Jul 10, 2018 | Prep Your Business For Sale
However a business owner makes it to that critical moment when he or she decides to sell, it’s important to realize that this is the beginning of an entirely new process. Whatever amazing expertise he/she may possess in running a business, selling a business is...
Aug 10, 2017 | Prep Your Business For Sale
Selling a business is fraught with all sorts of challenges. One of the most important ones is how to deal with employees. If handled thoughtfully, they can make the transition almost effortless. If handled poorly, you could end up with a deal that doesn’t close. Do...
Jul 10, 2017 | Prep Your Business For Sale
One of the most important steps in getting a business ready for sale is preparing for a valuation. An important step in this process is making sure that the proper Cash Flow adjustments, or “add-backs,” have been made to your annual Net Profit. While we see lots of...
Feb 15, 2017 | Prep Your Business For Sale
There are many reasons why you might not be able to sell your business, but today we want to focus on three in particular. Think of them as the ghosts of business past, present, and future. 1.The Ghost of Business Past: You have a lopsided company Now, many businesses...
Jan 18, 2017 | Prep Your Business For Sale
What’s my business worth? This is a question any owner might ask himself when he/she is ready to sell. You close your eyes and think of all those long hours, sleepless nights, times you personally covered payroll (or didn’t take a paycheck), and struggle to put a...
Feb 24, 2016 | Prep Your Business For Sale
Creating business value normally requires that the business owner be intentional about their business. That means there’s a business plan, business strategy, and an exit strategy. The business value has various elements, including: Profitability – Assuming...
