As an owner, deciding to sell your business can be a difficult and time-consuming experience, and one that requires proper planning and awareness of marketability. When evaluating a potential business for purchase, it is important to understand the owner’s commitment to the sale. Many owners have prepared from the early stages of the life of the business and have developed a detailed exit plan...Read More
Is earnest money or a breakup fee required when selling or buying a small business? The answer to this question may surprise you depending on who you are. If you talk to a business seller or a business buyer, they may answer you the same, however as you dig in a little more into their answer you will see a glaring difference in the answer. A business seller will have a very different...Read More
Imagine your financial advisor telling you to invest 80% of your net worth into one stock. This may sound crazy, but small business owners are doing this every day.
It is well known that investment diversification is one of the more important ways to reduce financial risk to an investment portfolio. According to Investopedia, “diversification is a technique that reduces risk by allocating...Read More
A key question many business owners struggle with is…when is the right time to sell my business for its maximum value? This is often a very personal decision with several aspects to consider. There are 5 key questions to ask yourself. Is my business growing, remaining flat or declining? For business with sales and profitability that are growing at rates of 10% or greater, they...Read More
Do you want to sell your business in the shortest time, for the most money? Here are some things to consider: Proper Preparation is Key
In a normal market with the right preparation, it takes on average 6 to 8 months to sell a business. If the work isn’t done ahead of time the business may never sell. To sell your business in the shortest time, for the most money:
It is important to have...Read More