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Business Owner – Are You Burned Out?

By Generational Equity

Business Owner Burned Out

Recently, Andy Medici – Senior Reporter with The Playbook – published a very timely and interesting article on the topic of business owner burn out. Entitled “Small-business owners are already burned out. Many see trouble ahead.” It caught my attention because if this is the case, fortunately, Generational has the solution for you.

Here are some shocking statistics that Medici mentions in his article:

If you are a business owner and are facing many of these same concerns/issues, I have some good news for you: Generational Group, the industry-leading M&A consulting firm for the lower middle market, can help you alleviate these fears and help you reach financial stability (and far fewer sleepless nights).

How?

Our proven, successful exit planning program can help find an optimal buyer for your business even if you are still not fully recovered from the financial impact of COVID on your company. 

In fact, a new term was coined by financial analysts during the midst of COVID as it relates to the recasting of a business’s earnings due to unplanned, unforeseen circumstances that are not going to permanently impact the long-term financials of the organization. It is called EBITDAC, which stands for:

E – Earnings

B – Before

I – Interest

T – Taxes

D – Depreciation

A – Amortization

C – Coronavirus

Now recasting of EBITDA has been used by M&A firms from the dawn of time to accurately “restate” the earnings of a privately held company to show the true earnings of the firm. As we all know, business owners legitimately write off dozens of expenses annually to reduce the company’s tax bite. This is perfectly legal and sensible to do.

However, it does understate your true earnings and recasting can identify those items that are one-time, non-business related, or simply perks that a new owner would not continue with.

The “C” in the new EBITDAC metric takes into account the pandemic’s effect on business operations since March of 2020. It is a very effective way to optimize your financials legitimately. We should know, we have had a number of record years in a row, closing 172 transactions last year alone (and on pace to beat that dramatically this year).

And according to Refinitiv (previously Thomson Reuters), no M&A firm has closed more transactions valued up to $50 million than Generational over the past dozen years or so.

Why is our process so successful even during tough times? Here are just a few reasons:

These are just a few of the reasons we succeed year over year. To learn how we can help you, especially if you are burned out, I would suggest you attend one of our Growth and Exit Planning Conferences near you. You will come away with a wealth of information, and just maybe, a plan to alleviate your burnout!

And here is some food for thought about burnout from folks far wiser than me:

“The reality is: there will always be more work. From our jobs and owning businesses, to being a manager of our families and our homes – there will always be more work. It never goes away. We never escape from the responsibilities that life presents us. But one of our main responsibilities should be ourselves, after all, there's only one of us anyway.” ― Vanessa Autrey, The Art of Balancing Burnout

“If you think you can outsmart burnout, burnout will prove you wrong.” ― Sally Clarke, Protect Your Spark: How to Prevent Burnout and Live Authentically

“I’m so busy, I’m not even available yesterday.” ― Craig D. Lounsbrough

Carl Doerksen is the Director of Corporate Development at Generational Equity.

© 2022 Generational Equity, LLC All Rights Reserved

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Robert Evans, President and CEO of Mealtracker Dietary Software
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Terry D. Wickman, President, Keytroller
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Bob and Debi Lee, Owners of BL Technology, Inc and BL Tl Services, LLC
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Ralph Noblin, President of Noblin & Associates
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Larry Moore, Owner, A Company Portable Restrooms
I decided to attend the conference and hopefully receive some guidance on how to structure an exit plan of my business. Upon arriving at the conference, I was so impressed with the presentation given by Generational Equity that I set a future appointment that week to discuss the possibility of selling my business with their Senior Managing Director David Robinson.
JoAnn Ellis, Owner of Fondren 5 Star Kennels
Through the sale process, Generational brought in several interested buyers and we closed in about 6 months. I am so glad I accepted that invitation to the conference and could not be happier with the whole process. The team at Generational coupled with their knowledge and guidance was so valuable that in the end, I know I could never have done this on my own!
JoAnn Ellis, Owner of Fondren 5 Star Kennels
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers
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Andy Graham, Vice President, Modern Heating & Plumbing
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.
Bryan D. Horn, Owner, Over Under Clothing
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
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Robert Evans, President and CEO of Mealtracker Dietary Software
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Bil MacLeslie, CEO, ipHouse
After attending a conference with GE, I decided that the value they bring would be worth the expense and as soon as I started working with them, I realized that was the right decision. When we started to get LOIs, Fred Zweifel took the lead on the communication and supported negotiations throughout the process, which got tricky as we moved forward. I learned that it can be common for companies to make a great offer then work to erode that price with their discoveries, but Fred and the GE team kept that from happening.
Caroline Connelly, CEO, OptoTest
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Bil MacLeslie, CEO, ipHouse
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Jay Dinnison, Owner of Sharpe Mixers
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Tom Currier, Former President & CEO, Rackmount Solutions
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!
Eric Erlandson, Owner, Action Fastenings, Inc.
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Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
The professionals at Generational Equity then helped develop a roadmap for enhancing the value of the firm and an evaluation report. This was completed by June 14, 2021. We then developed the Confidential Information Memorandum and put Taylor Studios, Inc. on the market by July.
Generational Equity’s professional staff helped me every step of the way. Their network and professionals are the only reason I sold my company this quickly. For me this is a once in a lifetime sale and I was unfamiliar with the process. I was able to lean on them with questions and concerns.
Betty L. Brennan, President, Taylor Studios
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