May 8, 2017By: Laura Drotleff In Greenhouse Grower’s annual Top 100 Growers ranking, the story remains mostly the same, as the largest growers in the country continue to grow and consolidate and capture additional market share. Accounting for 245,028,051 square feet, Greenhouse Grower’s Top 100 Growers for 2017 now represent 60% of the industry, if measured against the total greenhouse space (409 million square feet) listed in USDA’s 2015 Floriculture Crops Summary, and 32% of the market, compared to the
By Karl Edmunds | January 12, 2016 Think about that last lunch or conference where you met a new friend or an old business connection, and over dinner or a drink you were told that your business is absolutely worth 6-8x EBITDA. Effortlessly, you calculate a quick number and begin to dream of your future exit with this reward in your pocket. For many business owners, the prospect of selling a business is like the classic dream of how
By Yazi Jepson , October 24, 2016 Many business owners experience various issues during the course of operating their business and decide to sell rather than continue on. The problem with this is most owners haven’t taken the time to develop a feasible exit strategy. There are many options to developing a profitable exit strategy, but they all start with knowing what the financial state of your business is right now. This is important because you will need to
By Jarrett Davidson , March 21, 2016 Takeaway: MBOs are risky, but can be mutually rewarding when these three key areas of focus are done right. An increasingly popular transaction is occurring as a result of baby boomers retiring: the management buyout (MBO). As baby boomers age and finally retire, their executive or senior management employees aspire to own the business. This type of transaction is appealing to both parties and is one of the riskiest and most difficult transactions
The number of election year midnight regulations imposed during lame-duck periods typically doubles. And that is especially true when a rival party is assuming the White House. The midnight rules are the so-called regulations created by the executive branch of an outgoing President’s administration, between the November election and the January inauguration. But throw in the “Cinderella effect” and “status quo bias” and things can get pretty messy in the world of regulatory actions. So,
by Gabe Lacques, USA TODAY Sports Although they trail 3-2 in the World Series and are bidding to become the first team since 1985 to overcome a 3-1 deficit to win a championship, the Chicago Cubs feel good about their chances. Here are several factors that buoy the Cubs’ hopes as the series heads back to Progressive Field.
Everything You Need to Know About Procuring and Managing Working Capital May 3, 2016 by Larry Alton In Finance 2 Have you ever thought to yourself, “If I just had enough working capital, I could push my business in the right direction?” Well, the good news is that there are ways to bring in working capital from the outside and grow your business. You will need a strategy, though. The In’s and Out’s Of Managing Working Capital When looking at the
Buy-Sell Agreements Keep Your Business Afloat Alex and Brad, both in their mid-forties, had just celebrated the tenth anniversary of Consulting, Inc., their market consulting business. The next morning, before going to work, Brad suffered a heart attack while jogging and died later that day. Alex suddenly lost his long-time business associate. What’s more, after the estate was settled, he found himself with a new co-owner — Brad’s wife. The result was chaos.
Your business thrived, but your marriage didn’t. Here’s how to stay business partners with your ex. GWEN MORAN Stacey and Jan Roberts were a happily married couple with three children when they launched their Sacramento, California-based Unishippers logistics franchise in 1995. They were both making career transitions and had bright hopes for their future. Three years later, their business was thriving, but their marriage was not. After months of counseling, they decided to divorce.
Mary Ellen Biery, Contributor Without a buy-sell agreement in place, business owners risk facing these scenarios and other situations that can disrupt the business and hurt its value. A buy-sell agreement allows entrepreneurs to know up front who can buy in to the business and how the process will work, and it provides opportunities to talk about possible scenarios rather than forcing owners into expensive litigation down the road.