Business owners deal with this question daily. It can be the question asked when a significant account is landed and there is now a need to figure out how to deliver. It can be the question asked in exasperation when a series of unfortunate events happen in rapid succession. It is also the question asked [...] Read more »
Why did Filene’s Basement Close?
What’s wrong with this picture? First, does this look like a basement to you? Second, it is in suburban New Jersey where I would guess no one has any idea who Filene was and how he changed the way people shop for clothes. Sadly, Filene’s Basement will be liquidating in January 2012 putting more than [...] Read more »
Is your business worth more than Apple, Inc.?
I speak with business owners regularly in business meetings, networking groups and on sales calls – most want to know about the value of their business in today’s marketplace. Given that investors (Private Equity) are usually looking at several investment opportunities simultaneously, understanding how one investment compares to another is an important part of assessing [...] Read more »
Unsolicited Buyer
One day a couple parks in your driveway, knocks on your front door and with a checkbook in one hand and a pen in the other says “We want to buy your house, how much?” You protest saying your house is not for sale. The couple insists, “we don’t care we want to buy it, [...] Read more »
Selling the Brooklyn Bridge?
There is an old expression about being stupid enough to buy the Brooklyn Bridge. This expression recently came to mind when I was on the seminar panel for business owners and advisors along with David Humphrey (principal at Beacon Equity Advisors). The discussion topic centered on selling private businesses. Jeffrey Swain, a lawyer with Mirick [...] Read more »
When is the right time to exit your business?
Making the “Right” Exit We came across an article last month that discussed business owners who regret the exit they made over the last few years and in some cases end up buying back the business after selling to the wrong buyer. At Beacon we understand the sale of a business is a process not [...] Read more »
Ways To Improve – The Value Of A Business Prior to Selling Part 1
Even if you are on the right track, if you are not moving forward eventually you will be hit by an oncoming train. - Will Rogers The Value of a Business Prior to Selling By David Humphrey, CPA, CVA The purchase price paid for a closely-held business is in direct relationship to the perceived [...] Read more »