Paying too much, and nine other mistakes to avoid when buying a company

With the economy growing substantially as well as the low cost of capital, many business owners are considering making an acquisition as part of their growth strategies. In the past few months, I have been asked by many business owners about the risks inherent in making an acquisition. Photo provided by Mark T. OslerGary Miller I tell them that most accomplished acquirers admit that they have learned more from their mistakes than from their successes. Current market conditions suggest it is a seller’s market with frothy multiples. Therefore, a comprehensive assessment of the acquisition “target” is a must. In my experience, there are 10 major mistakes to avoid. Not doing… Read More

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These are the 20 least corrupt countries on earth

Transparency International on Wednesday published its latest Corruption Perceptions Index, a global ranking of fairness around the world. The ranking of 180 countries is based on the level of public sector corruption in 2017, according to businesspeople, journalists, and civic organisations. Higher-ranked countries tend to have more press freedom, access to information about public spending, and independent judicial systems. Countries are given a score out of 100, with those scoring highly being the least corrupt. Keep scrolling to see the list, which is ranked in ascending order. SEE ALSO: These are the most corrupt countries in the Western world Here’s a map of the countries on the index — darker… Read More

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THE INSURTECH REPORT: How financial technology firms are helping — and disrupting — the nearly $5 trillion insurance industry

The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. That’s because these legacy players have been even slower to modernize than their counterparts in other financial services industries. This has created an opportunity for a group of firms known as insurtechs. These startups are leveraging new technology and a better understanding of consumer expectations to increase efficiencies in the insurance industry. Some are helping incumbents deliver better end products, while others are directly competing with legacy players. In a new report from BI Intelligence, we look at the drivers behind the increasing number… Read More

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I drove a $63,000 Ford Raptor pickup truck for a week to see if it lived up to the hype — here’s the verdict (F)

We tested the Ford Raptor, a pickup truck that goes to 11 and then some. While I didn’t bust through the wilderness with this high-performance offroader, I did take it on a couple of long drives. The Raptor truly is something special. But it’s not for everybody, especially if you don’t like to buy gas. Besides teaming up with Domino’s to deliver pizza by driverless cars, Ford has a Performance division that does exactly what you’d expect from a performance decision: create go-fast vehicles, ranging from the Fiesta ST at about $21,000 to the ultra-exclusive $400,000-plus GT supercar. In the mix, remarkably, is a pickup truck: the Raptor. Makes sense.… Read More

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