Archive for the ‘ping.fm’ tag
Bankers Waste
Bankers Waste
 |
| LONGABERGER BASKET BANKERS WASTE COTTAGE TRELLIS LINER | |
 |
$36.99 Time Remaining: 12h 48m Buy It Now for only: $36.99 Buy It Now | Add to watch list |
| LONGABERGER Collectors Club authentic JW mini Bankers Waste plaid LINER | |
 |
$15.95 Time Remaining: 1d 3h 58m Buy It Now for only: $17.95 Buy It Now | Bid now | Add to watch list |
| Longaberger Classic Lid for JW Mini Bankers Waste NEW | |
 |
$8.99 Time Remaining: 1d 5h 33m Buy It Now for only: $8.99 Buy It Now | Add to watch list |
| 2001 Longaberger Collectors Club JW Miniature Mini BANKERS WASTE BASKET Set | |
 |
$30.00 (1 Bid) Time Remaining: 1d 14h 15m |
| LONGABERGER 1989 JW JW ORIGINAL BANKERS WASTE BASKET W BOX MINT CONDITION | |
 |
$89.99 Time Remaining: 1d 14h 24m |
| LONGABERGER CC MINI BANKERS WASTE | |
 |
$184.00 Time Remaining: 2d 14h 29m Buy It Now for only: $184.00 Buy It Now | Add to watch list |
| 1998 Longaberger Hostess Bankers Waste Basket Set | |
 |
$75.00 Time Remaining: 2d 15h 29m Buy It Now for only: $99.00 Buy It Now | Bid now | Add to watch list |
| LONGABERGER C C MINI JW BANKERS WASTE BASKET LID | |
 |
$14.99 Time Remaining: 2d 16h 38m Buy It Now for only: $14.99 Buy It Now | Add to watch list |
| Longaberger COLLECTERS CLUB CC JW MINI Bankers Waste LID | |
 |
$13.99 Time Remaining: 3d 13h 37m Buy It Now for only: $15.99 Buy It Now | Bid now | Add to watch list |
| Longaberger Mini Bankers Waste Lid Mint in Box Genuine Longaberger | |
 |
$7.99 Time Remaining: 3d 14h 3m Buy It Now for only: $7.99 Buy It Now | Add to watch list |
| Longaberger Hostess Bankers Waste 1999 | |
 |
$25.00 Time Remaining: 4d 3h 32m |
| Longaberger Collectors Club Mini Bankers Waste LID | |
 |
$19.75 Time Remaining: 4d 5h 23m Buy It Now for only: $19.75 Buy It Now | Add to watch list |
| Longaberger 2001 Collectors Club JW Mini Bankers Waste | |
 |
$164.75 Time Remaining: 4d 5h 24m Buy It Now for only: $164.75 Buy It Now | Add to watch list |
| Longaberger 1989 Bankers Waste JW Collection NIB JW | |
 |
$199.99 Time Remaining: 4d 10h 39m Buy It Now for only: $199.99 Buy It Now | Add to watch list |
| Longaberger 2007 Tour With Me Bankers Waste Basket w Protector Stand | |
 |
$249.00 Time Remaining: 4d 12h 30m Buy It Now for only: $249.00 Buy It Now | Add to watch list |
| Longaberger CC JW Miniature Bankers Waste Lid | |
 |
$11.99 Time Remaining: 5d 30m Buy It Now for only: $11.99 Buy It Now | Add to watch list |
| Longaberger Basket 2001 J W Mini Bankers Waste Lid | |
 |
$14.99 Time Remaining: 5d 8h 15m Buy It Now for only: $14.99 Buy It Now | Add to watch list |
| 1999 Longaberger Hostess Bankers Waste Basket Retired 2002 | |
 |
$119.99 Time Remaining: 5d 10h 49m |
| NIB 2001 JW Collection Miniature BANKERS WASTE Basket w Lid | |
 |
$15.50 (1 Bid) Time Remaining: 5d 15h 15m |
| Longaberger Hostess Bankers Waste Basket + Protector | |
 |
$125.00 Time Remaining: 5d 15h 43m Buy It Now for only: $125.00 Buy It Now | Add to watch list |
| Longaberger MINIATURE Mini JW BANKERS WASTE Basket JW | |
 |
$149.95 Time Remaining: 5d 15h 55m Buy It Now for only: $149.95 Buy It Now | Add to watch list |
| Longaberger 2001 J W Collection Miniature Bankers Waste Basket Combo | |
 |
$49.99 Time Remaining: 5d 16h 59m |
| Longaberger 1991 Bankers Waste Small Inverted Waste Tree Trimming Basket | |
 |
$44.99 Time Remaining: 6d 3h 54m Buy It Now for only: $58.99 Buy It Now | Bid now | Add to watch list |
| Longaberger Collectors Club Miniature Bankers Waste LID ONLY | |
 |
$7.99 Time Remaining: 6d 4h 2m Buy It Now for only: $7.99 Buy It Now | Add to watch list |
| 1989 LONGABERGER BANKERS WASTE BASKET WITH LID | |
 |
$39.95 Time Remaining: 6d 10h 50m |
| LONGABERGER JW MINI BANKERS WASTE BASKET LID 50946 NEW IN BOX | |
 |
$15.00 Time Remaining: 8d 13h 12m Buy It Now for only: $15.00 Buy It Now | Add to watch list |
| Longaberger 2001 JW Mini Bankers Waste MINIATURE LID | |
 |
$19.95 Time Remaining: 8d 14h 11m Buy It Now for only: $19.95 Buy It Now | Add to watch list |
| Longaberger J W Collection Miniature Bankers Waste Basket Combo w Lid NIB | |
 |
$79.00 Time Remaining: 9d 12h 18m Buy It Now for only: $79.00 Buy It Now | Add to watch list |
| Longaberger 1989 JW Collection Bankers Waste basket | |
 |
$168.25 Time Remaining: 12d 12h 49m Buy It Now for only: $168.25 Buy It Now | Add to watch list |
| Longaberger JW Miniature Bankers Waste Basket Combo + | |
 |
$160.00 Time Remaining: 12d 17h 15m Buy It Now for only: $160.00 Buy It Now | Add to watch list |
| Longaberger 2001 JW Mini Bankers Waste Basket Combo | |
 |
$109.99 Time Remaining: 14d 15h 51m Buy It Now for only: $109.99 Buy It Now | Add to watch list |
| Longaberger J W Collection Miniature Bankers Waste Basket w Lid NIB | |
 |
$70.00 Time Remaining: 17d 17h 30m Buy It Now for only: $70.00 Buy It Now | Add to watch list |
| Longaberger Very Rare 1989 Bankers Waste Basket Deep Brown Excellent Condition | |
 |
$170.00 Time Remaining: 18d 2h 4m Buy It Now for only: $170.00 Buy It Now | Add to watch list |
| Longaberger 1989 J W Collection Bankers Waste Basket NIB | |
 |
$135.00 Time Remaining: 18d 15h 34m Buy It Now for only: $135.00 Buy It Now | Add to watch list |
| Longaberger CC 2000 JW Miniature MIni Bankers Waste Signed by WendyJudy Carmen | |
 |
$124.99 Time Remaining: 20d 15h 14m Buy It Now for only: $124.99 Buy It Now | Add to watch list |
| LONGABERGER JW BANKERS WASTE Basket 14K Charm | |
 |
$385.00 Time Remaining: 20d 16h 19m Buy It Now for only: $385.00 Buy It Now | Add to watch list |
| LONGABERGER JW MINIATURE BANKERS WASTE BASKET LINER NEW | |
 |
$29.99 Time Remaining: 21d 18h 18m Buy It Now for only: $29.99 Buy It Now | Add to watch list |
| Longaberger CC Mini Bankers Waste Wood Lid MIP | |
 |
$12.00 Time Remaining: 22d 10h 12m Buy It Now for only: $12.00 Buy It Now | Add to watch list |
| Longaberger Hostess Bankers Waste Protector NIB | |
 |
$59.99 Time Remaining: 24d 8h 10m Buy It Now for only: $59.99 Buy It Now | Add to watch list |
| 2001 Mini JW Bankers Waste lid Longaberger | |
 |
$15.00 Time Remaining: 25d 2h 15m Buy It Now for only: $15.00 Buy It Now | Add to watch list |
| LONGABERGER JW SERIES MINIATURE BANKERS WASTE BASKET WOODEN LID ONLY NEW | |
 |
$13.95 Time Remaining: 25d 4h 34m Buy It Now for only: $13.95 Buy It Now | Add to watch list |
| Longaberger 1989 J W Collection Bankers Waste Basket w Protector NIB | |
 |
$150.00 Time Remaining: 27d 12h 47m Buy It Now for only: $150.00 Buy It Now | Add to watch list |
| Longaberger 1989 J W Collection Bankers Waste Basket Combo NIB | |
 |
$150.00 Time Remaining: 27d 12h 55m Buy It Now for only: $150.00 Buy It Now | Add to watch list |
| Longaberger CC Miniature BANKERS WASTE WoodCrafts Lid Original Packaging | |
 |
$24.99 Time Remaining: 27d 16h 1m Buy It Now for only: $24.99 Buy It Now | Add to watch list |
| LONGABERGER JW COLLECTORS CLUB 2001 MINI BANKERS WASTE | |
 |
$80.00 Time Remaining: 27d 16h 4m Buy It Now for only: $80.00 Buy It Now | Add to watch list |
| Longaberger Mini Bankers Waste Lid NIP | |
 |
$14.99 Time Remaining: 27d 16h 40m Buy It Now for only: $14.99 Buy It Now | Add to watch list |
| Longaberger 2001 Collectors Club Miniature Bankers Waste Basket Set | |
 |
$125.00 Time Remaining: 27d 17h 1m Buy It Now for only: $125.00 Buy It Now | Add to watch list |
| Longaberger JW Collection 1989 Edition Bankers Waste Basket | |
 |
$125.00 Time Remaining: 28d 6h 9m Buy It Now for only: $125.00 Buy It Now | Add to watch list |
| LONGABERGER AUTHENTIC JW MINIATURE BANKERS WASTE BASKET PLASTIC PROTECTOR ONLY | |
 |
$13.95 Time Remaining: 28d 11h 13m Buy It Now for only: $13.95 Buy It Now | Add to watch list |
| Longaberger 1989 JW Collection Bankers Waste Basket | |
 |
$199.95 Time Remaining: 29d 6h 12m Buy It Now for only: $199.95 Buy It Now | Add to watch list |
How much can we buy Canada for?
Since we are wasting over a trillion dollars chasing bankers around, I wonder if we could get more bang for our buck and spend it by buying Canada. How much do you think it would cost for us to buy our northern neighbor?
I wondering if it would be cheaper to rent Canada and lease The United States witha security agreement and a deposit.
Selling The Family Business - A Single Buyer Is A Prescription For Failure
When dealing with only one buyer, he is right. When there are multiple suitors, competitive market forces are allowed to function properly and true business value is established. I am often asked by a business owner what he should do when he is approached by an unsolicited offer. As a general rule, these buyers are only interested if they can get a bargain and limit the process to themselves as the only buyer.
First question I would ask the potential seller is, do you know the value of your business? If he says yes, my next question would be, how do you know? Have you had a recent valuation? Are you familiar with other comparable transactions? Are there rule of thumb valuation multiples for your business? Are you aware of any strategic value components your company may possess? Are you familiar with a discounted cash flow and terminal value approach to valuation?
If he feels comfortable with the value of his business, would this value be adequate for his financial future? What if a buyer was willing to meet his value criteria, but the seller were asked to take some as an earn out or some as a seller note? What offer would induce this owner to change his exit plans, assuming he was not already for sale?
In most cases, the buyer is very aware of the market and the owner is not nearly as well informed. The buyer most likely has made similar overtures to three to six other companies and is attempting to bring one bargain to closing. Because he has multiple opportunities, he has the leverage.
When talking to business owners who have gone through this unfortunate dance with a single buyer, several patterns repeat themselves. The first is that the seller is unable to pin the buyer down on the price and terms even after several months of buyer tire kicking. They are vague and evasive. They reschedule and delay meetings. They drag the process out. They introduce a partner deep into the process who starts hacking away at the terms and the deal shrinks. They discover minor issues in due diligence and act like there should be deal term and price adjustments. The seller gets deal fatigue.
The single buyer is emotionally detached from this process and thinks it is just part of his deal making skill. He is doing the same thing with multiple business owners simultaneously who have a much different emotional connection to the product of their life's work. The buyer is behaving badly and the owner really has no leverage to make the buyer behave. Most of the time the owner will simply blow up the deal after wasting months of time and a great deal of emotional strain. Sometimes he just caves in and sells out at the newly adjusted lower price. What a terrible outcome.
How should the business owner handle this? First answer is my company is not for sale. That usually scares the bottom feeders off because you are establishing a point of strength that you do not need to sell. Of course the buyer will say that everything is for sale. The next step would be to get mutual non disclosures executed and if you are sharing financials, you have the right to request his financials to make sure he has the financial ability to afford you. If it is a public company, you can check the public records for financials.
You really do not want to let the potential buyer do much more looking until he has submitted a qualified letter of intent. That basically says that if we do our due diligence and find out that everything you have told us checks out and we do not find any material surprises, we are willing to pay this much and on these terms for your company. Why would you let another company tear yours apart without knowing that their offer is acceptable to you once they do?
These are good steps, but I still have not solved your problem, leverage. You only have one buyer and you really have no pricing or negotiating leverage. For that you need multiple buyers. A business owner who has to run his business, which is already more than a full time job, normally can only process one buyer at a time. Therefore no leverage, no pricing power, no competition, no good result.
For that you need multiple buyers. To accomplish that you need a merger and acquisition advisor or business broker or investment banker, depending on the size and complexity of the potential transaction. When we are contacted by an owner that has one of these buyers in pursuit, we simply throw that buyer in to the process. When it becomes evident that this is going to become a competitive buying process, they head for easier territory pretty quickly. In our many years of doing this and in the twenty five year history of my prior firm, in only one case did the original unsolicited buyer end up being the winner. And that final price was 35% greater than his original offer.
The unsolicited offer is originally attractive to the business owner because he believes that he will net much more from the transaction if he can avoid paying the investment banking fees. The practical reality is that being sort of, kind of for sale will depreciate your company's value. Either tell these buyers to go away completely or tell them you will have your investment banker contact them. This one buyer middle ground is not a good place for you or your company.
About the Author
Dave Kauppi is the editor of The Exit Strategist Newsletter, a Merger and Acquisition Advisor and Managing Partner of MidMarket Capital, providing business broker services to owners of middle market companies. The firm counsels clients in the areas of M&A, valuations, "Smart Equity Capital Raises", sales and acquisitions. Visit our Web site to review our lists of buyers and sellers.
Let the bankers turn in their Lamborghinis and start driving Taxis Pay them in toxic waste