continue reading →

Buying a Business: Raise Money for the Search or Not?

September 10th, 2012

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 →

The Best Business Deals Die Three Times: Wisdom from Buying & Selling Businesses

July 27th, 2012

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

July 23rd, 2012

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)

July 19th, 2012

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 →