Jim Zipursky

Want To Buy My Hockey Stick?

Continuing our subject of The Right Time To Sell Your Business, in this month’s article, we talk about Hockey Sticks and Selling Your Business. What do hockey sticks have to do with selling businesses? More than you realize. As I have discussed previously, business owners usually
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Potential Deal Killer: Working Capital Adjustments

As discussed in previous articles, there are lots of different factors which can kill a deal, most of which can be easily avoided. One potential deal killer which can always be avoided is the Working Capital Adjustment (“WCA”). What is a WCA? First, we need to define Working
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Do Your Diligence Before You Go To Market

In previous articles, we discussed valuations, buyer types, mistakes buyers and sellers make, and deal killers. Many themes permeate the M&A process, but one of the most misunderstood is Due Diligence. What exactly is “Due Diligence” as it pertains to deals? We hear the term
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The Challenges of Selling to Buyers Outside the USA

As mentioned in last month’s article, we have seen an increase in interest for our seller clients wanting to sell to buyers based outside the USA. We reviewed the characteristics and types of companies foreign buyers would like to acquire in the USA. In this month’s article, we
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Foreign Buyers: Myth or Reality?

Strange as it sounds, a new American dream for many business owners is to sell their companies to foreign buyers. There is just something so exotic and romantic about the idea of selling your company to the highest bidder from France, England or China. However, is it logical or
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5 Biggest Deal Killers

In last month’s article, we concluded the three-part series on the Biggest Mistakes Buyers Make. In this article, we examine the 5 Biggest Deal Killers.  Deal Killer #5: Misunderstanding Risk  Any transaction involves a certain amount of risk for both buyer and the seller. The
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10 Biggest Mistakes Business Buyers Make Part 3 of 3

In previous articles, we discussed mistakes #1 to #6 of the 10 Biggest Mistakes Buyers Make when acquiring businesses. In this article, we examine the final four mistakes buyers make when buying businesses.  Mistake #7: Negotiating too soon  Deals are a lot like courtships. Most
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10 Biggest Mistakes Business Buyers Make – Part 2 of 3

In last month’s article, we discussed the first three of 10 biggest mistakes buyers make when acquiring businesses. In this article, we examine mistakes #4 to 6 of the 10 Biggest Mistakes Buyers Make when buying businesses. Mistake #4: Not having a defined acquisition budget Just
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The 10 Biggest Mistakes Business Buyers Make Part 1 of 3

In the last series of articles, we examined the “10 Biggest Mistakes Business Sellers Make” when selling their businesses. This month, we begin a new 3-part series by considering the other side of the merger/acquisition equation: the “10 Biggest Mistakes Business Buyers Make”
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The 10 Biggest Mistakes Business Sellers Make: Part 3 of 3

In last month’s article, we looked at mistakes four to six of the “10 Biggest Mistakes Business Sellers Make” when selling their businesses. This month, we finish the series by considering the final four mistakes sellers make when selling their businesses. Mistake #7: Hiding
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The 10 Biggest Mistakes Business Sellers Make: Part 1 of 3

So you think you want to sell your business? Before you speak to a buyer, before you sign an engagement agreement with a broker or Investment Banker, or before you even consider accepting an offer to sell your business, you need to ensure you are properly prepared to move
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