Archives for February 2015

A Reasonable Price for Private Companies

Putting a price on privately-held companies is more complicated than placing a value or price on a publicly-held one. For one thing, many privately-held businesses do not have audited financial statements; these statements are very expensive and not required. Public companies also have to reveal a lot more about their financial issues and other information than the privately-held ones. This makes digging out information for a privately-held company difficult for a prospective purchaser. So, a … [Read more...]

Top Ten Mistakes Made By Sellers

Neglecting the day-to-day running of their business with the reasoning that it will sell tomorrow. Starting off with too high a price with the assumption the price can always be reduced. Assuming that confidentiality is a given. Failing to plan ahead to sell / deciding to sell impulsively. Expecting that the buyers will only want to see last year's P&L. Negotiating with only one buyer at a time and letting any other potential buyers wait their turn. Having to reduce the price because the … [Read more...]

CABI President’s Message – February 9, 2015

By Dennis Smith, CPA CExP CVA CBI CABI President and Board Member   President's Message For those of you who made it to the CABI 2015 Annual Meeting on January 21, THANK YOU for coming and making our meeting a success!   Choose where you would like to get more involved and make a difference: For Colorado Businesses, for CABI, and For You! As your new CABI President for 2015, let me share this:  We have an exciting year ahead for us! CABI PLANS FOR 2015 AND BEYONDBroker Education + … [Read more...]

CABI 2015 Spring Conference, March 11, 2015

    (Make Payment Below) Conference DetailsCost: Members $99 / Non-Members $149 Date: Wednesday, March 11, 2015 Time: 7:00 a.m. to 5:00 p.m. Location: Glenmoor Country Club 110 Glenmoor Drive Cherry Hills Village, CO 80113 303-781-3000 Map & DirectionsConference Agenda7:00 a.m. to 7:45 a.m. - Registration/Continental Breakfast 7:45 a.m. to 8:15 a.m. - Welcome and Introduction 8:15 a.m. to 9:30 a.m. - Workshop - More, Larger Colorado Transactions For CABI Brokers Presented By - Ahad … [Read more...]

Why Sell Your Company?

Selling one's business can be a traumatic and emotional event. In fact, “seller's remorse” is one of the major reasons that deals don't close. The business may have been in the family for generations. The owner may have built it from scratch or bought it and made it very successful. However, there are times when selling is the best course to take. Here are a few of them. Burnout – This is a major reason, according to industry experts, why owners consider selling their business. The long hours … [Read more...]