5 Misconceptions About Business Transactions and How to Avoid Them
When it comes to mergers and acquisitions (M&A), myths and misconceptions can be costly, especially since significant amounts of money are involved during these transactions. Many business owners, especially those new to the process, may fall prey to these common myths, which can undermine their chances of success. Understanding these misconceptions and how to deal with them is key to...Read More
What It Really Means to Be Your Own Boss
The idea of owning a business often sounds somewhat glamorous. People sometimes equate it with freedom, flexibility, and financial gain. But behind that polished image is a reality that many don’t see until they’re already in the thick of it. Being your own boss isn’t just a career move. Instead, it’s a lifestyle shift that demands a specific mindset. Before taking the plunge, it’s worth...Read More
Navigating the Sale or Succession of a Family Business
When it comes to passing on or selling a family business, the process can be emotionally and financially complex. But whether you’re planning to keep the business in the family or hand it off to an external buyer, careful planning is crucial. Below are some considerations for family-owned businesses when preparing for succession or a sale to keep the process running as smoothly as possible....Read More
Creative Strategies for Closing the Price Gap in Business Transactions
When buying or selling a business, the question of price is often the most contentious point. Sellers typically aim for all-cash transactions, hoping to receive the full value upfront. However, in middle-market business deals, it’s common for partial seller financing to be a necessary element. Interestingly, sellers who insist on an all-cash offer may end up with a lower price than they...Read More
