Trade Tales

Ask Us Anything: Dwayne Bergmann on how to purchase another designer's firm

Episode Summary

Dwayne Bergmann on how to assess the financial health of a firm that’s on the market, a breakdown of the two most common types of business acquisitions and how a simple pros and cons list can help identify the challenges that lie ahead when it comes to leading a firm.

Episode Notes

Dwayne Bergmann joins the show to answer a question from a fellow designer who recently received an offer from the principal of her firm to purchase the business. Naples, Florida–based Bergmann jumps in with advice on how to assess the financial health of a firm that’s on the market, a breakdown of the two most common types of business acquisitions and how a simple pros and cons list can help identify the challenges that lie ahead when it comes to leading a firm.

LINKS
Dwayne Bergmann
Kaitlin Petersen
Business of Home