Insights
Videos, articles, & advice from Kirk and his network, to help successful founders find better outcomes.
Unsolicited Offers: Protecting Your Business and Maximizing Value
Unsolicited Offers: Turn Unexpected Interest in Your Business Into Maximum Value – Learn How to Protect Your Company and Seize the Opportunity Wisely!
Exploring AI in M&A: Enhancing Due Diligence and Deal Insights
From analyzing complex data to spotting red flags, AI tools make the M&A process faster, more accurate, and more transparent. Discover how leveraging AI can give you a competitive edge in your next transaction.
Stock-Based Compensation: Does It Impact EBITDA?
Learn why adjusting EBITDA for stock-based compensation is essential for a clearer financial picture and better buyer confidence when selling your business
Guest post on The Valuation Podcast with Kirk Michie & Melissa Gragg
A Guest Podcast by The Valuation Podcast with Kirk Michie & Melissa Gragg
Guest post on The Exit with Steve McGarry & Kirk Michie: The Art of Exit Preparation
A Guest Podcast by The Exit Podcast with Kirk Michie & Steve McGarry
Leveraged Finance: Risk, Reward, LBO & More
It’s important to understand how private equity firms approach these deals. Most use leverage—borrowed money—to fund their acquisitions, which can impact both the sale and your financial future.
Business Valuation: How to find out What Your Business is Worth
Learn why expensive valuation firms and public company comparisons may not provide an accurate estimate for your company, and discover how to consult with market participants like investment bankers and business brokers to get a realistic valuation.
The Difference Between EBIT and EBITDA
In the financial landscape, two key metrics often stand at the forefront of business valuation and analysis: EBIT (Earnings Before Interest and Taxes) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)
Stock Purchase vs. Asset Purchase
When navigating the complex world of business sales and acquisitions, understanding the distinction between a stock purchase and an asset purchase is crucial.
Taxes and Selling Your Business: What You Need to Know
Thinking of selling your business and wondering how you'll be taxed? While we're not accountants we've done a lot of deals and seen plenty of good (and bad!) planning.
Selling Your Business Using Debt or Loans
How businesses can be sold through innovative debt structures.
Selling a Business with Loans or Debt
By understanding the implications of debt on the sale process, sellers can navigate negotiations more effectively and maximize the value of their businesses.
IOI vs LOI: What’s the Difference?
Are you a business owner contemplating selling your company? If so, you've likely encountered terms like Indication of Interest (IOI) and Letter of Intent (LOI) during discussions with potential buyers. Understanding the disparity between these terms is crucial for navigating the sales process effectively.
Guiding Your Sale: Structure & Non-Cash Payments
Turn the tables on buyers views on these terms by making sure they know that you have plenty of belief in the future of your company but maybe you're not willing to let your net worth depend on their ability to run it!
Navigating Change: Seller Expectations
Founders who are thinking about selling their business need to be aware of their own expectations.
What the Heck is EBITDA?!
EBITDA (pronounced E-BIT-DUH)… Here's a quick primer on understanding why this arcane accounting terms captures the transferrable economics of a business.
Add Backs for Adjusted EBITDA
If you're a founder contemplating the sale of your business, or you just want to better understand the process, the term "Adjusted EBITDA" will come up. A lot. And while the trip from Net Income to EBITDA is basic accounting arithmetic, get to that "Adjusted" number is a bit more art than science...here's a few tips.
Does Buyer Quality of Earnings Analysis Always Work Against Sellers?
If you're a founder selling your business, and your buyer wants to have a Quality of Earnings analysis performed on your financials, strap in and prepare yourself for an invasive and potentially frustrating process. To navigate it well and keep your deal on track, here's a few key tips.
Beware the Working Capital Adjustment
If you're a founder selling or contemplating the sale of a manufacturing business, this information might save you $ millions and more importantly, save your deal. This is one pesky accounting term that should be defined (maybe even with attachments) in your LOI and Purchase Agreement.
Getting Penalized for Great Results During the Pandemic
Many Sellers are finding that buyers, whether strategic or financial, are discounting exceptional 2020 results as fluke or non-repeatable because of consumer behavior in the new normal. But there's a cure for this 'EBITDAC Adjustment' and we can help!
Explore All Tags
- Business Assets 2
- Business Broker 1
- Business Buyer Types 3
- EBITDA 8
- Employees 1
- Exit Strategy 18
- Exit planning 17
- Founder to Employee 4
- Guest Podcast 1
- Guest Post 13
- Independent Sponsor 6
- Investment Banker 15
- LOI 4
- M&A Lawyer 3
- Mergers & Acquisitions 32
- NDA 1
- Negotiation 7
- Predatory Buyers 7
- Private Equity 35
- Recurring Revenue 3
- SPACS 4
- Selling Shares 3
- Selling Your Business 139
- Terms 8
- Timing 2
- Transition Planning 1
- Unsolicited Offer 7
- ebook 7
- esops 3
- market update 2
- re-trade 1
- structure 3
- sxsw 2
- taxes 2
- valuation 1
- venture capital 5
- webinar 2