Practicing Entrepreneurship Through Acquisition
In the last decade, computer science professor Cal Newport wrote a book about building career capital and why this is such an important endeavor. Newport’s thesis essentially states that a person will not find a satisfying and meaningful career until they master practical skills translatable to that career. The idea is also that instead of
Which Kind of Business Would I Buy Today? Business acquisition activity has been breaking records over the past few years, leaving many serious acquisition entrepreneurs wondering: what business should I buy? We are in an interesting time. There are massive shifts going on in terms of our demographics, consumer preferences, and how goods are moved
A merger and acquisition (or M&A) occurs when a company or assets are purchased or consolidated. This happens through financial transactions, which could be a merger, an acquisition, a consolidation, a purchase, or some variation or combination of these, which ultimately concludes with a new leader or parent company. While you may think that M&A
Lately, given the current economic marketplace, many people have asked: “Walker, what do you think about the economy? Is it a good time or a bad time to buy a business?” It is true, interest rates are increasing but from my experience – There is never a bad time to buy a good business! Interest
Embarking into acquisition entrepreneurship is an incredible risk that offers significant financial and personal payoffs. For those with the proper disposition, a keen eye for spotting potential, and a mind for numbers, acquisitions entrepreneurship (AE) can be the adventure of a lifetime. But how do you get started as an acquisition entrepreneur? First
https://vimeo.com/476845390 Buying a new business for the first time can be an exciting new venture. Acquiring a business instead of starting one from scratch inherently carries different risks but higher likelihood of success because you can already look at the business cash flow, its assets, operations, and profits before investing your time and money in
After you have successfully bought a business, you need to have an appropriate amount of working capital to maintain the everyday operations. Working Capital is defined as the amount of cash required to operate a business efficiently. I think it’s important to note that working capital can be something that your financial due diligence team supports as
One of the biggest conflicts that exist within transactions is the type of deal you’re doing – asset sale or stock sale. Buyers typically prefer assets and sellers prefer stock sales. The key for any acquisition entrepreneur is understanding the big differences between both these types of sales. In this piece, I’ll help you navigate
If you are looking to acquire a business, the first thing you need to consider is the value of that business. There are many metrics that can help you determine the company’s health before acquiring it. These may include financial history, management, owner’s involvement, customer diversity, competition, relationships, and sustainable growth in revenues. While financial
Apply to the Acquisition Lab One of the largest pieces of the acquisition entrepreneurship puzzle is financing. Most acquisitions cannot be done without some component of debt being introduced. That being said, there are a variety of shapes that this can take but the focus of this article is talking about what I’ve learned in
