Many businesses suffered badly due to the economic restrictions and contraction of business activity related to the virus panic of 2020 and 2021. Many businesses failed during this time or
You’ve been approached by someone interested in buying your business. This is an exciting opportunity that shows how much value your company has gained. At the same time, while you
As we roll right past the fourth quarter and into 2022, you may be starting to consider a re-evaluation of your business goals for the new year. Given how the
When was the last time you calculated the percentage of your net worth tied to your company’s value? When you started your business, its value was probably negligible. Unless you
Business Valuations are vital to acquisitions, but there can be significant variation depending on the calculation method. It’s important to understand the differences.
You’ve likely heard the adage that it is far easier to cross-sell an existing customer a new product than it is to find a new customer; And if your goal is to grow at all costs, then cross-selling can make a lot of sense. However, all of that sales growth may not do much for the value of your company. If you cross-sell your existing customers too much stuff, it could make your business far less valuable.
In this blog, Maxima takes a look at some hidden dangers of cross-selling, and how an M&A expert at Maxima can help you navigate this tricky topic.
Why did you decide to become an entrepreneur? If your goal had been to create a business that can thrive without you, you would likely make very different decisions, avoiding that central role in operations. We take a look at the importance of a business’s independence from its owner through the metaphor of thinking of your business as a child, and how your role is to guide him/her into becoming an independent, thriving adult — without you.
How’s your workload these days? Since the pandemic many owners are finding themselves in the weeds of their business, which is neither healthy nor good for the business. Now is an excellent opportunity to retool your company so that it can start running without you again. These three steps should help.