Correct and up to date business financials are a must:
Owning your own business is challenging at best. If things don’t seem to be going as well as you had expected related to your accountant or book-keeper, it can be challenging to find a good firm that fits your industry and the size of your company. The good news is, we can certainly help you with that. Our business financials network has strong contacts that we can refer to you. Whether you need a simple quick-books implementation, or something more complicated like a review or audited statement. All of our clients have all financials organized in a secure Dropbox. While some companies take a month to get things together to apply for a loan, our clients just hit send. We have the referall sources ready to go.
By carefully examining your day-to-day operations, we usually discover ways to improve your margins and assist with cost-cutting. We then arrive at a fair determination and a plan for your business. We want you to succeed!
Getting Assistance With Your Merger
Sometimes, it’s in the best interest of a company to merge their resources with another one. Another company might offer strengths that can enhance your business and create a stronger foundation. Timio Consulting has the expertise to help you with a business acquisition if need be. We have a proven track record of assisting businesses to complete successful mergers. We have the referral network whatever the size of your company.
A merger could also be a result of diversifying in a seemingly unrelated industry to minimize the shock of a particular industry’s performance on its profitability. Usually, this results in wanting to merge with a company that has a broader market penetration in a critical area of operations.
Understanding Your Selling Options
You’ve worked hard and built a successful business. Now you consider selling your business. There are some transition options for you to consider depending on your business size and the industry you’re in.
If you sell to your management team, the business transition risk is reduced because employees have first-hand knowledge of your day-to-day operations. This will minimize the impact on your operations, customers and your business culture. You will also be able to see your employees benefitting from the success you have created together. Financial buyers are typically well capitalized and sophisticated and often able to pay higher prices than management teams. Access is more readily available to a human resources representative as well.
However, there are also the strategic buyers. They are comprised of larger players in the industry looking for business acquisitions to enhance their current operations, products or market presence. If it all sounds confusing, you’re right. There are a lot of considerations to keep in mind when you plan to sell your business.
At Timio Consulting, that’s where we excel! We don’t expect you to know our business, but we can tell you we’re committed to arriving at a positive outcome for you. You will be able to leave all the details to us and continue with what you’re good at—running your business. Reach out to our experienced consulting staff today to answer any questions for you.
Contact our professional consulting firm today for all your business needs. We proudly serve Chicago IL and the surrounding area.