A founder was so focused on his product and making it the Lamborghini in his market niche that he ignored what the market looks for when acquiring a business. While he was able to make his product really powerful, this didn’t do him a lot of good because what was important to him wasn’t necessarily what buyers were looking for in his type of business.
An entrepreneur too focused on tax avoidance and deferral costs more money than saved in taxes.
Two founders increased the value of their business over $16M in net proceeds simply because they asked for advice and then they followed that advice.
Three partners that were at different ages and over time their goals and objectives changed, but were still able to resolve this and get what they needed when selling the business.
Hank Nelson
Monadnock Advisors
Quincy, Massachusetts
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The post How Focusing Too Much on Tax Avoidance Cost One Family Their Inheritance 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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