Considerations When Evaluating a Manufacturing Company
- Does it have a viable product?
- Does the product offer a competitive advantage?
- Is it in a growing market?
- Does it have a professional management team in place?
- Does it have an experienced and reliable technical workforce?
- Is the process well-documented?
- Are current customers satisfied with the price/performance?
- Is their an associated parts business?
If the answer to all 8 questions is “yes”, my clients can focus their purchase decision based on finances – not technology. However, one or two “no” answers doesn’t necessarily mean it’s a bad proposition. Many companies are missing a key ingredient that prevents them from being successful. If they can be purchased at a discount, the cost of the business and investing in the change is usually much less than the real value of the company.
If you plan to purchase, sell or partner with a manufacturing company in the future, we encourage you to continue reading. If you believe we can be of service, call Ray Hicks directly at 810.610.3903.