Mark Bamforth’s M&A handbook contains a great piece of advice he used to grow Gallus BioPharmaceuticals
By Dennis Seeds | [email protected] Interview by Gregory Jones | [email protected] Mark Bamforth remembers arriving in the United States in 2000 from his native Scotland — and receiving some powerful advice from his new CEO. “I was working for the biotech company Genzyme — and the day I arrived he told me that Genzyme was […]
How startups and young companies can get funding
“Friends and family are still the largest source of capital for companies in the early stages of development, but the current funding market presents several additional options for young companies. Be open-minded and investigate numerous sources of capital,” says Thomas C. Armstrong, corporate attorney at Berliner Cohen and a FINRA registered investment banker. Smart Business […]
How to effectively tax plan for your next M&A deal
Tax planning is a key component of mergers and acquisitions for both buyers and sellers. It can impact the deal price and play a role in the post-transaction integration. Tax issues are probably more stressful for sellers, because if there are tax exposures they may need to make representations and warranties. It also can have […]
Terry Davis: A model for nonprofits doesn’t include financial stability
Our Lady of the Wayside is privileged to take care of children and adults with developmental disabilities. The only way our nonprofit can successfully support these 500 individuals is by taking care of business. Now, buckle up because this is where I step over the yellow safety line and put into print what could be […]
Cheryl Strom: Succession planning is not just for retirees, don’t put it off to the end
Entrepreneurs who have built growing, profitable businesses know how to overcome enormous obstacles. Along the way, they have accumulated deep knowledge of their end-markets and make decisions based on decades of experience. Nonetheless, I hear a common line when speaking with entrepreneurs about ownership changes for their long-term transition: “I’ve never done this before.” Even […]
Davis Young: Getting through in a negative environment will challenge all your communication skills
Can you name a single aspect of business that doesn’t require communication? Of course not. Whether that communication is internal, external or both, nothing happens that doesn’t demand effective communication. If you want to win, it needs to be done well. That just makes common sense. What isn’t logical, is the environment in which businesses […]
Mark Scott: Why being bold is so much better than just playing it safe
It’s a scary feeling when you see great opportunity for your business but have serious doubts about your ability to capitalize on it. That’s precisely the situation Jim Beck, CEO of Nature’s Best, found himself in more than a decade ago. The distributor of vitamins and health and beauty aids had an outdated warehousing system […]
Mission: Akron: Making your worldwide debut
You have invented the next big thing, a breakthrough in the medical device, polymer, energy or tech industries. Now what? How will you reach customers? How will you manufacture it? How will you recruit talent? To whom will you go to get the funding you need to develop the business in its pre-revenue stages? The […]
Edmunds.com gives unlimited vacation, but employees treat it with discipline
If you work for Avi Steinlauf at Edmunds.com, you can take as much vacation as you want. It may seem like a slacker’s dream come true, but Steinlauf says employees have embraced the move with just the right mix of appreciation and discipline. “It’s something we piloted in 2011 with a few work teams and […]
Tuesday Musical Association uses education and events to promote the musical arts in Akron
The Tuesday Musical Association has been providing classical music concerts to the Akron community for more than 125 years. Its mantra, “Presenting the Finest,” is exactly what it does, according to Jarrod Hartzler, executive director of the association. “Most of the world’s most successful and acclaimed musicians have appeared on our concert stage. Annually, musical […]