As a business owner, you are constantly comparing business performance not only to competition but to previous year earnings and performance. In merger and acquisition transactions, EBITDA is often used by companies to compare similar businesses in the same market. Understanding how to use EBITDA can help your overall performance and make sure you are prepared in the event of a business sale or purchase.
People do not care how things work. They just want them to work. If a problem arises, customers want it taken care of effectively and immediately. When was the last time you saw an automated chatbox on the internet answer the question: Why is my faucet leaking?
As the industry’s only national trade association, the American Supply Association is uniquely positioned to be the voice of the industry. With that comes the responsibility to want the ball when it comes to advocating positions that will benefit our members and the industry as a whole.
Joining a national association and adding your name to those that give of their company to build a stronger industry and stronger future is not life-threatening by any means. No one is shooting at us and our lives aren’t at risk.
When it comes to developing a growth strategy, distributors must be mindful of their actual capabilities in each of the seven essential process groups regardless of current market conditions.
The decision to sell any business involves a complex set of decision-making points. The business’ underlying value, health of the overall industry, interest rates, growth potential, geographical location, owner’s age, taxes and many other factors contribute to an owner’s decision to sell or instead focus on succession planning.
As people continue to get inoculated and children return to in-person learning, hopefully this is light at the end of the tunnel with the pandemic and people can feel safe to return to work.