VEER Recaps Business Transitions of 2021
2021 was a year to remember and a year to forget (perhaps with the help of a good therapist!). Those of us not directly impacted by heat domes, wildfires and floods consider ourselves extremely fortunate. For those who were, we send our tangible and intangible support, and are blown away by your positive spirit and resiliency. To add insult to injury, COVID hung over all of us like a fog in 2021, seemingly clearing at times only to be swept back in, leaving us straining for visibility and perspective. Through it all, our sense of community remained an even more powerful force. Strangers helped strangers. Families helped families. Like everyone […]
VEER Supports Successful Business Transitions in 2019/2020
2020 has been a tumultuous year so far with unprecedented health, social justice and economic challenges. Despite the turbulent times, many business owners continue to take the necessary steps that lead them to a successful business transition or exit. Here is a look back on some of our clients’ successful business transitions over the last year. “Bill” was introduced to VEER by his external accountant in March 2017. He was the majority owner of two businesses. One a value-added reseller of a suite of high-end technical software products and the other a consulting firm that supported clients to optimize the benefits of their technology. Bill had led the businesses for […]
Have you done a PRE-mortem on your business?
An unfortunate reality about our business is that we get too many calls from the families of unprepared business owners as they deal with a tragic loss. Just a few weeks ago, the brother of a business owner called us – his brother had passed away suddenly, leaving the company in turmoil. Customers and employees were calling, and nobody was even sure where the office keys were. While we were able to assist in a collaboration with a friendly competitor to help with jobs in progress, the business value quickly eroded as potential purchasers left to find alternative suppliers. Additionally, the experience was extremely stressful for the surviving family, left […]
VEER Supports Several Successful 2017 Business Transitions
Management Buy-ins, Partner Buy-outs and Outright Exits 2017 has been a busy year for VEER and our clients. While several other engagements continue, on track to achieve the transition objectives of our business owner clients, we thought we would share a few happy stories from the first six months of 2017: We met “Jack”, owner of a Fraser Valley horticulture company, at a conference in June 2016. Jack was interested in selling a division of his company, while continuing to run the rest of the company for a few more years. We completed a Value Enhancement and Exit Readiness Assessment, which included our estimate of how purchasers would value the division, an […]