We’re seeing immense seller and investor activity in the marketplace and want to share our top 5 reasons why owners are selling their businesses in 2021. 5. Low Interest Rates and Access to Capital As of the writing of this article, the US federal funds rate is at a 50-year low of 0.25%, which means it’s very inexpensive for investors …
Affinity Ventures Completes Another Trucking Company Transaction
Affinity Ventures is pleased to announce the completed transaction of DATS Trucking, Inc. based in Hurricane, Utah. Affinity Ventures acted as the exclusive merger & acquisition advisor. The transaction closed on March 19, 2021. This is the third successful transportation/logistics company transaction that Affinity Ventures has completed in the last 16 months. DATS Trucking is a regional Less Than Truckload …
There’s More to Business Than Money: Values-Based Goals
Successful business owners often want more than just the maximum amount of money they can get. These owners have deeply ingrained values-based goals that guide why and how they do business. But many of those same owners don’t apply an appropriate amount of weight to values-based goals until it’s too late to achieve them. Some owners neglect their values-based goals …
Affinity Ventures Continues Its Success in Closed Construction Company Transactions
Affinity Ventures is pleased to announce the completed transaction of Intermountain Electric Service, Inc. (IME) based in Rock Springs, Wyoming. Affinity Ventures acted as the exclusive Merger & Acquisition Advisors. The transaction closed on March 18, 2021. Affinity Ventures has a long history in the construction industry of closed transactions in the electrical contractor sector but this is the firm’s …
The Magic Behind Writing Your Plans Down
For nearly 5,500 years, human beings have written things down. From Hammurabi’s Code and the U.S. Constitution to your personal business plans, writing things down helps people follow rules and best practices, and pursue goals and action items. However, many successful business owners don’t have any written plans they can follow to help them achieve the future for their ownership …
Walk Before You Run: Phased Planning
Planning for a successful future without your business is a smart strategy. One of the traps that business owners commonly fall into as they begin planning for their successful future without the business is seeing what they need to do and trying to do everything all at once. However, much like your business didn’t spring into success overnight all those …
Poor Planning, Big Problems: The Tale of Tom Poor
“All those years of work are thrown away. To ease your mind is that all you can say? But what about that grandson on your knee? Them railroad songs, Tom would sing to me.” –Robert Plant Many business owners dedicate decades to making their businesses successful. Far fewer owners plan for how they and their businesses will maintain success once …
Change Is OK: How Planning Makes You Focused and Flexible
As a business owner, you manage all sorts of complexity in your work. Goals, expectations, and the people who help you meet them may change. But even though things constantly change, you can still adapt, thanks to smart and focused business planning. After all, if your company couldn’t adapt to change, it likely wouldn’t be as successful as it is …
Is a Family Transfer Right for Your Business?
When planning for the future, you have a wealth of options related to who should continue to run your business. Many business owners’ plans fall short because they are unaware of the many options they have available to them and the pros and cons of each path. One common exit path is a family business transfer. This allows you to …
The Proposed Biden Tax Plan Will Double Taxes When Selling Your Business
The Proposed Biden Tax Plan Will Double Taxes When Selling Your Business If you are thinking about selling your business in the next 4 years this proposed increase in capital gains tax could have a massive impact on the net proceeds from the sale of your business. Currently, when business owners sell their company for more than $1MM they pay …