Roger Schoenfeld, the Managing Director and Principal at Cross Keys Capital Midwest, has been an AM&AA member for the last eight years. He is currently the Leadership Group Chair of the Midwest AM&AA Chapter and part of the National Council. When asked what drives his commitment to his craft and industry, Roger replied: Helping…
You’ll often hear business brokers and M&A advisors say that the right time to prepare for your exit is when you first launch. By that they mean that it’s important to always be thinking about how to optimize your business so that it is streamlined for an eventual sale. Some of the savviest entrepreneurs and…
If you’re selling a business for the first time, you might have a preconceived notion of the type of buyer that’s most likely to purchase your business. However, the truth is that sellers often get competitive and attractive offers from buyers that they were not expecting to have an interest in their business. Let’s take…
Many buyers and sellers are not aware of the complexities that go into appraisals for businesses. To get the most accurate results, a business needs to be looked at from a variety of angles. When completing a business valuation, we look at everything from comparable businesses to EBITDA. There are a lot of nuances involved…
Experts recommend that sellers prepare years before they plan to put their businesses up for sale, and there are many good reasons why they make this recommendation. A wide range of factors can interfere with the sale of a business, ranging from life changes like divorce and burnout to a new competitor moving into town.…
Selling any business can be complicated. Finding the right buyer is one hurdle that must be overcome. However, even once the right buyer has been found, there are still many reasons why a deal can collapse. Unpredicted Events It is important to realize that you can do everything perfectly and “acts of fate” can still…
Sharon Heaton, the Chief Executive Officer of sbLiftOff, has been an AM&AA member for 3 years now. She has served on the Executive Committee of the DC/MD/VA Chapter for 2 years, and is currently the Chair of the Executive Committee. When asked what drives her commitment to her craft and industry, Sharon replied: The…
No business is perfect, but when you are preparing your business to be sold, it is imperative that you lead with your strengths. That’s why it is important to work with a business broker or M&A advisor to identify, catalog and work to remedy any weaknesses. When presenting your business to prospective buyers, focus on…
