Numerous clients have shared recently that they are seeing an increase in unsolicited inquiries about purchasing their business, some of which are legitimate inquiries from buyers or business brokers. While it is natural to be excited that you are a ‘target’ for an interested buyer, it is critical to slow down, stay calm and respond,Read More…
Bargaining Position Matters. While they are frequently confused as being synonymous in the business world, the terms “value” and “price” don’t mean the same thing when it comes to business valuation. Every business ownership transfer involves negotiation, or bargaining, and bargaining position is a function of economic strength, knowledge, negotiating skills and timing. As such,Read More…
We were recently working with a successful Wisconsin business owner who has been working on his succession plan. During our initial meeting he was surprised to learn that every business has more than one value depending upon who the buyer is. He lamented he had no knowledge or experience in thinking through the different typesRead More…
Dear Cathy, About 10 years ago I bought out two of my siblings/partners in an artisan cheese business in order to keep our family business within our family. I now have majority share with myself and one younger sibling left as owners in the business. I’d like to more clearly understand the options forRead More…