Your resume nike air max rea , not your checkbook, should determine what size business you can own and operate. A case study approach will explain how to buy a much bigger company than you can finance on your own. You've been very successful managing a company or division with full P&L responsibility and produced millions of dollars of profits. You've been well compensated and put some capital together. You're intrigued with the idea of becoming a business owner. You like the idea of being captain of your own ship and also want to create wealth for yourself and your family. What kind and size of business should you buy? The best answer may be; the same size business you've been running for others. If you've been running a $200 Million dollar division, operating a very small company, may not be what you can do best or enjoy the most. But is it possible to buy a $200 Million dollar business when you've got a million dollars or less of your own to invest? Very often, you can. Professional investors are very enthusiastic about backing a CEO with the right industry experience; especially if you're prepared to invest your own capital along with theirs. Furthermore the ownership that they'll allow you to earn by operating the business profitably will typically be much greater than the equity which you buy at the outset. Let's consider an example. Carol is a division VP of a large manufacturing company. She has been involved in her industry for over 15 years. The division which she operates generates revenues of $230 million and contributes $30 million to the pre-tax profits of the corporation. Carol has built a war chest of $800 nike air max 90 röda dam ,000 with which she would like to make an acquisition. Through her industry network, Carol learns that the owner of one another company in the same industry, Valence Inc, is planning to retire and wants to sell the business. She knows the company and is confident that she could operate and grow it successfully. Valence has revenues of $165 million and pre-tax profit of $12 million. She believes that at the helm of Valence, she could increase both revenue and profit margins. Carol contacts the owner of Valence nike air max 90 rosa dam , Doug Miller and learns that he has no heirs in the business. While the current management team is willing to stay on, Doug doesn't believe that any of them is ready to run the business. Doug has hired an investment banking firm who is preparing to put Valence on the market. Carol remembers attending a seminar put on by Capital Results which specializes in working with entrepreneurial business buyers.
Loading
List all items from this seller
Useful information
- Avoid scams by acting locally or paying with PayPal
- Never pay with Western Union, Moneygram or other anonymous payment services
- Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
- This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"