No Surprises: Taking the sting out of due diligence

If there is one thing that buyers of or investors in privately-owned businesses hate more than anything else, it is surprises (and I’m not talking the more than welcome gift-wrapped ones): unsigned contracts, undetected accounting anomalies, undisclosed...

Employee Equity: Golden Handcuffs or Ball & Chain?

The concept of employee share ownership has been raised by a number of business owners in recent discussions, each with their own motivations and intended structures.  What these discussions have clearly demonstrated is both the desire to invite key staff to share in...

Get big, get niche or get out

Lunching with an associate recently I was reminded of this phrase in relation to business strategy: get big, get niche or get out.  To me, it encapsulated beautifully one of the key drivers of exit-readiness: appeal. Why is it so pertinent?  Fundamentally, if your...

Would YOU buy your business?

It’s a poignant question for business owners when you really think about it.  Taking a step back and looking at a business objectively is very difficult when it’s the product of your own blood, sweat & tears. Still, as part of the valuation process it...

Making the most of your IP

In my discussions of late I have found very few business owners with a healthy appreciation for the intrinsic value of the intellectual property inherent in their enterprises.  Sure, most in service industries understand the need to capture operational information in...