While planning for retirement is a fun part of the succession planning discussion, we must also cover the less pleasant subject of planning for an untimely death. Most of this information also applies to a permanent disability as well. According to Forbes, three out of five business owners are left vulnerable to consequences of an…
DetailsThe best time to have a succession plan in place is the day you start your business. If you do not already have a succession plan in place, today is the day. While many business owners believe getting started is difficult, it is quite simple. The majority of people think it can wait because it’s…
DetailsYou may know what business succession planning is but do you know why it’s important? It’s January 5th and I get a call from a client who wants to sell their business. They had a great holiday break and decided they no longer want to run their business. They do not want to deal with…
DetailsFrom the day you start your business, you are focused on both present and future growth. However, many people never think of life after the business or succession planning until it’s too late. How do you know it’s too late? Typically, business owners don’t start thinking about this until a major life event occurs, they…
DetailsAs a small business owner, it is important to stay in-the-know about current events that may impact you. Here are over 30 resources to help.
DetailsThe merger and acquisition process can seem daunting to someone who has no experience and isn’t working with a broker. Over the years we have heard a number of horror stories and have compiled the following list of the top 10 mistakes in mergers and acquisitions:
As you look to purchase a business make sure you are doing it for the right reasons. Don’t just say, “I want to get rich.” That way of thinking probably won’t cut it, unfortunately. You need to make sure you have wisdom, passion, and a solid plan for your new business. Do your due diligence! There are…
DetailsJohn Bly, CEO of LBA Haynes Strand, is on Corey Kupfer’s Fueling Deals Podcast today sharing his deal-making strategy. “It wasn’t until my fifth acquisition that I ran into trouble. I enjoyed sharing my story and the importance of research with Corey,” describes John. Listen to the full podcast episode by clicking this link! The Fueling…
DetailsBusiness Owners need to learn how to properly delegate roles in order to create a sustainable business. We have seen instances where business owners, who have worked as an “army of 1”, leave their business or retire and the value of the business leaves as well. If you really want to make a difference in your employees…
DetailsWe are excited to announce a new division at our firm – LBA Haynes Strand Capital Advisors. John Bly, Co-Managing Member of LBA Haynes Strand, PLLC, had this to say about the announcement: “Since the firm was established, LBA Haynes Strand has been an active participant in the M&A marketplace. Our firm itself has successfully merged…
DetailsAre you considering acquisition as a way to begin or expand your business? There are a number of reasons why it is one of the best times to acquire a company: 1. Supply and Demand As The Baby Boomers are exiting their companies – there are lots of sellers, but there are not as many…
Details
