Spring Cleaning is Good for Business
May is a good time for spring cleaning, especially at your business. It is a good time to look at your business as though you were in the throes of due diligence. Here are a few areas to consider. Inventory: Make sure your inventory records are up to date and accurate. Look at inventory like […]
Things to Consider in Transition Thinking
As a business owner, you have to consider the role you want to play in the business in the immediate future following a sale and how that could impact the sale. That’s why we try to meet with owners months or even years before they “pull the plug” and go to market. Sometimes growth strategies […]
Good Ideas From Shark Tank Deal
One of my colleagues in Cornerstone Alliance was front and center in a recent Shark Tank exercise. A business that had been sold was put in front of four potential buyer groups. Each analyzed the information presented and came up with a hypothetical indication of interest and value they would offer for the business. The […]
Looking at a Sale Through the Right Lens
Don’t get trapped in a limited vision I slipped on a pair of prescription sunglasses while driving recently. Immediately it was apparent that something was wrong. My view was blurry and out of balance. My first thought was fog or dirt on the lens. But in fact, one lens had fallen out on the passenger […]
Be Ready When You Are Ready
When a business owner says it’s time to sell, I ask, “How fast do you want to be out?” The answer I hear most is, “Yesterday.” But sellers underestimate how long the process takes. Once we sign our engagement agreement with the business owner, it takes about 9 to 12 months to sell. After that, […]
NH-Based Techinical Manufacturing Company Sold
Hampshire Controls has a bright future with new ownership. The company was recently sold by Diane Rush, owner and president, to Pillar Imaging and its leader Dr. Michael Pilon. Hampshire Controls has a bright future with new ownership It is amazing to meet and work with the owners of small companies producing incredible products. These […]
Perception vs Reality with Small Businesses
Sometimes the economic picture on the news seems inconsistent with what is happening for many business owners. Nearly every owner we speak to is out straight. Sometimes the economic picture on the news seems inconsistent with what is happening for many business owners. One of our key sectors for engagement is manufacturing in New England, […]
Manufacturer Sold and New Owner Expands It
BTS served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings in 2020. The company has grown substantially, doubling employment and adding capacity to boost future production. Business Transition Strategies served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings, making the local company part of a […]