The swift transition to online orders and home delivery marks a turning point in the paradigm shift of digital brands wherein e-commerce is not only a viable alternative to traditional brick-and-mortar business but is necessary for every business Consequently, many entrepreneurs are either breaking into the e-commerce space for the very first time or are working to drastically improve their online engagement. Whatever stage you’re in, it’s important to acknowledge that getting online is only half the battle. Building and maintaining an effective online brand is an ongoing task that requires consistent effort.
The current situation has accelerated the paradigm shift of digital businesses and brands. As more people transition to online shopping, e-commerce will present further opportunities to grow both during and after this crisis has ended.
As we enter the second full week of May, collective outlook regarding the COVID-19 pandemic is decidedly optimistic. Municipalities around the globe are formulating strategies to reopen businesses and government-sponsored recovery efforts have aided in stabilizing the financial markets.
Business owners across the U.S. are seeking answers amidst mandatory closures and shelter-in-place orders issued to combat the spread of COVID-19, or the Coronavirus. Our firm is continuously monitoring reports from various financial sources and news outlets as well as government agencies to help you anticipate and prepare for changes to come, and we’ve highlighted the most important developments going into the first full week of April 2020.
Recently, business owners and consumers alike have been overwhelmed with news concerning the novel coronavirus, or COVID-19. The sheer volume of reports, both factual and speculative in nature, is a direct result of a collective desire to understand how severely the pandemic will impact our daily lives as we journey into uncharted territory for the first time in modern history. Experts at J.P. Morgan predict the coronavirus will have a more devastating impact on Q2 2020 than anything the U.S. experienced during the 2008 financial crisis.
You’ve embarked on an epic journey to sell your business, an endeavor which requires time and dedication, as well as financial resources. After spending the time to gather and review the necessary financial records, organize business filings, provide what is needed to develop marketing materials, and work with prospective acquirers, you feel quite accomplished as you should. But it’s not over yet. No, even though you’ve come a long way already, there’s still a long way to go. Due diligence must be completed before you can close the deal. This process will have a material impact on the deal terms and the overall outcome of the transaction.
Selling a business is a complex endeavor that requires a lot of paperwork. What’s more, once all the marketing materials are created, the financials are in order, and a prospective acquirer has signed a Letter of Intent, parties must go through the process of due diligence. All the information presented by you, the seller, must be vetted by the prospective acquirer prior to completing the purchase
True advisors have a wealth of experience in investment banking and private equity, spending their careers continuously cultivating an expansive network through their relationships with contacts, colleagues, and counterparties. Reputation is critical when selling a business and it often comes down to who you know; only a professional M&A Advisor can help you secure the highest possible value at a sale.
After several years of successfully operating your business, you likely have a keen sense for what works when it comes to driving growth. In fact, you may have discovered that many of the initiatives you introduced to improve efficiency and increase revenue have also added value to the business as a whole. Building a business with an exit in mind is always advantageous, particularly if you are at or nearing an important benchmark in the life cycle of your company. Moreover, executing an effective exit strategy is critical to achieving your goals, whether you want to launch a new venture, retire early, or simply spend more time with your friends and family.
You can certainly pursue the sale of your business without representation, but you will likely not achieve an optimal outcome. The rewards seldom outweigh the risks involved with your life’s work at stake, and there are many factors that you will likely be leaving to chance. Much as a lawyer can get you a better deal in court, a professional Mergers and Acquisitions advisor can guide you through each step of the sale to secure the best possible deal for you in a sale. If you do choose to proceed without representation, it is critical to understand the business sale process, especially if you are representing yourself in the transaction. In addition to gathering the relevant paperwork, there are things you can do to add value and put more money in your pocket.