There are two main types of buyers when it comes to selling your business. A strategic buyer acquires another company in the same business to capture synergies so that the whole becomes greater than the sum of the parts.
A financial buyer is a type of buyer in an acquisition that is primarily interested in the return that can be achieved from the acquisition.
Not all Businesses can be sold as Strategic, but if you have the option it may be the better reward, please check all the pro’s and con’s here, or contact us for a discussion, as the way you prepare for an eventual exit makes the transition easier.
Changing Your Approach- Apprenticeship Program
As the Market for Talent and Workers becomes more challenging, think about starting your own apprentice program.
By creating an apprentice program, it will ensure your continued success well within the future and if approached correctly, it will enhance your competitive advantage.
Mastermind Groups, it’s a buzzword that has its roots as far back as Henry Ford. He formed one with Thomas Edison, Dale Carnegie, Harvey Firestone, Charles Wrigley, William Hertz and Graham Bell, to engage in conversations that gave him viewpoints and intellectual exchanges outside of his scope of work. Interested? Broad Insights would like to learn from you if that is an interesting idea, and we would be pleased to entertain such Groups on a regular schedule? Let us know.