The acquisition of a successful printing business seemed like the perfect marriage but a common problem killed the deal. What happened and how should business owners prepare for the pain of selling?Read More
Rock Around the Block - The Blog of Rock LaManna
Imagine you’re a commercial printer who dreams of the higher margins of wide-format digital printing. You decide to sell your business and move entirely into wide-format digital printing.
You think it’s a smart move. Your current book of business is big and relatively successful. You have a lot of local, repeat clients. You understand what it takes to build a business.
While a Letter of Intent or LOI may make your heart beat a little faster with excitement, you need to understand what can happen next to you and your business. It's a process full of twists and turns that has evolved with private equity playing a growing role in the marketplace.
Prepare to be overwhelmed or empower yourself today. A little knowledge can go a long way.Read More
For owners in the print and print related industries, if you think of an M&A deal like a marriage, then it's much more likely it will be successful. We're talking about demonstrating values like trust and integrity.Read More
Topics: mergers and acquisitions
Let's say you've got a big idea but you're not sure what's next for it. Recently, I had the privilege to deliver a presentation at InPrint USA about this topic. This is the kind of strategic thinking I think you'll really enjoy.Read More
I want to share some great information from our friend and colleague, Vince Mallardi, of The Printing Brokerage/Buyers Association International. Vince and I often collaborate on answering reader questions and this batch deserves some sharing with the LaManna Alliance audience.Read More
Do you have an idea that you think might be worth pursuing as a patent? Recently, I was honored to a part of ICE USA Expo and InPrint USA, where I gave two presentations. One was to manufacturers and it was all about patents. Find out the good, the bad, and the ugly about the patent process.Read More
I'm guessing that while you're ready to change your business, you may need help getting started. Whether it's growth plans, succession, or selling your business, you know some sort of change is needed. And yet, you're stuck and that important task soon becomes something you always want to get around to.Read More
Topics: Printing Industry
We had such a great response to part one of the Changes to the Printing Industry that I thought it would be good to continue the discussion. It's from a webinar I recently put on for the members of The Great Lakes Graphics Association
In order to make strategic decisions about the future of your business, you must understand the ongoing changes to the printing industry. So let's talk about how the game has changed.Read More
When it comes to selling your business, your estimate of the length of the process is like a flip of a coin. It's highly random. And I'm willing to bet that most of you will guess wrong. Sound like a costly mistake for a successful business owner.
Most businesses take 1-2 years to sell. Minimum.
No matter how desperate you want to sell, there are no buyers who will speed through a closing just to get you the cash you want. You’re better off liquidating and closing the doors than thinking you’re just going to turn something around in 2-3 months.