Pass The Biscuits, Please!
Have you ever been paid to eat breakfast? Well I have, five times, in one morning. Part of being a business broker is understanding how business works from the boardroom to the backroom or from the kitchen to the cash register. Recently the Owner of a Northwest Arkansas bank retained me to fly to Florida […]
2021: Are We There Yet?
2020 will be the year written into our shared history as one that was full of challenges: both personally and professionally. Day in and day out we worked to keep ourselves, our families, our customers, and our communities safe from the Corona virus while working to keep businesses strong. We leaned into new skills (video […]
Leverage Lessons From 2020 To Fuel Your Plans For 2021
As we all know, 2020 has been a year of too many re-openings and closings as we faced a common enemy that dealt blows of varying degrees to individuals and their businesses. At the time of my writing, we are already seeing an historic response as the first Covid-19 vaccines are being administered and offering […]
Eleven Acquisition Strategies
A successful acquisition strategy involves finding a methodology for the target companies that generates value for the acquirer. The use of an acquisition strategy can protect entrepreneurs from buying businesses for which there is no clear path to achieving a profitable outcome. Instead of simple growth, an acquirer must understand exactly how its acquisition strategy […]
When The Value Of The Parts Exceed The Value of The Whole Turn To CBI’s Live Auction Program
At CBI we know the business landscape amid the Coronavirus is putting tremendous pressure on business owners. No one wants to see a business fail. However, during these unprecedented times, it’s important for struggling business owners to consider all their options. That’s why CBI offers a suite of services to assist as you seek to prevent businesses […]
A Parable And A Point On Valuing Price
Business owners have likely seen this conversation play out before: questioning price. In this example, imagine a carpenter and a customer discussing what the price should be for a special, custom-built table. Customer: How much to build a special, custom-built table? Carpenter: $1500 Customer: Seems expensive for building a table. Carpenter: How much do you think it would cost? […]
Learn How Loans4Business Can Help Your Business Grow OR Support Its Sale
https://youtu.be/hWPP0yyOwc0 CBI’s Kelly Tivis and DRDA CPAs Suzy Granger talked this year about Loans4Business and how the program supports sellers and buyers in moving a deal toward the closing table. To get help with cash flow or learn more about CBI’s Loans For Business program, contact Kelly Tivis.
It’s Never Too Late To Plan For The Unexpected & The Eventual Sale Of Your Business
According to a recent report from the International Business Brokers Association (IBBA), even though retirement is far and away the most common reason that sellers go to market, most business owners are doing little to no exit planning. The smaller the business, the less likely owners are to plan. Of those owners who did plan, most started […]
Finding Your Way Forward Following The Elections
The votes are in and one result is clear: the country remains deeply divided. Instead of hand wringing and more vitriol, smart business leaders are instead looking for ways they can continue to steady the ship, serve customers, and find ways to connect – regardless of political affiliation. One question looms large among business owners: […]