ᯓ➤ Ben - CIMs for M&A @CIMbuilder

Posts on how to analyze, buy, and build to sell businesses 🤝 2x founder with a passion for M&A @ https://t.co/mLOuDPBHWn and https://t.co/8fT5iaU0MC (coming soon) Joined June 2018

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

18 hours ago

Have you heard of the term "going concern?" Going concern assumes a business will continue operating normally for at least the next 12 months without needing to liquidate assets, cease operations, or seek bankruptcy protection. Under the going concern principle, assets are…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

20 hours ago

Did you know Apple went through a turnaround process after being in distress? In 1985, Apple Computer was riding high on the success of the Apple II, but cracks were already showing. When Steve Jobs was ousted in a boardroom coup, the company began a decade-long descent that…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

a day ago

DO NOT buy a distressed business expecting an easy turnaround. Assess the upside, assess the risks, hire professionals to help you, learn constantly, and you might succeed. It will NOT be easy, but it WILL be rewarding.

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

2 days ago

“In the heart of every man lies a kingdom; our quest, then, is not conquest, but the unveiling of our own majesty.” - Maestro Benedetto

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

2 days ago

Seidman-Becker's success with CLEAR offers several key lessons for distressed business turnarounds: 1) Where others saw a failed airport security company, she saw a platform for identity verification across multiple industries.. 2) By honoring previous memberships and focusing…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

2 days ago

While the original CLEAR was narrowly focused on airport security lines, Seidman-Becker had a vision to roll out biometrics at a scale the U.S. had not yet seen. She saw CLEAR not just as an airport convenience tool, but as "the definitive secure identity platform" far beyond…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

2 days ago

Baffling that we now need pills to socialize

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

2 days ago

In 2010, Seidman-Becker and her partner Ken Cornick bought Verified Identity Pass out of bankruptcy for approximately $6 million at a bankruptcy auction. Most people thought she was crazy. The company had burned through over $100 million, disappointed hundreds of thousands of…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

2 days ago

In 2003, Steven Brill, founder of Court TV and American Lawyer magazine, founded Verified Identity Pass and launched the CLEAR program as a response to the September 11th attacks. The concept was simple: pre-screened travelers could skip long airport security lines through…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

3 days ago

Distressed business acquisitions actually have limited downside and substantial upside. Let me explain. By purchasing at or near liquidation values with a solid strategy to re-establish going concern, you're essentially establishing a valuation floor. If your turnaround…

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

4 days ago

What do you want to learn about distressed business acquisitions?

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ᯓ➤ Ben - CIMs for M&A @CIMbuilder

5 days ago

When a PE group acquires a local market leader and runs it into the ground, there is hole that develops in that local market for that service. Competitors (including bootstrapped new businesses) will inevitably fill that hole. And PE will come along and acquire the local market…