Sell Your Business In The Shortest Time, For The Most Money…
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 a clean set of financial statements, preferably 3 years of comparative numbers. A prospective buyer is going to rely on this information when he makes his offer, so the numbers must be verifiable. Nothing kills a deal faster than information presented that cannot be substantiated. Ask your advisor or trusted business friend to role play with you to (more…)
Read MoreBusiness Transaction Market Update
Transaction Growth Up More Than 41% from Same Period Last Year
Small business sales have continued to improve through 2013 and into the Third Quarter as a result of the improving overall economy, strong supply and demand fundamentals (i.e., an aging business owner demographic and an increase in the number of qualified business buyers) and continued improvement in small business performance. (more…)
Read MoreKey Factors that Increase or Decrease Business Value
There’s a range of key factors that can affect the value of a business. While some of these factors are outside of the owner’s control, steps can be taken to make the business as valuable as possible. Start planning well in advance and consider inserting an exit strategy into your original business plan. Then start implementing the factors that increase value and eliminate the factors that decrease the value. (more…)
Read MoreIf you are thinking of selling your business… How is your Exit Plan?
A business should be a constant ball of energy moving in different directions as the economy changes, new tools and innovations come to the market, the stress and strain from competitors and the ever changing demands of customers. This is what gets an entrepreneur out of bed every morning; the chance to do something different, learn something new, to see the rewards of hard work, to plant new ideas and watch them grow or to help someone do something they thought they may not be able to do. (more…)
Read MoreFederal Capital Gains Tax Rates – Where Are They Headed?
Since 2003, the top tax rate on most capital gains has been 15% for people in the 25% or higher tax bracket. Although a lower level tax rate has also been in place since 2003 for people in the 15% or lower tax bracket, this rate is only applicable until a person has enough income to cause him / her to enter the 25% tax bracket. As a result, for people incurring a capital gain from selling a business, most of them are in at least the 25% tax bracket so the top 15% rate is generally the rate they experience.
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