What Hollywood Gets Wrong About Selling Your Business
In a world where one wrong signature could end everything... one MSP owner must sell his company... before it's too late.Cue the drums. Cut to a rain-streaked window. Somewhere, a…
In a world where one wrong signature could end everything... one MSP owner must sell his company... before it's too late.Cue the drums. Cut to a rain-streaked window. Somewhere, a…
Ask George Sierchio what winning looks like when an MSP owner sells the company, and he won't lead with a number — even though the number matters plenty. A winning…
Most sellers spend months preparing their business for a buyer's scrutiny — clean financials, tidy contracts, a story that holds together under questioning. Fewer spend five minutes preparing their own…
Ask an MSP owner if they'd consider selling, and the first answer — even from owners who've already hired a broker — is almost always the same: "I'm not really…
An MSP owner had the deal essentially done — a strong multiplier, terms in hand — built on the pitch a lot of owners are proud of: no client contracts,…
Most MSP owners sit with this question for longer than they will admit. It lives in the back of the mind, surfaces occasionally on the drive home after a long…
himpanzees use sticks to fish termites out of a mound. It's a tool, and it works — but nobody credits the stick. The primate figured out what to do with…
This is Part 3 of Young Founder, Cogent Growth Partners' three-part series for MSP founders selling earlier than most.Read the first two articles in the series:Young Founder: What Buyers Will…
Across a recent deal, Cogent found something that should make any MSP owner uncomfortable: one technician was the primary contact for the company's top ten customers — spanning multiple divisions…
This is Part 2 of Young Founder, Cogent Growth Partners' three-part series for MSP founders selling earlier than most.Read the first article in the series: Young Founder: What Buyers Will…
Ask a room of 300 IT company owners who gives the best customer service, and every hand in the room goes up. It's a bit one speaker likes to run…
This is Part 1 of Young Founder, a three-part series from Cogent Growth Partners on what it means to sell an MSP earlier than most — where the fundamentals of…
Ask a room full of MSP owners who has the best client relationships, and every hand goes up. Ask them which of those rock-solid, decade-long accounts could walk next quarter,…
If you own an MSP and are thinking about selling, the first thing you should do is review your books. Adhering to best practices will help your buyer see the value of your company, and the more straightforward your financials are, the faster your transaction can close.
Most owners assume the things that go wrong in a sale come from the other side of the table—a sharp buyer, a soft market, a multiple that didn't hold. The…
Due diligence has a "reputation". To a lot of sellers it sounds like an audit—a long sequence of document requests, financial reviews, and legal questions. The seller imagines sitting on…
Ask a roomful of MSP owners about their endgame and you'll hear the same word over and over: exit. It's the word everyone reaches for, the word the brokers trained…
Two or three months. Decide to sell, find a buyer, close. Clean and fast.It's a reasonable-sounding timeline. It's also almost entirely wrong.In a best-case scenario — a prepared seller, a…
The deal is done. Signatures, wire transfer, handshakes. You may have celebrated appropriately — a nice dinner, something with a good pour. And then you woke up Monday morning and…
There's a moment early in every acquisition conversation — usually within the first exchange of information — when a buyer has already formed a working opinion. Not a final one,…