It was 1940 when Maurice and Richard McDonald opened their fast food restaurant in San Bernardino, CA. Fifteen years later they’re doing great in their single-location restaurant when a funny thing happened. At age 52, all-purpose salesman Ray Kroc was selling the...
I just read an excellent article on this topic, compliments of Bob Kelly of Capital Group’s Private Client Services. I wanted to share it with you, via this link: https://www.capitalgroup.com/pcs/latest-perspectives/why-inflation-low-despite-rate-cuts.html No...
After the announcement that Verizon was buying Yahoo (after selling off its landline business and buying out the minority owner of Verizon Wireless): “Any time a business stands still…and tries to just live on what you’ve done, you’re beginning...
Some say it’s downhill from here: “U.S. CFOs, on average, believe there is a 31% chance that the U.S. economy will be in recession by year-end 2016… That percentage is double the 16% who thought so just 10 months ago.” Source: Duke...
We’ve been writing in this column and in our newsletters for a couple years now about the upcoming reversal of fortunes for business owners wanting to sell their companies in the next few years. We wrote about the changes in valuations that will come when many...
