With the continued expansion of the economy, there’s no time like the present for would-be entrepreneurs to consider launching a business (Especially when you consider the recent tax and regulatory reform). Tip of the Spear Ventures’ Mergers & Acquisitions (M&A) Business Advisory Service was established to (1) assist those desiring to purchase a business, as well as (2) those business owners looking to exit or sell their existing business.
A recent UBS study titled Q1 Investor Watch Report, reports that nearly 60% (58%) of sampled wealthy investors would consider starting a business. The report also reflects 52% of existing business owners are looking to capitalize on the robust economy and sell within the next 5-years (20% would like to create a succession plan whereby heirs would take over the business responsibilities, while 18% say that they will opt to simply shut the business down). Why the large percentage of business owners looking to exit? The study found 2 succession reasons in particular:
- Succession plans whereby the business would be turned over to heirs reflect that these successors would rather have cash in the bank versus ownership in the business (82%).
- Millennials also reflect a propensity to hold back and not run a business, citing business ownership and entrepreneurship are simply too stressful (80%)
Tip of the Spear Ventures’ M&A Business Advisory Services seek to assist both those looking to purchase a business (Buy-side) as well as those looking to exit their business (Sell-side). Our services combine the best of counsel ranging from M&A expertise, Accountancy, and facts of Legal matters.
To find out more about Tip of the Spear Ventures’ M&A Business Advisory Services,please contact us by phone @ 855.97SPEAR (855 977 7327) or email: info@tipofthespearventures.com.
Jennifer is a VP of Sales that manages a large team of sales executive of inside sales. Her team is doing well, but Jennifer knows that if she can improve her team’s productivity she could exceed her number. To do that, she wishes she could improve how her team engages with customers and provide insights into what customer are thinking. She’d also like to know how her sales executives are prioritizing their time and efforts so she could identify what activities are driving revenue and provide better sales coaching.
Mark is a successful sales account executive for a leading technology company. He almost always hits his numbers (sales quota) month in and month out, but feels he could exceed them with a little help. When reaching out to prospects, Mark often doesn’t know if they’ve looked at his email, his LinkedIn profile, or knows anything about his company’s products/services. When he hosts meetings he sometimes encounters obstacles and objections that cost him his perceived deals.
Denise is a Sales Operations Manager and is responsible for reporting and forecasting sales. She needs more visibility into her sales team’s activities because the activity metrics don’t match sales goal attainment. Finding sales best practices is difficult because the best Sales Representative performers are too busy to log their activities into their CRM or meet with her. She also lacks confidence in the sales pipeline because many activities marked as sold don’t close within the time committed.
Bob is a Marketing Manager that supports her company’s sales team with collateral, like presentations, data sheets, case studies, and white papers. But Bob is challenged because he finds that sometimes his sales teams are using out of date branding and messaging, while some collateral is not used at all. Tip of the Spear’s Sales Business Development Driver provides a review of all collateral in place, identifying items that should be present (as well as those that shouldn’t!) A leadership review then positions collateral to be used moving forward.
