Thanks to Kirk Kaiser for contributing this post to The DVS Group blog. He is an owner of Barrier Technologies. He founded the company in 2008 with Jaye Sieland. Barrier Technologies is a national containment contractor that specializes in preventing the spread of fire, smoke, sound, water, and infection in buildings. Here are his top tips for business owners considering selling.
Jeff Hutsell sold his company, Levels of Discovery, in 2013. Recently, we interviewed Jeff to find out what he recalls about the process and what advice he has for others.
Is business ownership a valuable experience?
Read the story of Robert Drumm, a DVS Group client, to find out.
Lawyer, brewer of beer, writer, dad, husband – all words used to describe Robert.
In 2013, he was ready to add one more role to that list – business owner. Read more
Investment banking done by humans,
not “investment bankers.”
In an industry that’s known for being stuffy, arrogant and all about the numbers, we believe humans matter. Read more
We like being a “boutique” merger and acquisition firm.
Bigger isn’t always better.
But, boutique doesn’t just mean small. Read more
Your definition of success matters when getting a deal done.
For most of our clients, success isn’t the most money but the most right money. It’s about fit.
Take Randy Edge, for example. Read more
“What do M&A advisors do?”
I find that people are often confused about what I do as an advisor at a mergers and acquisitions firm. If you search for an answer about what people within the industry do, you are inundated with posts about dog-eat-dog competition and long hours. Well, turns out, it’s possible to care about other people and get home to your family for dinner as an M&A advisor. Here’s a peek into a day in my life: Read more
Use the following definitions to get accustomed to the lingo of the Small Business Administration (SBA).
“Which industry is best for
my business acquisition?”
Whether you are a corporate or individual buyer, one of your first questions in the process is likely that question.
Let me tell it to you straight – no industry is the best industry.
And I’m not just saying that so I don’t hurt any of the industries’ feelings.
You may have preferences and some industries may be better than others but, speaking from experience,
there is not a golden ticket industry that will take you to the chocolate factory of ideal businesses.
“I got an unsolicited offer on my business. What do I do?”
Not many things are more overwhelming or intimidating than when a business you respect approaches you asking that you consider selling your business. Whether you’re ready to sell or not, there is a rush of emotions: fear, excitement, trepidation, pride. Every fiber of your being wants this to work out for the survival of your business, for your employees, your family, your legacy.
How does the SBA 7(a) loan program compare to a conventional bank loan?
The Small Business Administration (SBA) has many resources for business owners. Money is one of them – certainly enticing for anyone looking to start, scale or shift directions in their business.
Are you properly settled in for the ride as a Blue-Chip Executive on the journey to buy a business?
The journey can be long and arduous, and you might get lost and never arrive, or crash on the way, or get distracted, or wind up at the wrong destination.
So, as you’re buckling your seatbelt, examine the ways your journey to buy a business could get derailed and then, take our tips to heart – they will help you stay on track.
Jason Andrews, current owner and CEO of GroupSource Group Purchasing, had spent much of his career in the medical device space. He had a lead sales job managing a remote team in a large geographic area. Jason’s job required a lot of traveling. He was expected to be continually growing and building the company for somebody else, for those above him in the hierarchy. He was ready for a change.
Most of us have a desire to make an impact, do social good, make a difference, contribute. Business owners have a unique opportunity to do that in ways that ripple beyond their direct sphere of influence.
Take a look at the statistics below about small business in the US, the individuals it impacts and the community that benefits.