
Insights
Videos, articles, & advice from Kirk and his network, to help successful founders find better outcomes.
Time Spent Professionalizing Your Financials Could Mean More Money When you Sell Your Company
As a founder, it’s important to understand how investing your time, energy, and yes, money when planning your exit or capital event will produce significant ROI for you, your company, and your family. Check out the latest from Kirk to learn more about where to invest those precious resources once you’ve gotten clear on your WHY
Death by a Thousand Cuts
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.
Deal Killers & FOMO
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!
What Does Candor Advisors Do for Founders?
Lately, we're blessed with a lot of inbound interest from founders of private companies, many of whom have asked, what does Candor Advisors do for Founders? We work with only ONE group of clients in THREE very specific ways...take a quick listen to learn more.
Multiples haven’t come down…at least not yet!
If you're a founder in the middle of a sale, or contemplating going to market soon, many 'savvy' buyers will tell you that multiples have come down so prices are lower.
Different Buyer Types in M&A Transactions
Independent Sponsors, previously referred to as "fundless sponsors" and alternatives like search funds and SPACs make it increasingly difficult for selling owners to…
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.
Is the Window To Sell Closing?
For founders thinking about selling their companies, we're fielding a lot of questions about whether they've missed their window. The answer depends a bit more now on market/buyer sentiment and their need for bank/mezzanine financing, yet still mostly on the businesses' transferability of economics and the founders' WHY in selling.
What's The Sweet Spot For Selling Your Company?
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.
Hope Is NOT A Strategy!
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!
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.
Alert: Don't Let Buyers Convince You To Sell For Less.
There’s a big difference between market intelligence and predatory behavior – armor up with the right advisor(s).
Guest Podcast By Everyday MBA: Best Practices for Selling Your Business
Interview with Kirk by Kevin Craine on the Everyday MBA Podcast
Choosing An Investment Banker
The Investment banker is worth millions and the wrong one can set your plans back by years.
When Should You Sell Your Business?
If you're a founder and thinking about retirement or funding your next adventure, or maybe you'd just like to take advantage of the buyout boom, how do you know when it's the right time to sell? Here's a few key ideas to help with the decision.
Why Not DIY Your Business Sale and Save Money?
We get this question quite a bit, especially now because we're in a buyout boom and private equity firms have junior associates cold calling and emailing business owners with unstructured offers for their companies.
Guest Podcast by Influential Entrepreneurs: Interview with Kirk Michie, Founder of Candor Advisors
Interview with Kirk by Mike Saunders of the Influential Entrepreneurs Podcast
Seller Expectations - The Number One Deal Killer
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.
Buyer Behavior | Predators & Prey
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...
Knowing Your ‘WHY’ in Selling a Business
Do you want to retire? Do you want to do something else? Change your role? Are you burned out? Getting clear on this will help to navigate through challenges in every facet of your capital event!
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- Business Assets 2
- Business Broker 1
- Business Buyer Types 5
- EBITDA 13
- Employees 1
- Exit Strategy 18
- Exit planning 17
- Founder to Employee 4
- Guest Podcast 2
- Guest Post 14
- Independent Sponsor 6
- Investment Banker 15
- LOI 4
- M&A Lawyer 3
- Mergers & Acquisitions 44
- NDA 1
- Negotiation 9
- Predatory Buyers 9
- Private Equity 35
- Recurring Revenue 3
- SPACS 4
- Selling Shares 3
- Selling Your Business 152
- Terms 8
- Timing 2
- Transition Planning 1
- Unsolicited Offer 9
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