You have done some research, reviewed the 2 page “teaser” summary and think the price makes sense. What are the steps you need to complete to both evaluate the opportunity and determine how the company will perform if you buy it?
CHICAGO, IL (PRWEB) May 04, 2016
Great companies fail for lots of reasons that have nothing to do with the product or service they are selling. Turning an idea into a business is hard, often because the creative entrepreneur with the great idea does not have the same level of skill, training, experience, and passion in the other critical areas required to make a product into a successful company.
These areas include knowing how to attract and retain people, understanding accounting and finance, and being able to negotiate various contracts - including potentially a contract to buy a competitor or, ultimately, to even sell the business.
This Financial Poise™ Webinar series covers some of these topics, as always, in plain English. As with all Financial Poise™ Webinars, each episode in the series is designed to be viewed independently of the other episodes, and listeners will enhance their knowledge of this area whether they attend one, some, or all of the programs.
Episode #4 of the BUSINESS ADVICE - FROM START UP TO SALE 2016 series is "Legal and Practical Advice - Roadmap to Buying a (Competing) Business" airing on May 11, 2016 at 2pm CST (Register Here). Moderator Michael Schwarzmann of Crowe Horwath will be joined by Trisha Lotzer of Lotzer Law Group, Lynda Davey of Avalon Net Worth and Matt Schiff of Sugar Felsenthal Grais & Hammer.
You have identified an opportunity to acquire a business or product offering, and are excited about the prospect of taking over operations (and perhaps merging the company with your existing company). You have done some research, reviewed the 2 page “teaser” summary and think the price makes sense. What are the steps you need to complete to both evaluate the opportunity and determine how the company will perform if you buy it? Are there key employees, relationships, or customers you must make sure stay in place? How do you negotiate price? What will you transition plan be to fold the new business into yours? This Financial Poise™ webinar gives you some real world tips of things to consider and evaluate before considering the purchase of another business.
ABOUT FINANCIAL POISE™:
Financial Poise™ provides unbiased news, continuing education, and intelligence to private business owners, executives, investors, and their trusted advisors. For more information contact Emily Goldin at egoldin(at)financialpoise(dot)com or 312-469-0135.