Hey Reader, Mmmmm nothing sounds absolutely more boring than talking about SOPs. It's worse than eating an olive straight off the tree. Trust me, it's absolutely disgusting. It's in my top 10 list of life decisions to never make again So why am I talking about terrible life choices and SOPs together? Easy. They are necessary for the proper running of your business. But wait! There's more Good SOPs actually add value and make your business more sellable When someone looks to buy your business,...
about 2 months ago • 1 min read
Hey Reader, One of the most frustrating things I watched people experience is the gap between expectations and reality. It hurts you, and it hurts me. I don't want you to experience that at all. That's why we're discussing myths of selling your business today. Your business is special, however, that might not translate into value to someone else. Here's 5 myths about selling a business to help with proper expectations Myth 1 - Timing Your business will sell quickly - It can, but plan on...
about 2 months ago • 1 min read
Hey Reader, When I worked in IB and search funds, I valued lots of businesses. When I was in real estate, I spent time valuing properties. What I learned is that everyone believes their baby (ie business or property) is the unicorn with no blemishes. In my experience, the unicorn believers have the worst experience. And it hurts me, especially because I know how life-changing a transition is. Here's why these matters for a business valuation. There are a few ways to value a business, but...
2 months ago • 2 min read
Hey Reader, The million-dollar question I hear most often: "When should I sell my business?" While there's no magic formula, I've broken down the key signals that tell you it's time to consider an exit. Your Personal Compass is Pointing to "Sell" You might be ready if: Retirement is on the horizon Your passion is pulling you in new directions The business has outgrown your comfort zone Life changes (relocation, family expansion) are calling Market Signs Are Flashing Green Smart sellers watch...
3 months ago • 1 min read
Hey Reader, When you're on the inside of your business, you know every nook and cranny of your company. You know the seasonal changes, the distinct differences that must be accounted for, and more than you would even realize. You have probably heard the saying that a picture is worth a thousand words. In business transactions, a good financial forecast is that picture. Buyers and investors will view everything with fresh eyes, digging into everything with questions and skepticism. It's the...
3 months ago • 3 min read
Hey, Great news! the fed funds rate is dropping and pointing towards the soft landing that everyone was hoping for. I don't think it feels soft at the employee level, but for overall options in the capital markets, it is a great sign. We are now down 75 basis points at 4.75% and can expect the rate to even out over the next year. Fed Funds Rate Upper Limit The market has reacted very strongly to both the presidential election results and the anticipated unleashing of dry powder over 2025. The...
4 months ago • 2 min read
Reader, What a wild ride, just think, this time next week, we won't have to deal with all the election noise. The stock market is going to grow in anticipation throughout the next week as the turmoil from the election gives it extra momentum. Then, just before the actual election day, we'll see a slight sell-off as investors temper their emotions. If possible, please go vote, regardless of who you support. Both Chinese and Japanese indicators could point towards an inflection point bouncing...
4 months ago • 2 min read