In my opinion, September and early October is the best time of year to be in Colorado. The weather is dry (although this year, too dry) and the evenings cool down to provide crisp, clear morning air, unless we are dealing with smoke from wildfires, like this year. The weather is also a reminder that […]
One of the keys to success is to surround yourself with smart people. Although I am not saying that I am successful, our firm has been in existence for over thirty-eight years and I have been blessed to have many great and talented team members. I mention this because one of my current team members,
Maximizing the Value of Your Business with Concentration Read More »
If you would have asked me to write an article about this topic six months ago, I would have suggested that perhaps you had consumed too many adult beverages. But now that we have lived, albeit reluctantly, with COVID-19 for several months, we have some experiences that we can share. First and foremost, good, profitable,
In an attempt to stimulate the small business economy, the Federal Government initiated a number of programs under the CARES Act. Most notable are the Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL). There are also numerous other provisions relating to direct payments, retirement account loans and distributions, and payroll tax deferrals. One
Even during these financially uncertain times, businesses are being bought and sold. As you would expect, the better managed and performing businesses are attracting more attention and commanding higher prices. Below are several suggestions that you, as a business owner, can implement in order to make your business more marketable and valuable, either now or
Maximizing the Value of your Business During the COVID Environment Read More »
Now that we have been living with COVID-19 and its social and economic ramifications for approximately two months, it appears that we, as an economy, are starting to adjust and get back to business, albeit, somewhat differently. For those of you who lost a loved one or friend, we extend our condolences and understand that
Although I have been selling businesses in Colorado for over thirty years, and have seen many disruptions of the business cycle caused by events such as war, bubbles, and recessions of various magnitudes, the current economic environment has characteristics that are different than the others. Prior to the mandatory stay at home order from Colorado’s
Selling a Business During the COVID-19 Disruption Read More »
As a member of several M&A industry associations, our firm receives a fair amount of industry information relating to transaction data. This month’s article, which was compiled by Scott Densmore, one of our experienced Brokers, highlights some of the 2019 Q4 information, as reported in the Fourth Quarter 2019 Market Pulse Survey. Below are two
In order to maximize the value of your business, it is important to start planning for the sale three to five years in advance, but it is never too early to start the process. Below are several items that will make your business more attractive to the market. Financial Information – Timely accurate financial information
The other day, I was on a conference call with a potential seller and his accountant. Near the front end of the call, the potential seller indicated that he was nearing retirement, getting tired, and wanted to sell his business, but only if market conditions are right. A variation of this conversation is part of
