1 minWhat Add-backs are Reasonable?The above pair of photos has been circulating on Twitter and are meant to depict Adjusted EBITDA versus Cash Flow — the suggestion being...
2 minSelling a Business May Be Getting A Lot More Expensive — or will it?UPDATE (December 28, 2021): Contrary to earlier indications, attempts to nearly double the capital gains tax for high income earners is...
2 minLuck versus SkillBy Lindsey Rust What role do skill and luck play in our failures or successes? Skill, defined as the ability to apply knowledge readily...
3 minThe Right Time to Sell Your BusinessBy Deven Desai You may be thinking: Why should I sell my company when I have grown and built it from the ground up with years or decades...
2 minWorking Capital’s Role in the Sale of a BusinessBy Keshav Narendra-Babu Working capital is the operational liquidity of a business or the capital need in order to run the business,...
3 minHow Well is the U.S. Economy Really Doing?UPDATE (January 1, 2021): The Small Business Pulse Surveys, which the U.S. Census Bureau discontinued in June 2020, resumed in August and...
2 minIf You Own a Profitable Small Business, You'll Make More Money by Not SellingIn almost all cases, the most value-enhancing course of action for the owner of a small business is to stay the course and not sell. ...
2 minChallenges Predicting the Path of the Economic RecoveryBy Will Zimmermann It is incredibly hard to predict the future, especially the future of the economy. How would I have predicted the...
2 minFive Questions to Ask a Business BrokerBusiness owners interested in selling their companies often turn to business brokers, investment banks, and other intermediaries for...
3 minHow Much Could You Sell Your Company For?UPDATE (January 1, 2021): Linked new Pepperdine Private Capital Markets report and updates to the text. Business owners often wonder how...
3 minWho Buys a Company?There are a number of different types of buyers out there who might be interested in acquiring your company. These different types of...