Déjà Vu All Over Again? Business Owner: 3 Actions to Take.

Yogi Berra was credited with saying, “It’s like déjà vu all over again.”  The market rout this afternoon (Tuesday, August 25, 2015) felt a lot like 2008.  How should a business owner react? While the 2008 crisis was triggered by credit issues in the United States, today’s crisis trigger is China and a plunge in commodity pricing.  Some of the commodity price pressure was also caused by a China slowdown, so at least for now, China is the epicenter of the crisis, rather than the US. If you are a business owner considering selling some or all of your business, or if you want to raise equity or debt capital, what does this mean to you?? If we go back and look at a variety of financial calamities, there is one common denominator.  Whether it is the Russian debt crisis, the Asian currency crisis, the 1987 market meltdown, or the …

Greece: Potential Implication to Selling Your Business

If you’re like me, you’re tired of hearing about Greece and how this tiny part of the EU is upsetting equity and debt markets worldwide.  But if want to sell your business in 2015 or 2016, then you need to be alert to what’s happening beneath the headlines. As I write this today, the equity and debt markets are the strongest and most available since early 2007.  Private equity and corporate cash is at record levels and we are seeing more interest in good deals than perhaps at any time in the last 10+ years.  Debt is plentiful, cheap and relatively easy to get.  Prices are at or near record levels for private companies. Simply put … this may be the best time in at least 10 years to sell. But that could change in an instant.  If we take a look under the covers of the financial markets and …