The 7 Deadly Sins of Business Sellers

I was reminded again recently by a now former client of how little most business owners know about and appreciate selling a privately-owned concern, how unrealistic their expectations are, and how loath they are to recalibrate their expectations based on market...

Do you run a Business… or a Practice?

This may seem like an abstract question at first, however it is abundantly evident that the exit options available to a business differ significantly from those of a practice.  This is a particularly vital distinction in the business & professional services...

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...

The Earn-Out Alternative

Earn-outs are incredibly popular in sale/purchase transactions, particularly in IP- and principal-reliant business models (e.g. recruitment, marketing/communications, PR, management consulting).  The primary objective of the earn-out is risk mitigation, in which the...