Tevya Finger, President and CEO of Luxury Brand Partners, wanted to start a luxury hair product company and quickly raised $6M in capital from investors to begin Oribe Hair Care. Before they could really get their products off the ground, the 2008 economic crisis hit and $2M of their start-up capital were frozen by the bank…. Read more »
Posts Categorized: Business Owner
5 Ways To Get Your Business To Run Without You
Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you? A business not dependent on its owner is the ultimate asset to own. It allows you complete control… Read more »
When Selling Your Business, Play to Win
If you are an independent business owner, you are most likely also an independent business seller – if not now, you will be somewhere down the road. The Small Business Administration reports that three to five years is a long enough stretch for many business owners and that one in every three plans to sell,… Read more »
How To Lure A Giant Like Facebook Into Buying Your Company
A great business is bought, not sold, so, if you look too eager to sell your business, you’ll be negotiating on the back foot and look desperate—a recipe for a bad exit. But, what if you really want to sell? Maybe you’ve got a new idea for a business you want to start or your… Read more »
5 Reasons Why Now Might Be The Right Time To Sell
Are you trying to time the sale of your business so that you exit when both your business and the economy are peaking? While your objective to build your company’s value is admirable, here are five reasons why you may want to sell sooner than you might think: You May Be Choking Your Business When… Read more »
Similar Companies Can Have Huge Value Differences
Can two companies in the same industry have very different valuations? In short, the answer is a resounding, yes. Let’s take an example of two companies that both have an EBITDA of $6 million but with two very different values. In fact, Business One is valued at five times EBITDA, which prices it at $30… Read more »
Third Time’s A Charm: From False Starts To Finishing Big
Scott Miller grew Miller Restoration to a $3M business specializing in cleaning up the mess caused by floods and fires. When a new business idea caught his attention, Miller decided to sell his business. After two false starts, he ended up successfully selling for 3.5 times pre-tax profit. Miller knew telling his employees would be… Read more »
Are You Running A Valuable Business?
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How To Avoid Disappointment When It’s Time To Cash Out
How do you avoid not being disappointed with the money you make from the sale of your company? Perhaps you’ve heard that companies like yours trade using an industry rule of thumb or that companies of your size sell within a specific range, and you want to get at least what your peers have received…. Read more »
Difficult Issues Often Attached to Valuing a Business
There is little doubt that valuing a business is often a very complex process. In part, this complexity is due to the fact that business evaluation is somewhat subjective. The simple fact is that the value of a business is often left to the mercy of the person conducting the evaluation. Adding yet another level… Read more »
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