Karl wrote Selling Your Canadian Business: A Step-by-Step Guide to Maximizing Value and Securing Your Legacy because he saw too many business owners making preventable mistakes that cost them millions of dollars and years of regret.
Why a management team needs an independent valuation to price a buyout when an older generation of ownership decides to divest, and what the valuation actually covers.
A marketed sale can lift price 20 to 50 per cent over a single-buyer deal, while a direct acquisition closes faster but can settle 10 to 30 per cent lower. How to choose.
Only about 30 per cent of family businesses reach the second generation. The succession paths available when your children are not interested in taking over.
How private equity, search funds, strategic buyers and family offices approach a purchase differently, and what to decide about your own post-sale role before choosing among them.
Selling as a trade war looms is not automatically the wrong move. The signals, rising sales or essential goods, that argue for selling now versus waiting it out.