Many business owners eventually reach a crossroads where their families want them to slow down and take it easy, even if they aren’t ready to. This can be even more challenging if, as one business owner put it, you “feel more appreciated at the office than at the dinner table.” In these situations, committing to […]
For many business owners, the business is more than a means to make money—it’s a part of their identity and a link to the past. This can make the idea of leaving it, and committing to the planning required to leave it successfully, very challenging. Consider the story of Tony Charles, a fictional but representative […]
Yeah, I’m the taxman. And you’re working for no one but me. -George Harrison Selling your business comes with major tax implications. You likely don’t want to pay any more than the minimum in taxes when you sell. With planning, it’s possible to reduce your tax burden and reap the most out of a business […]
Business owners are used to having control. But some things are uncontrollable, and without a plan, those uncontrollable things can create negative consequences that reverberate. Consider the story of a fictional but representative business owner who learned why planning before he thought he was ready was so important. A Stroke of Luck Jerry Glasner’s employees […]
Keeping the business in the family or among trusted employees is a point of pride for many business owners. And some heirs apparent truly can’t wait to run the business. Today, we’ll raise some important considerations if you intend to keep the business in the hands of insiders. Does an Insider Transfer Lead to Financial […]
Despite the ongoing challenges in the M&A market— interest rates, inflation, supply chain challenges, geopolitical conflicts, and less available debt financing—Advisors are witnessing glimmers of hope that could mark a positive turning point in dealmaking for the upcoming year. Private equity firms’ increasing pressure by Limited Partners to exit long-held portfolio companies and return […]
Family businesses provide a bond between generations. A lot of times, they are the cornerstone of a family unit and are the reasoning behind why siblings, parents, and extended family members have strong relationships, live close to one another, and see each other often both in and out of the office. The decision to sell […]
Many business owners choose to sell their businesses to third parties for several reasons. If you’re thinking about pursuing a third-party sale as your business exit strategy, consider these four steps to prepare yourself for a successful third-party sale. Of course, as with any plan for a successful future, your first step is to determine […]
St. Petersburg, Florida – Aberdeen Advisors, Inc., a leading lower middle market M&A advisory firm, served as the exclusive advisor to FiberGlass Coatings, LLC in its sale to Third Arch Investments, LLC. “It was a privilege to represent FiberGlass Coatings and owners, Bill and Rose Higman, in the transaction with Third Arch,” commented Emery Ellinger, Chief […]
Business owners deserve to get full value for their businesses when they decide to retire. But who determines what “full value” is, and how do you create it? Let’s look at three strategies you can implement to pursue and build your business’ value. 1. Get a Proper Valuation For many business owners, the value of […]
