Selling a business is often a confusing and difficult process, and most business owners only do it once in a lifetime. Very few go through the process enough to really become comfortable with the ins and outs of selling a company successfully. Writing directly to business owners, here is my list of the top five major mistakes that you absolutely must avoid when it’s time to take an exit.
Publications
Frequently, when it’s time to take an exit, business owners will reach out to someone they know – a vendor, a customer, etc. and put together a deal to sell their business. That’s what business owners do, they put deals together. It makes sense on the surface, but the results are often disappointing. We recently
Headlines Summit Advisory Brokers Another Major Deal New Website Launched for Summit Advisory How Tax Reform Will Boost Middle Market M&A How Tax Reform Will Boost Middle Market M&A The reduction in corporate tax rate from 35 to 21 percent will give strategic buyers more cash to spend on acquisitions. This legislation contains several provisions
Record-breaking numbers of Mergers and Acquisitions were reported in 2017. In addition, last year marked the third straight year with over 50,000 M&A transactions announced worldwide. Over 500,000 M&A deals were recorded in the last eleven years, more than in any such period in recent history. This trend is expected to continue in 2018, with
Summit Advisory Inc, a Lancaster based M&A firm, was the exclusive representative for the seller in a large pet food transaction. The attached was released today from Simmons Feed Ingredients about their acquisition of Pet Poultry Products. Summit led the transaction after researching and reaching out to hundreds of targeted potential buyers. Summit received Non-Disclosure
By Jessica Aiello, Contributing Writer Retailers are closing hundreds of stores across the country — and in Central Pennsylvania — as more purchases are made online rather than in brick-and-mortar stores. But it is not just national retailers that may be hurting and needing to sell all or pieces of their business. “Buyers buy for the
HEADLINES
Deal-makers Forecast Uptick in Lower-Middle Market M & A in 2018
Workplace Financial Wellness Program
Recommendations for Charitable Contributions Made by Business
By Jessica Sprajcar Aiello, Contributing Writer Can the mergers and acquisitions market be timed? “If anyone could predict when the best time to sell a company is,” said Ronald Myer, President of Summit Advisory Inc. in Lancaster, “there wouldn’t be fluctuations in the stock market.” Read more about what Ronald Myer and other professionals in
HEADLINES
Small Business Owners Are Retiring and Millennials May Not Fill The Gap on America’s Main Street
Manufacturing Firms Top List of Lower Middle-Market Businesses Bought in Q2 2017
How to Regain Control of the Family Business When Siblings Fight
Headlines Top Retirement Strategies: Small Business Owners First Half of 2016 Small Business Transactions Up Slightly Over 2015 Jobless Claims Fall 4,000 to One-Month Low of 262,000 Top Retirement Strategies: Small Business Owners As a small business owner, you are completely responsible for your own retirement planning. Unless your small business is just a side