Scott Abbott started Five Star Painting in 2004, when he was 18, and sold it in 2015 to Neighborly, when it became the eighth brand under the home service franchisor’s umbrella. Today, Neighborly is owned by mega-private equity firm KKR and has 29 home service brands and more than 4,800 franchises in nine countries.
And Abbott himself, now 46, launched in November his own portfolio company,...Read More
When you’re trying to sell your business, the last thing you want is to waste time dealing with buyers who aren’t qualified and are unlikely to actually make a purchase. After all, you will not want to reveal details about your business to someone who may be looking to take advantage of the situation. Let’s take a closer look at how you can weed out legitimate buyers from those who are just...Read More
Many business owners are emotionally attached to their businesses, and it is easy to understand why. Typically, business owners invest not only a considerable amount of time and money into their business, but a good bit of themselves as well. Owning and operating a business often becomes part of one’s identity. However, the fact is that no one will work forever, as retirement eventually comes...Read More
Over two-thirds (66.2%) of entrepreneurs who agree or strongly agree that “now is a good time to start a business” in October 2021, down from September’s high at 73.4%. Aspiring owners who anticipate starting their businesses in the “next month” dropped to 16.2% in October 2021, in contrast to the record 36.1% seen in the prior month.
But one of the most remarkable...Read More
There is a considerable difference between determining the value of a privately-held company and a publicly-held company. Topping the list of considerable differences is the fact that privately-held companies do not have audited financial statements. Let’s look at how the owners of privately held companies should proceed in establishing a reasonable price for their company.
An audited...Read More
BizBuySell’s Insight Report is filled with key statistics and information on a range of topics, including the labor shortage and hiring problems that many businesses currently face. Visit BizBuySell for more information about the findings that they recently reported for the third quarter of 2021. This website also offers an archive of past quarterly reports dating back to 2013.
The pandemic...Read More