An entrepreneur in a service sector identified a need where the sales, operations, and finance departments of his clients always seemed to be relatively inefficient. He conceptualized a customized solution that could revolutionize the service and hospitality industry. Little did he realize how perfectly his company would be positioned when COVID hit.
A young husband and wife team launched a business in the asbestos abatement industry, and again they benefited from have a business that was COVID resistant. Yet, they made crucial mistake.
A business owner that thought his landlord, and close personal friend, would renew his lease like he had multiple times over a 25-year period. Only to find out that money makes people, even close friends, do the unexpected.
A business that ran a tight ship and was organized which is unusual in the construction industry, because contractors are notorious for less than perfect operational, HR, and financial record keeping. When it came time to sell, right in the middle of Covid, the deal went smoothly when many other deals were struggling to get done.
Jay Offerdahl
Viking Mergers & Acquisitions
Charlotte, North Carolina
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The post People Get Funny When It Comes To Money appeared first on Business Exit Stories.
Pursuing Post-Exit Dreams & Hitting Pause On The Podcast.
How a Sales Price Went From 1X to 4X with the Stroke of a Pen
Part Two – Michael Richmond: What Happens When the Owners of a Company Don’t Know Why Their Company Was Valuable
Part One – Michael Richmond: Why a Company That Was Growing Exponentially Couldn’t Get Sold
Part Two – Linda Broom: Why a Business Growing By Leaps and Bounds Couldn’t Get an SBA Loan
Part One – Linda Broom: The One Thing You Can’t Forget When Selling a Business – If You Do It Can Cost You Big Time
Why You Shouldn’t Buy a $400,000 Ferrari Before Your Business Sale Closes
A Success Plan That Took a Business Worth Million to Zero
What Is Pre-Due Diligence and How It Can Make You Millions
How Two Partners in a Successful and Growing Business Managed to Take It to Zero When They Decided to Sell
How Skillfully Crafting A Story Regarding Your Exit Can Turn Your Biggest Loss Into The Reason Why A Business Is Sold
Why Certain Types Of Buyers Will Pay More Money For The Same Business
How an Entrepreneur’s Ego Took a Deal from $30M to $1.2M
How To Sell Your Company For Less Money But End Up Putting More Cash In Your Pocket
How Doing the Right Things Turned a $20M Sale into a $40M Sale
When Issues Surface in Due Diligence, You May Wish to Take A 2nd, 3rd, and 4th Look At Other Critical Aspects Of The Business
From Making Money as a Side Hustle to a $19M Business Losing Money
Going from a Meager Six Figure Walk Away Exit Offer to Millions Plus a Second Bite of the Apple on a Subsequent Sale
How An Entrepreneur Exited Their Business After A Cancer Diagnosis
How the IRS Can Kill a Deal Without Breaking a Sweat
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