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.
Eight converging factors behind the current wave of M&A activity, from deal overhang and excess dry powder to low rates and fears that taxes will rise before owners exit.
Selling while labour shortages strain operations is not automatically the wrong call. The signals that argue for selling into the pressure versus waiting it out.
Eight financial gaps to fix 24 months before selling, from unorganized records and thin recurring revenue to owner dependence and unresolved tax liabilities.
As rising rates tighten buyer financing and pressure valuation, the signals that argue for selling now against the signals that argue for holding through the cycle.
Why sophisticated buyers look past EBITDA to return on invested capital. How two businesses with identical earnings can create very different amounts of value.