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Strategic Wealth Designers
By RogerSamara May 24, 2016
Matt Dicken, your program at the Louisville Show opened my eyes.I am hooked on economics now.Knowledge is power.thank you,thank you! ...read more
Oxmoor Hyundai of Louisville
By JerriScott January 01, 2016
I have had to have my vehicle worked on at 2 different times. Both times I have went thru Steve Orndorff in the Service Department and he has seen that I get in and get out as soon as possible and making sure the job gets done right. ...read more
Oxmoor Hyundai of Louisville
By travelforever December 01, 2015
Joy Fisher (our service rep at Oxmoor Hyundai), really stuck with us. We have a 2008 Veracruz, and it developed a persistent drain on the battery. The car would periodically refused to start. After having it towed, the battery was replaced, and we were given the car again. Joy had Oxmoor tow it back two more times at their expense, and a mechanic eventually found the short in an alternator wire assembly. Oxmoor stood behind the service, and even provided a loaner car to me for the duration. We appreciate it! ...read more
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Insurance Service - Shelter Insurance
You can get life insurance does not have to be hard. The Shelter Express Termâ„¢ policy simplifies the process. If the winter weather sends you sliding, make sure you have the right amount of collision coverage. From jewelry to antique guns and golf equipment, we have just the coverage for you. We can help you that how to set clear goals and how an action plan can help you achieve them. We also accept digital insurance cards. We cover Auto insurance, Home Insurance, Renters Insurance, Business Insurance, Life Insurance, Motorcycle Insurance, Boat Insurance, RV Insurance, Personal Articles Insurance, Farm Insurance, and ATV Insurance. ...read more
By Shelter Insurance - Michael Jeanes February 01, 2015
How To Sell a Business
How To Sell a Business In The Open Market Posted byBrian Mazar|Posted inHome. Tosell a businesssuccessfullyit takes much planning, experience and strategic positioning of a sale of a business. American Fortune’s marketing and advertising campaigns produce many inquiries. However, our goal is to insure that all marketing and advertising of businesses for sale is discrete and prevents anyone from identifying the name or location of your business. We carefully select and utilize local, regional and national media to advertise the sale of your business. Additionally we perform research and then target potential buyers with strategic marketing campaigns. Also, since we are recognized in the market for Mergers& Acquisitions and Selling of Businesses we receive numerous inquiries from Industry Buyers, Individual Buyers, Strategic and Industrial Buyers, Equity Buyers and Capital Group Buyers. How To Sell a Business To a Strategic Buyer Vs The Financial Buyer Financial buyers purchase your company’s future stream of profits, so their evaluation of your business’s worth focuses on your profitability-and the likelihood of those profits flowing into the future. Since buying your company is probably riskier than putting money in government bonds, a financial buyer will demand a higher return on investment and will therefore usually make an offer that is within the normal range of multiples being paid for businesses like yours.By contrast, a strategic buyer develops an offer by estimating the value of your business from a synergies perspective. The review and analysis that a strategic buyer does begins with imagining what would happen if your company were grafted onto it’s platform. Companies make strategic acquisitions for many reasons, but here are three key ones: 1. A company might make a strategic acquisition to pump new life into an aging cash-cow product.2. A company with a large, under-utilized sales force could buy your business so that its salespeople would have another product to pull out of their bag.3. Another reason companies make strategic acquisitions is to get access to a distribution channel. Often, gateway acquisitions happen when a company wants to enter a new geographic market with big cultural or language barriers and corresponding high costs of acquiring customers. Additionally, acquirers (buyers) typically pay the most for businesses with the potential to grow. How To Sell a Business From a Buyers Risk Vs Return Perspective The price a buyer (investor) is willing to pay for an asset relates to how risky he or she perceives the future stream of profits to be: the riskier the investment, the higher the return an investor will demand. Today, buyers (investors) can put their money into relatively safe bonds and get a few percentage points of return, or they can buy a balanced portfolio of big-company stocks and expect perhaps a seven or eight percent return over time.But when buying a relatively risky business rather than a balanced portfolio, buyers (investors) will expect a much higher return on their money. It’s possible that a buyer (investor) may be seeking as much as 50 percent return for buying your business because he or she deems your business and the future stream of profits to be very risky. When&How to Sell a Business&When to Hold Advice to Business Owners Nearly every business owner has heard that timing is important whenselling a business. It is well documented that the timing of external factors like changes in the economy, availability of funding, and the rise and fall of interest and tax rates can have a profound effect on the value and the ability tosell a business. One large of private business owners who are or will be contemplating the sale of their businesses are Baby Boomers. Many studies point to the fact that many of these business owners hope to sell their business on the open market in hopes of funding their retirement and enjoying the benefits of a lifetime of hard work. Baby Boomer business owners may find that selling their company at the right time could be a means to obtain the funds they need to maintain a comfortable lifestyle during their retirement years. With their retirement resources often riding on abusiness sale, we are encouraging Baby Boomer business owners to explore the factors that may signal the best time to sell their company. An uncertain economy, low interest rates, and favorable capital gains tax rates are definitely things to seriously consider when and how tosell a business. Considerations when Deciding: When & How to Sell a Business The decision to sell a business can be a difficult and emotional turning point for the business owner, and the motivation for selling is often complicated and subjective. Reasons include retirement, health issues, desire for liquidity, partnership disputes, diminished interest, lack of operating growth capital, and lack of suitable heirs, among others. Regardless of the reason, the decision to sell a business involves extensive planning and preparation in order to receive the best price and most advantageous terms. A business owner with a sound strategy for selling his or her business is often better able to realize an attractive value for the company than someone who enters the process unprepared. In order to sell a business successfully the process typically includes financial appraisal and a formal business valuation, marketing the business, locating a prospective buyer, structuring the transaction, managing the buyer due diligence, negotiating and closing the transaction and post-close transaction. Despite the importance of having in place a clear-cut plan when deciding to sell, according to a recent survey of small business owners by M&A Today, 65% of business owners do not know what their company is worth and 85% have no exit or succession strategy. Worse yet, many business owners come up with a price in their mind without any form of business valuation so that they could defend the selling price from a position of strength. Mistakes On “How To Sell a Business” The typical business owner sells one business in his or her lifetime. On the contrary, corporate buyers often acquire multiple businesses each year, and financial buyers can be even more active. Invariably, inexperienced sellers can make mistakes that buyers can capitalize on. Some of the most common mistakes include the following: Not knowing the value of the business– Private Business owners minimize profits to reduce taxes. Thus, their company’s financial statements often do not reflect the true profits and value of the business. As a result, many companies sold by their owners may be sold below market value. Using a multiple or ratio to set price– There is no single multiple or ratio that applies to all privately held businesses and much depends on the industry type. Each business is unique and requires a comprehensive review and analysis of the company, as well as a strong understanding of the dynamics of the Mergers & Acquisitions marketplace, in order to determine a credible and defensible market value. Selling a businessat the wrong time– Many sellers wait too long to sell a business, not understanding that one should sell a business when the market is ready. Conversely many business owners spend a lifetime building their businesses, only to sell their business hastily, failing to recoup the actual worth of their business. Trying to rush the sale of a business– Once an owner has decided to sell a business, they understandably wants the process to be over quickly. But preparation andselling a businessincluding finding a qualified and willing buyer takes at a minimum of 6 to 24 months or even longer. Negotiating with only one buyer– Although business owners may feel more in control when dealing with a single suitor, generating interest from multiple buyers can significantly increase the probability of selling a business at or close to the asking price. Not understanding the buyer’s motives– Rather than emphasizing the business’ growth potential, sellers often dwell on the past performance. Buyers, however, are looking for future revenue projections, return on investment, growth potential, and synergy. Inadequate documentation– Buyers expect documentation in the form of 3-5 years financials as well as documented procedures, policies and systems, including recast financial statements and five year pro-formas, backed by solid research and analysis that shows the potential of the business into the future. Assessing and negotiating offers– Businesses rarely sell for all cash at the closing with balance being in a form of seller financing, earnouts or stock in the acquiring company. Instead, terms are often structured and can have complex tax and legal implications. Sellers should be able to assess and negotiate the terms of the transaction from every angle: personal, legal, and financial. Trillions in liquidity are expected to be created over the next 10 years as aging Baby Boomers transition out of their closely held businesses to retirement. The three most common exit strategies are an outright sale of their business to a third party, recapitalization, or ESOP. The potential rewards of a successfulbusiness saleare great, but this complex and often time-consuming process should be expertly managed. It’s very critical that as a business owner you carefully consider the “When to &How to Sell a Business”. ...read more
By SOLO Business Sale July 14, 2013
Best Selling Infiniti Q50 Gives Louisville Customers More Than Ever
The Infiniti Q50 is now on sale and everybody is excited about it. Recently, Infiniti President Johan de Nysschen was interviewed about its launch. There is no doubt that the new Infiniti Q50, available at Sam Swope Infiniti, has everyone's attention! Read more by checking out the interview in the article below! http://infinitinews.com/en-US/infiniti/usa/channels/Infiniti-Corporate-News/releases/proving-the-q50 ...read more
By Louisville INFINITI May 24, 2013