Posts by Dave Driscoll
Minimizing risks when selling your business to an employee
An insider sale can be one of the best ways to transfer ownership of your business. But, the major obstacle to insider sales is usually the employee’s lack of cash and assets to leverage, limiting their ability to finance the acquisition in the traditional fashion.
Read MoreConfidentiality: Every Seller’s Concern when Selling a Business
Confidentiality is imperative when selling your business. Your company’s asset value must be protected from the start of the process until the day of closing.
Read MoreIs your business owner-dependent?
By Dave Driscoll What would happen if you decided to travel for the next month? Your business would run like the proverbial well-oiled machine. You would be inundated with emails, texts, and calls from your employees. Your employees would call the police, convinced you must have been kidnapped because you are NEVER away from the…
Read MoreSecure your goals and vision with succession planning
Every owner, including you, will eventually leave his/her business, one way or another. Creating a succession plan is your opportunity to impact the future for you, your family, and your business.
Read MoreDon’t try this on your own! Emotion gets in the way of selling your own business
Business owner emotion combined with the assembling and organizing of required information, the time demands, the question of a realistic value and price, and the determination AND patience needed result in overwhelming anxiety if you try to sell your business yourself.
Read MoreCurb Appeal includes what you can see from the street AND what’s inside the business
By Dave Driscoll It’s what’s inside that counts. What does that mean when you are marketing your business for sale to a third party? Businesses generally fall into one of three categories: Behind the curve with systems that need to be updated On the curve with up-to-date systems that enable the business to compete with…
Read MoreKeys for family business succession and survival
Nine tips for strong family business – help your family business survive and be relevant in the future.
Read MoreSelling your Business: Exit & estate planning considerations for your retirement
A business valuation is critical to determine the future financial needs of the owner in retirement, AND also to protect and transfer that wealth to the next generation.
Read MoreBusiness Exit Planning: It’s a Seller’s Market
High demand and low supply are creating seller leverage, stronger valuations, and advantageous deal structures with more cash at close. By Dave Driscoll Clients always ask: “Is this a good time to sell?” My reply today is YES! I know…you hear that from everyone in the M&A industry that wants to sell your business. I…
Read MoreTake an objective look at what your business is worth
Don’t be fooled by your distorted perspective By: Dave Driscoll As an owner who has built and grown your business, you know it inside out – the good and the bad – so you should know better than anyone else what your business is worth, right? Unfortunately, no. Your years of working hard, solving problems,…
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