Resources

If You Own a Profitable Small Business, You'll Make More Money by Not Selling

In 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. ...

Our Dynamic Labor Force

The U.S. Department of Labor releases monthly employment information, and these reports have received quite a bit of attention in recent...

The American Consumer

The American consumer is doing pretty well — or at least that was the case in from March to December 2022, when the Federal Reserve Board...

The Impact of Rising Interest Rates on M&A Activity

The recent rise in interest rates has had a significant impact on M&A activity over the past 12 months. The higher cost of borrowing has...

The Right Time to Sell Your Business

By 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...

What is EBITDA and Why is it Used by Financial Professionals?

EBITDA — earnings before interest, taxes, depreciation, and amortization — is a measure of a company's operating performance that is not...

SBA 7(a) Update — Partial Changes of Ownership

U.S. Small Business Administration (SBA) offers a number of loan programs to support the financing of small businesses. For those...

Working Capital’s Role in the Sale of a Business

By Keshav Narendra-Babu Working capital is the operational liquidity of a business or the capital need in order to run the business,...

Sea Change

Chair Powell answers reporters' questions at the FOMC press conference on May 3, 2023. Federal Reserve Photo, Public Domain. In his memo...

What 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...

Luck versus Skill

By Lindsey Rust What role do skill and luck play in our failures or successes? Skill, defined as the ability to apply knowledge readily...

Five Questions to Ask a Business Broker

Business owners interested in selling their companies often turn to business brokers, investment banks, and other intermediaries for...

How 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...

Who 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...