The Old Investment
Banking Advisory Model is not thorough and has led to a high failure
rate. Under this model, the business may sell, yet value and risk
are not addressed; in fact, risks can increase.
This old model fails
to provide solutions for:
·
Sellers who seek the most money for the
business
·
Sellers who want to
minimize market exposure
·
Buyers who seek to
realize their expected return on investment
·
Buyers and Sellers who
seek to create a successful “fit”
The old model takes a
1. Ready, 2. Fire, 3. Aim. approach to selling
a business; Aim is third, not second.
Professionals who were
trained under the old model:
·
Prepare a “Seller’s
Memorandum” to package and market the business for
sale
·
Market the business
through a ‘shot-gun, spray’ marketing approach
·
Create fictitious
auctions to drive value