Insights
Videos, articles, & advice from Kirk and his network, to help successful founders find better outcomes.
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.
Search Funds: Broken LOIs and Buyer Behavior
Search funds are led by entrepreneurs seeking to buy and run a single business. However, their inexperience and reliance on external funding can result in failed deals. Sellers should vet these buyers carefully to avoid risks.
Founder FAQ: Is a Financial Audit Required When Selling Your Business?
Learn whether a financial audit is necessary when selling your business and explore alternatives like quality of earnings reports.
What is a Working Capital Adjustment
The crucial role of working capital adjustments in business sales and how they can impact the final purchase price in M&A transactions.
Advisors in Action: Strategic Communication
Optimize Your Business Sale Strategy with Proven Advisor Techniques
Are Search Funds the New SPACs? A Growing Trend in the Investment World
Discover how search funds are rapidly becoming the new SPACs in the investment world, offering a fresh pathway for business growth and acquisitions.
LOI Breakdown: Navigating Binding Agreements
Understanding the Critical Aspects of Letters of Intent (LOIs) in Business Sales: A Key Step for Sellers.
Transition Services Agreements (TSA) in Business Sales
When selling a business, a seamless transition is crucial. A Transition Services Agreement (TSA) outlines the support and services the seller provides to the buyer during the transition, ensuring continuity and minimizing disruptions. Understanding TSAs is essential, especially in sales involving large or public companies.
What are Transaction Advisory Services (TAS)?
It's all about helping founders sell their businesses smoothly and get the best value for it. It involves planning, executing strategies, and getting expert guidance throughout the entire process. TAS covers everything from preparing for the sale to planning after the sale, making it crucial for anyone wanting to sell their business effectively while reducing risks.
M&A Insight: Seller's Discretionary Earnings
Are you considering selling your business but unsure whether an asset purchase or a stock purchase is the right path for you? Understanding these options is critical, as they significantly impact both the financial outcome of the transaction and the responsibilities transferred to the buyer.
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!
Strategic Exits: Options for Selling Your Small Business
Have you been told you have a nice "lifestyle" business by some glib deal world type? To heck with those guys, you have more options. Maybe lots of them! Give us a few minutes and we might make or save you Millions. Maybe More!
Important Terms To Know When Selling A Company
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.
What's So Wrong With Earn Outs?
If you're a founder who's been offered an "earn out", this is for you. When your company's growth and the buyer's structure aligns, an earn out can work well for both of you, but make sure you understand that an earn out might make some of your sale price contingent on events beyond your control.
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.
What is the Difference Between an Investment Banker, Business Broker and Exit Planner?
This is much more than semantics or terms of art – some are necessary, and others are completely optional or altogether wrong for your plans.
What's a "Clean Team" in Due Diligence?
If you're a founder whose business has unique intellectual property (real secrets to design or process), then protecting your precious IP might need a extra layer in due diligence with a buyer. Consider putting a "Clean Team" protocol in place to keep your secrets safe.
Explore All Tags
- Business Assets 2
- Business Broker 1
- Business Buyer Types 3
- EBITDA 5
- Employees 1
- Exit Strategy 18
- Exit planning 15
- Founder to Employee 4
- Guest Podcast 1
- Guest Post 11
- Independent Sponsor 6
- Investment Banker 15
- LOI 4
- M&A Lawyer 3
- Mergers & Acquisitions 29
- NDA 1
- Negotiation 5
- Predatory Buyers 7
- Private Equity 33
- Recurring Revenue 3
- SPACS 4
- Selling Shares 3
- Selling Your Business 133
- Terms 8
- Timing 2
- Transition Planning 1
- Unsolicited Offer 7
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- esops 3
- market update 2
- re-trade 1
- structure 3
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- valuation 1
- venture capital 5
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