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Mike Blake, President of Arpeggio Advisors in Atlanta, a business appraisal and strategic advisory firm joins Enterprise Radio to discuss how to buy a business.
Listen to interview with host Eric Dye & guest Mike Blake discuss the following:
- Why buy a Business? Isn’t it a huge hassle?
- Isn’t buying a business just for billion dollar firms or private equity moguls like Warren Buffet and Mitt Romney?
- How do I find a business to buy?
- What does the business-buying process look like?
- How does one pay for the business?
Summary: Have the target business appraised. You wouldn’t buy a house without an appraisal, and you wouldn’t buy a car without looking up the Blue Book value. Appraising a business before buying makes even more sense because the value drivers are usually much more complex. You’ll be in a position to take advantage of a bargain, and avoid wasting time with unrealistic sellers.
Mike Blake is the founder of Arpeggio Advisors, a boutique business appraisal and corporate strategy advisory firm in Atlanta. Mike’s background has included work in venture capital, investment banking, and public accounting.
For the first eight years of his career, Mike worked in venture capital and investment banking in the U.S. and abroad. In 2004, Mike entered the business appraisal profession full-time, working most recently for Habif, Arogeti & Wynne, LLP (the largest independent public accounting firm headquartered in Atlanta). Mike led HA&W’s effort to become the first appraisal practice in Georgia to earn the International Society of Business Analysts’ Gold Seal of Trust, the only peer review recognition for observing best practices in the business appraisal profession in the United States.
Mike has particular expertise in the appraisal of firms in the fields of professional services, information technology, aerospace, and alternative energy. In addition, he has developed specific expertise in the appraisal of intellectual property and intangible assets.
Mike is an active educator. He is a Special Instructor of Business Valuation in the Georgia Tech/Emory University TI:GER (Technology Innovation: Generating Economic Results) program. In addition, he is regularly invited to provide instruction on entrepreneurship, corporate finance, and business valuation to graduate level classes at the Georgia Institute of Technology, Emory University, Kennesaw State University, the University of South Carolina, Georgia State University, and the University of Georgia. Furthermore, he regularly provides continuing professional education for his peers in the business valuation profession.
Mike earned a Bachelor’s degree in Economics and French (Cum Laude) from Franklin & Marshall College, from which he graduated Phi Beta Kappa. In addition, he holds a Master of Business Administration degree from Georgetown University. Mike is also a member of the Leadership Atlanta Class of 2014.
Mike’s additional professional and community-service passions include supporting entrepreneurship through education and nonprofit board involvement, raising awareness of and funding to combat Lou Gehrig’s Disease, promoting alternative energy development through market forces, advocating for de-stigmatizing mental illness and disorders, and expanding the inclusiveness of the Atlanta high technology community.
Mike speaks Russian, French, and Ukrainian, lives near Atlanta with his wife and two sons, and plays keyboards and vocals for Kickin’ Off the Coverz, a working classic rock cover band.
Website: www.arpeggioadvisors.com
Twitter: @unblakeable
