The crucial role of working capital adjustments in business sales and how they can impact the final purchase price in M&A transactions.

Selling your business is not just a financial transaction but a significant life change that requires careful consideration of your future identity and purpose.

As founders consider exiting their businesses, it's crucial to understand the landscape of potential buyers, which can broadly be categorized into strategic and financial types.

Are you the sole or primary owner of an S-Corp. or LLC? Thinking you don't have a cap table or don't even know the term? Here's a critical heads-up going into a sale -- you have to prove it with documentation.

If you're a founder and you've contemplated selling your company, then you get a call or email from a potential buyer, it could either check all the boxes and have you riding off into the sunset or it might be a big waste of time, energy, and even money. Here's a few tips to save all three!

Contemplating the sale of your company? Beware endless requests for information from financial sponsors, like private equity firms or funds. Not only does this outreach distract you from working on your business, but it is rarely fruitful and also feels like death by a thousand cuts.

If you're a founder on a path toward selling your business soon, these three minutes will help you save hundreds or thousands and maybe even millions!

Looking at the 4 most important terms to know when selling your business: Valuation, EBITDA, Structure, & Diligence. Each of these serve it’s own important purpose in the sale of a company and we’ll define them in detail.

Wondering how big your company needs to be to attract the right buyers? Will they focus on revenues or profits? Curious about the process and players? Here's a few useful guideposts.

For many founders, decision making or just plain being decisive is key to their success, but there comes a point in time in a company's life where founder impulses fall short, and processes need to take their place...and Hope is NOT a strategy!

The number one reason most founders don't sell comes down to the disparity between their expectations and the markets' realities. Understanding what you need from the transaction, finding out how that lines up with the way buyers will value your business, and being clear on your true bottom lines and the right structure can close or eliminate the gap.

If you're selling your company, or even taking in capital, there's a few things to expect from your buyer, and they're predictable behaviors based on buyer type. Prepare for them, and you'll be ready to respond appropriately, but fail to anticipate them and you might overreact and blow up your deal. Here's a few tips...

Ever heard of Retrade?

If you're a founder in the middle of a sale, capital raising process, or negotiation with partners or stakeholders, recognize that WAITING can often be the best active decision. It's not purely intuitive to know when to push and when to wait, so be sure to have at least one member of the deal team with lots of reps at the M&A Gym!!

Many founders make one or all of these 3 understandable and potentially disastrous mistakes when selling; 1) use advisors without M&A experience, 2) get distracted by the M&A process and let business results suffer, 3) let their employees know they're selling too soon. All well-intentioned, stem from loyalty, familiarity, instinct, or transparency, and each one may lead to disaster.

If you're a #founder and moving toward a sale, or even responding to an unsolicited offer, it makes sense to get your financials in order by using an advisor with significant experience in M&A. Missing this simple step is often VERY COSTLY!

If you're a founder selling your business, and your buyer is a financial sponsor, it's important to know the difference between a traditional private equity firm and an independent or "fundless" sponsor...it matters.

What does it mean for Founders to “take chips off the table”? Many small business owners paused sale or transition plans due to the pandemic, but data from M&A sources continue to point to this being a unique moment with plentiful inexpensive capital for buyers, making it a seller’s market for high quality companies. Just might be time to find out what those M&A types mean when they talk about “taking chips off the table” …