It’s Halloween and it’s time for carving pumpkins, wearing costumes, playing pranks, visiting haunted houses, watching horror films and telling scary stories. So what are the things that scare the living day-lights out of the enterprise value specialists at Ceibass?
“The number one thing that scares us is leaving money on the table for the hard working buyers and sellers that we represent in the lawn and landscape industry. These people have sacrificed blood, sweat and tears to be successful and we want to get them every nickel and dime,” said Tom Fochtman, Ceibass CEO. “It’s why we have the best team in the industry, why we stay up to date on issues and technology, why we are the most plugged-in and networked firm in our industry with close, close ties to private equity, best practice educators and consultants, and the National Association of Landscape Professionals (NALP).”
Helping their clients cope with the scary things, helping them fulfill their obligations and helping them transition their businesses is what Ceibass is all about. So what specifically, are some of these scary things?
In the spirit of Halloween, here’s a list by the enterprise value specialists at Ceibass collected from their clients:
- Sloppy accounting
- Business partners not carrying their weight
- Illegal workforce
- Contracts not being renewed
- Dissatisfied customers
- Disgruntled employees
- Not receiving enough money from the sale of your business to live a good life in retirement
- Quality not being maintained
- Changes in the tax laws that punish small business owners
- Higher interest rates
- Rising insurance rates
- Having to compromise on your children’s education or your retirement plans because the sale of your business didn’t produce the money you thought it would
- The costs associated with aging parents
- Children not prepared to take over your business
- Global warming affecting your snow removal business
- Staying up with technology
- Hurricanes and tornadoes
- Amazon increasing hourly wages
- Increased competition and unethical new business practices
- Missing a great market when they decide to sell
- Selling at the wrong time
