Introduction
You've built something incredible. Perhaps you took over your family business when your parents retired and continued to grow it from the ground up. Or maybe you started from scratch, leveraging your expertise and community standing to expand your business, hire staff, and transition from a skilled tradesperson to a business manager—a shift that requires a completely different set of skills. You've provided for your family, offering them opportunities that go beyond what you had when you began. Now, you may find that your children have different aspirations and no interest in taking the reins of the family business. So, the question arises: How do you extract the value you've created from your business when you're ready to step away and no longer wish to report to the office every day? The answer is LAM.
Mergers and Acquisitions: A Path to Exit and Expansion
There’s good news. Following the 2008 housing market crash, Wall Street recognized the substantial equity that private citizens held in their homes and businesses. Since the inception of private property rights, savvy entrepreneurs have used mergers and acquisitions (M&A) to increase the value of their businesses and assets. This same principle is available to small business owners today, offering a clear path forward for those considering the future of their business.
Mergers and acquisitions allow you to grow your business by acquiring competitors or to sell your business to a company seeking expansion. The beauty of this strategy is that you could merge with another company, maintaining an ownership interest in both, which can provide a continued income stream into retirement. While publicly traded companies and venture capitalists often target larger acquisitions, small and midsize businesses have a significant opportunity to merge with or acquire other small businesses. This approach can rapidly accelerate growth within your sector or related industries.
At LAM, we specialize in helping small and midsize business owners like you navigate mergers, acquisitions, and the sale of your business. We connect you with companies in growth mode, actively marketing your business to the right buyers. Additionally, if your business is tied to commercial real estate, LAM can assist with the sale or lease of your real estate assets, ensuring the best outcome when the time is right.
Preparing for the Next Step
Many small and midsize businesses struggle with maintaining detailed financial records, which can complicate the process of presenting the business to potential buyers or merger partners. If you’re not yet ready to sell or reorganize but see that day on the horizon, it’s never too early to start preparing. LAM is here to guide you through this process. Whether it’s site preparation, inventory management, or bookkeeping, our team can help you get your business in the best shape possible to maximize its value when the time comes.
Start working with LAM today to ensure your business is positioned for a successful transition. Whether you're looking to sell, merge, or restructure, we’re here to help you navigate each step with confidence, securing the future of your business and your financial well-being.