We met some great new prospective clients and referral partners at SXSW22. And came with a renewed insight for founders in process of a sale or capital event for their company - not every buyer move is invasive or accusatory. Don't blow a great deal by reacting to unfamiliar territory and lean heavily on your advisors.
One of our other takeaways from @SXSW is that small, committed groups of people and organizations make all the difference in social change, technology, entertainment, business, and more broadly in the World. If you're a founder and a much larger acquirer is using high-priced and arrogant advisors to steamroll you from LOI through diligence, remember that greatly rarely comes from large organizations - know your value and lean on your team to get full value and protect your legacy.
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6 Secrets to Selling Your Business
Unclear financials can turn due diligence into a long debate about your numbers. A sell-side quality of earnings report helps answer those questions early so buyers can focus on what makes your business valuable.
Recurring revenue can make a business look easier to predict, finance, and grow. Kirk explains why buyers value it—and why a high churn rate can weaken the story.
A successful business may attract buyers, but that doesn’t mean it’s ready to sell. Kirk explains why starting your exit prep early can lead to a better price, better terms, and more control when the time comes.
Buyer questions can feel personal, especially when the deal process drags on. Kirk Michie explains how the right advisor can help you manage the pressure and keep the deal moving.
An offer may sound impressive, but is it actually a fair price? Kirk Michie explains how to understand your company’s market value before entering a sale process.
A $20 million offer may deliver less than half that amount at closing once earn-outs, seller notes, and escrow are considered. Before accepting a lone buyer’s terms, see how competition can change the outcome.