Northwest Funds Group, Inc.
Resources
Articles of Interest:
Buyers - Complete Your Financial Statement and Make it Available
By BizQuest.com
Many prospective business buyers express concern when a seller or business broker asks them to provide their
personal financials. Personally, I've never understood this apprehension. There are a number of issues buyers note
specifically as being worrisome, but the truth is their reasoning is based more on opinion than fact. more...
Surprises CEOs Face When Selling Their Company
By Russ Robb | Tully & Holland, Inc.,
BizQuest.com
Most middle market company CEOs are aware of the process of selling a company, but some
CEOs are woefully naïve in dealing with the sale of their company. For example, my experience
is that the decision to sell is mostly event driven. more...
Private equity, baby boomers soon will be driving business sales
By John Zayac, BizQuest.com
Middle-market mergers and acquisitions powered ahead in 2006, and the outlook for 2007 appears very promising.
Record amounts of money flowing in from private equity firms -- entities that raise money specifically to buy companies -- have fueled an acquisition bonanza that has been breathtaking in its scope and duration. By Thanksgiving of this year, private equity funds had raised nearly $178 billion for 2006, already eclipsing the previous record of $177.5 billion raised in 2000. Fundraising by year-end could reach a staggering $225 billion.
more...
Ground Rules for Successfully Selling Your Business
By Grover Rutter | CPA/ABV, CVA, BVAL, BizQuest.com
Eventually you are going to exit your business. The question isn’t whether or not you will be ready. The sixty four thousand dollar question is whether or not your business will be ready.
It is estimated that seven out of ten privately held businesses have no succession plan to transfer the business to the next generation of owners. What does that mean to you? It means that if you do not currently have a plan in place to transfer your business to family members, existing partners, management, or employees, someday you will think about selling your business. In addition, that day might come sooner than you anticipate. more...
Preparing a Privately Held Business for Sale
What are the key things a business owner should do to prepare a business for sale?
By Patrick Harkins, BizQuest.com
A business owner recently asked me to succinctly define what a privately held company and owner must do in order to prepare the business for sale. I segmented my response into major categories as follows:
Financial
Since all business sales are based upon a multiple of the cash flow (either EBITDA or Discretionary Cash Flow), the owner must have all of the financial records segregated and in good order. At a minimum, we would suggest having three years of financial statements and tax returns. If there are substantial differences between taxable income and book income (e.g. cash basis vs. accrual), those must be identified and explained. Culling out all significant discretionary expenditures along with isolating any unusual and non-recurring expenditures and losses will be important. more...
Preparing Your Company for Sale
By Charles K. Oppenheimer, Jr., BizQuest.com
Whether you are considering selling your business now or sometime in the future, the most important thing you can do to ensure a successful and profitable sale is to take steps to properly position your business for the sale. There are hundreds of reasons why a company is difficult or even impossible to sell, most of which can be attributed to a total lack of planning. more...
“Achieving premium values for sellers”