If you’re thinking about selling your business in the next few years, you’ll need a team of professionals on your side. At a minimum, your accountant, attorney, and wealth manager should be aware of your plans so they can help you avoid costly pitfalls and plan for a smooth closing. It won’t come as a […]
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Whether you regularly set New Year’s resolutions or not, the end of the year is a good time to be setting goals for your business. If you’re planning to sell or retire within the next few years, there are some steps you can take this coming year to make your business more attractive to a
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Your Company Value Depends On It Dream Business Brokers In this season of thanksgiving, most of us count the people we work with among our blessings. As a business owner, you probably take time to thank someone for their help, advice, or hard work every day. (If not, this is your opportunity to start.) Every
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Halloween is just around the corner, so we turn our attention to “ghoulies and ghosties and long-legged beasties and things that go bump in the night.” Here’s how to know if your prospective buyer is a trick or a treat. Recognizing Misleading Buyer Offers Some of the worst tricks come from zombie buyers. If you
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What an exciting Olympics that was. In a true test of the human spirit, we saw a range of emotions, including anticipation, excitement, happiness, relief, surprise, and misery, as well as disappointment. But what does all this have to do with selling your business? As it turns out, quite a bit. Chances are, you’re not
What do the Olympics and Selling Your Business Have in Common? Read More »
It Depends On Your Plan How do entrepreneurs decide on the right time to sell their business? Often, by the time an owner contacts us, they’ve already decided they’re ready to exit the company. They may just be burned out and ready to walk away, or they may have health or family issues that make
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Dream Business Brokers When owners ask us about the value of their business, they often ask about multiples. Multiples are calculated by dividing the market value of similar companies that have sold by certain values found on the company’s financial statements. One of the questions a seller must ask is what is the basis of the
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Dream Business Brokers Plenty of issues can hurt your company’s value when you put it up for sale. Some are deal killers, making your company unsellable. But most problems are fixable, given some time and investment. Here are some that raise immediate red flags for buyers. Books that aren’t clear and clean. Both buyers and
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Many business owners decide to sell their company to a family member, most often one of their children. Do you need a business intermediary to help with this kind of transaction? There are several ways a third party can help make the sale smoother. Here’s what to consider. Is the exit plan and transition to
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When prospective buyers start the due diligence process, vendor relationships are one factor they consider in their analysis. Here are a couple of questions they may ask. How concentrated are the company’s suppliers? Small companies can have simple handshake agreements with their suppliers since their orders are usually for commodities used in the manufacturing
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