John Bly, CPA, CVA, CM&AA, CGMA joined host Kerri Salls on Exit This Way™ to discuss current trends in Mergers & Acquisitions from an accounting viewpoint. He took the time to explain why every business owner should be ready ‘at any time’ to buy or sell a business by merger or acquisition.
Selling or acquiring a business can be a complicated situation. Just as there are successes in M&A, there are also failures when it comes to M&A. We have created this blog post to help you learn what you can do correctly and how you can learn from other's mistakes when selling or acquiring a business.
The typical business owner sells one business in his or her lifetime. On the contrary, corporate strategic buyers often acquire multiple businesses every year, and financial buyers can be even more active. Unfortunately, inexperienced sellers make mistakes that buyers can capitalize on.
John Bly, Co-Managing Member of LBA Haynes Strand, was recently a guest on The Experience Pros Radio Show out of Aurora, CO. The Experience Pros Radio Show is hosted by Angel Tuccy and Eric Reamer and is labeled as "The Most Positive Business Talk Show In America." This radio show has been around since 2009, winning numerous awards for their business interviews and ability to create an informative and entertaining radio show for business owners.
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There are many reasons why the owners of a business may consider selling it. The most obvious of which is because businesses, like any asset, are valuable. Like many things of value, there is a market for the trade of companies - a market where people with different expectations for the future will value the same company differently, thus enabling a buyer and seller to come to a mutually agreeable "trade."
When preparing your business for a merger or an acquisition, it is important to first understand why. Why are companies looking to merge with or acquire another company? You need to understand the motives behind the deal, so that you can be prepared and not get lost in the M&A shuffle. LBA Haynes Strand has found the following six reasons to be the top reasons for mergers and acquisitions in today's marketplace.
When you share your company's vision with others - opportunities open up. LBA Haynes Strand got the idea of creating a "Painted Picture" from Cameron Herold during a speech he gave several years ago. He urged entrepreneurs to envision that "painted picture" of what their world would look like in three to five years. We took this to heart and created our "Painted Picture", that had our firm almost doubling in size in that time period, and having multiple office locations.