Class VI Pathfinder

Discover the key to successful succession planning by joining our upcoming webinar! On July 23rd at 12 PM, Sara Foster will facilitate an impactful discussion on this topic with Angela Sasseville, M.A., a coach at Flourish Executive Counseling and Coaching. Don’t miss this chance to learn essential strategies! Sign up here: https://lnkd.in/gf3mYhwU #Webinar #Coach #SuccessionPlanning #Sale #BusinessGrowth https://lnkd.in/dNrcjf3Q

What do valuations for manufacturing companies look like in 2024? The average EBITDA multiple is 6.1x, down from 6.5x last year and 7.3x peak in 2022. This is according to the June 2024 Manufacturing Drilldown by GF Data. The following three sub-sectors achieved the highest average multiples over the past 4 years: ✅Medical Equipment & Supplies ✅Industrial Machinery ✅Architectural & Structural Metals. Visit https://hubs.la/Q02FgYqk0 to learn more about this year’s manufacturing M&A activity. #Manufacturing #Valuations #Data #BusinessOwners #Manufacturers https://hubs.la/Q02FgVdL0

Buyers seek companies with exceptional talent, seamless team alignment, and unwavering motivation. In a recent podcast episode on GRID Investor, Chris Younger shares that when it’s time to sell, the quality of the business team is essential. Listen to the full interview, hosted by Rob Chevez, by following this link. https://lnkd.in/gNkNTpNK #Podcast #Market #Entrepreneur #Business #Motivation #Selling https://lnkd.in/gs7U-Ran

At our open house last week, we welcomed clients, friends, and partners to the new Class VI office! One of our main goals was to create a space where our community could come together and have some fun. Seeing this in action was amazing! Thanks to everyone who came by! #NewOffice #OpenHouse #Entrepreneurship #Growth https://lnkd.in/dNrcjf3Q

In April, the Federal Trade Commission (FTC) announced a nationwide ban on noncompetes. If the rule stands expected legal challenges, it will prohibit new noncompetes, but existing agreements will still be valid. According to the FTC, this rule will raise worker wages, drive creation of more than 8,500 new businesses annually, lower healthcare costs, and boost innovation. Some business owners, however, have concerns about employee retention and IP protections, among other issues. The FTC counters that trade secret laws, non-disclosure agreements (NDAs), and other measures will continue to safeguard sensitive information. For more information about the FTC’s perspective, see their release: https://hubs.la/Q02F1Z3V0 What are your thoughts? Leave a comment below! #NoncompeteBan #Noncompete #BusinessOwner #EconomyNews #Entrepreneurs https://hubs.la/Q02F1tjQ0

There were an estimated 316 US PE exits for an aggregate of $66.7 billion in Q1 of 2024, according to Pitchbook’s Q1 2024 US PE Breakdown. This represents a slow start to the year, with a 19% decrease in quarter-over-quarter exit value. However, there are two positive signs of stability in the PE exit market: >> The rate of decline had slowed from a 64.7% fall in exit value in 2022 to 8.5% last year. >> Q4 2023 marked the strongest quarter of the year with $82.4 billion in exit value. What else did the first quarter of the year reveal about PE activity? Check out the full Pitchbook report for more information: https://hubs.la/Q02zlmYj0 #PE #PrivateEquity #Transactions #Selling #BusinessOwners https://hubs.la/Q02zlkhT0

At Pathfinder, we meet you where you are. We offer a complete solution to meet a business owner’s pre-transaction needs, starting with our two offerings. ✅ Basecamp: Designed for entrepreneurs committed to intense preparation for a final push to a sale or capital raise transaction. ✅ Trailhead: Made for entrepreneurs who are not ready to sell anytime soon (or may never) but still want to improve their company’s health. What are you waiting for? To start your journey today, visit our website at https://hubs.la/Q02zljtv0. #Pathfinder #Programs #Entrepreneurs #BusinessOwners #Transaction https://hubs.la/Q02zlnCv0

Thinking about selling your business? Whether you are considering transitioning this year or in a decade, it pays to be prepared. Selling a company takes a lot of work, and you want the best price for the business you've spent considerable time and effort building! This Forbes article outlines six critical considerations for a successful exit strategy, from understanding your company’s value to preparing for due diligence. https://hubs.la/Q02zlmw70 #Selling #BusinessOwner #Entrepreneurs #Exit #Business #Transaction https://hubs.la/Q02zltHt0

CEOs and business owners tend to fall into one of 3 categories. As Jim Canfield explains, they may want to… 1️⃣ Close the company when they retire 2️⃣ Pass the business to a pre-determined group, like family or employees 3️⃣ Sell the company Which bucket do you fall in? #CEO #BusinessOwner #Sell #Transition #Retire #Entrepreneurs https://hubs.la/Q02zlqWv0

Imagine a business that doesn’t need your constant attention… Chris Younger emphasizes that creating a business that can be sold involves prioritizing long-term value over short-term benefits, ensuring the business can operate without micromanagement. To learn more, listen to the full interview on the Walk 2 Wealth Podcast hosted by John Mendez. https://lnkd.in/gkbKfdNs #Entrepreneur #SellableBusiness #Walk2Wealth #BusinessGrowth #Value https://lnkd.in/dNrcjf3Q