Here’s what’s new from Prometis Partners: Our topic for the month of March 2019 has been determining if your company is ready for sale. This is the burning question all business owners want to know the answer to. Is Your Business Ready for Sale? The question is straightforward. Unfortunately, we can’t give as direct an…
At Prometis Partners we always advise our clients to begin preparing for the sale of their businesses well in advance of when they want or need to put them on the market. The additional time will allow them to evaluate and fix any weaknesses their companies have so they will be as attractive to prospective…
According to surveys, up to 79% of business owners plan to exit their businesses within the next 10 years, with more than half saying they want to exit within the next five years. However, many business owners fall into the trap of the “rolling five-year exit plan,” in which owners constantly reset their exit dates…
MiMfg Magazine featured Vincent Mastrovito in its February 2019 edition talking about the intersection of manufacturing and employment. “Manufacturing has kept Michigan from economic collapse during the toughest times and elevated it to a global leader during good times, but the relationship between a business and a community remains delicate. One facility closure can result…
Last month, when we discussed the concept of intellectual capital we asked the question: “What makes a business valuable to potential buyers?” This is the most important question for most business owners who are considering transitioning their companies. Their business is a very large financial asset. For many owners, it’s their biggest and most important…
For business owners, the idea of exiting their businesses, which for many owners define their professional lives, can seem like a gigantic undertaking. They ask themselves, “How can I possibly do all of this? Where can I go for help, and what do I need to know?” These questions are perfectly normal to ask as…
Here’s what’s new from Prometis Partners: Our topic for the month of January 2019 has been intellectual capital – how business owners can understand it, why it matters, and how they can increase it in the intellectual capital of their own companies. What is Intellectual Capital? What makes a business valuable to potential buyers? What…
What makes a business valuable to potential buyers? What factors increase a business’s valuation? These questions are at the core of transitional planning. Tangible assets, the physical property the business owns, is only one factor of what makes a company valuable. This is not even the most important factor. Intellectual capital is the intangible value…
