Owner Exit Strategies

Owners of businesses typically dream of going public or performing an IPO, even though less than 1% of businesses ever achieve this.  However, for the remaining 99% of businesses out there, there are multiple viable options that owners should consider and evaluate when determining their business exit strategy.   Ideally, owners should plan for their owner liquidity event at least five years in advance of their “target date”.  However, sometimes an opportunity appears unexpectedly, and Lantern is called to rapidly evaluate the opportunity and the assist our clients in negotiating next steps.   Some strategies and alternatives that Lantern Capital Advisors has helped […]

Failure Is Not An Option

If you haven’t seen the ad by Chrysler featuring Enimem, well, we want to share it with you, provided that You Tube doesn’t take it down… What does your company know about luxury? The finest things in life. Especially when the questions are asked by someone that has never set foot in your business, in your world, in your shoes, in your town. The hottest fires make the hardest steel. What does your company know about being successful, especially when the talking heads swear that the sky is falling, and that there won’t possibly be anyone left to buy what […]

When Is The Right Time To Sell Your Business?

One of my favorite shows is “The Office”, I’ll leave the humor out of this post, but the show only exists because the original creators took a chance at producing “something new”. Does anyone even care or know what they did before? What made Simon Cowell so famous in the United States was not producing Teletubbies, but telling contestants the truth on the hit show, American Idol. He’s onto something new now, and we’ll probably all take some time to watch. Business is picking up. Things are looking good. Your sales team has really delivered. But you wonder, is now […]

Weekly What If: What If We Consolidate On Our Own?

The Weekly What If…Chronicling companies that transformed their business by Exploring What if  Today’s biggest boat retailer was organized around this What If.  Today, Marine Max is America’ largest boating and yachting retailer with over 50 locations in 19 states.   In 2004, I interviewed company, CEO and Chairman Bill McGill and was surprised to learn more about their history.  Mr. McGill, an engineer by background, owned and ran a successful single location boat dealership in St. Petersburg Florida. In 1997, Mr. McGill and a handful of other successful dealers were approached by a private equity firm that pitched the idea of consolidating their […]