Jared Ribley’s Post

Some closing exhibits are optional or simply do not apply. Generally speaking, this is not one of them. Most business transactions include a bill of sale because most business transactions include some level of hard assets. In order to obtain equitable rights to the hard assets being sold or purchased, don't forget this one.

Sellers: Businesses that go to market with (accurate) proformas or projections are more likely to sell. Buyers: Begin with the exit in mind. Unless you're a professional at turnaround opportunities, you probably don't buy businesses just to get out of them. But that doesn't change the value of having a road map. Too many times, we see people rush to buy and sell. Ready, aim, aim, aim, fire.

Counteroffer is commonplace. Meaning, most people have heard of the phrase. But what does it represent to the acquisition process?? Counteroffer indicates an opportunity and a hurdle. The opportunity is represented as being the next step before reaching an agreement. The hurdle represents not reaching an agreement unless the Counteroffer is accepted. Perspective: When reviewing initial offers here are a few quick considerations... Price & Terms: price is the amount someone is willing to pay and terms are how the amount is going to be paid. Both are relevant and should be considered independently of each other. Timelines: are the timelines presented considered to be reasonable? For example, as a business owner who is actively "on market", it's not recommended to agree to a longer period of exclusivity than needed. Funding Source: how is the buyer planning to fund the purchase? The answer to this question should be considered when responding to the initial offer. As a business owner, this is where having the right intermediary in your corner can make a million dollar difference. Sometimes the service you pay for really comes down to objectivity.

Great to have friend and business partner Dr. Brad Klontz here in New York this week, meeting with firms and celebrating nearly two years of our business dedicated to supporting firms and advisors. With over 5,000 advisors, numerous firms, Affirming Advisor™, and nearly 100 universities involved, we are just getting started. Big announcements to come this summer. Financial Psychology is taking over the world! #wealthmanagement #financialplanning #financialpsychology

Hear a real-world example of why building relationships and trust on the financial side is vital for collaboration around shared services. Check out this clip from day two of CLA's Higher Education Conference, then watch the full video for insights into the latest industry trends, challenges, and opportunities. https://hubs.li/Q02sDmtC0

In today's course, we discuss Warren Buffett's 1999 speech to the Allen & Company annual conference (also known as the “Billionaire’s summer camp.”) and learn how markets operate. Tune in to learn more - https://hubs.la/Q02zPSJD0

It was great to take some time out last year to talk to Gee Foottit CMgr FCMI DipPFS and the St. James's Place Financial Adviser Academy to share my career change story. Here’s to the first attempt (and slightly nervous!) at podcasting and hopefully to many more! #careerchange #financialplanning #femalesinfinance

Opinions are the difference between Real Financial Professionals and used car salesmen. Good advice and good marketing are nothing but a strong set of opinions. People want it straight. They want to know where you stand, and they value a clear point of view. As financial professionals, you better believe we have opinions! What you just read comes from “Declaration 2: We Know Our Opinions Are Valuable” in The Fellowship. If you want to know when doors for The Fellowship open again, just tell me where to send the announcement...

We move forward The Disruptive World of Financial Education