In total, we published 36 Center for Private Company Excellence blog posts in 2023. While we received positive feedback throughout the year, a few posts were particularly popular with our readers.
Here are the top five posts from the Center for Private Company Excellence blog in 2023:
- 4 Observations from Kreischer Miller’s Family Business Panel Discussion (November 14)
On Tuesday, October 17, 2023, we hosted a panel discussion on how family businesses are preparing their next generation leaders. Participants had the opportunity to hear from three leaders of family-owned businesses, including two 3rd generation leaders and one 2nd generation leader, about their experiences regarding their transitions and the types of transition plans they had in place.
Here are some of the key observations from our panel discussion and advice from three next generation family business leaders.
- What a Falling Inflation Rate Means for Your Business (November 29)
Last year, we discussed how a period of high inflation can impact the value of your business. Since then, the rate of inflation has fallen. The core Consumer Price Index (CPI), which excludes volatile food and energy prices, increased over 6.0 percent on a year-over-year (YoY) basis for much of 2022, but its YoY growth slowed to 4.0 percent by October 2023.
Interest rate hikes have been largely responsible for this decreasing inflation, with the target for the federal funds rate increasing from near-zero in early 2022 to 5.25 percent to 5.50 percent by July of 2023.
With inflation still high (but on the downswing) and high interest rates expected for the foreseeable future, there are several issues businesses should consider.
- Private Company M&A Trending Multiples through June 2023 (October 4)
The M&A market has seen volatility in its volume and valuations throughout 2022 and 2023. This unpredictability can be attributed to macroeconomic uncertainty, volatile capital markets, and the rising cost of capital. Gaining an understanding of recent trends in multiples within your specific industry can aid in evaluating your business’ worth to plan for a potential transaction.
- What We Can Learn from the Failure of Silicon Valley Bank (March 21)
The swift failure of Silicon Valley Bank (SVB), an extremely popular bank for start-ups, made headlines earlier this year. As federal regulators have continued to address the issues caused by SVB's failure, this ordeal brought up some critical questions.
- 12 Items to Consider When Selling Your Privately-Owned Business (September 26)
Working closely with privately-owned companies, we understand that selling a business can be a complex process. There is an emotional toll on the business owner which should not be underestimated, as well as many financial considerations.
Here are twelve important factors to consider when selling your business.
Are there any topics you'd like to see featured in upcoming blog posts? Please don't hesitate to contact us.