You would think it would be easy selling a quality business in a seller’s market, but it never is. Using fishing vernacular, most fish are lost as the fisherman tries to get them into the boat. Particular care, experience, and focus are required to be successful. Even...
There are a host of reasons to include only true business expenses as you approach the time to sell your business. Here are some of the most important ones, and a few to keep out of your company’s financial statement. 1. The first two focal points a buyer will have...
1. Have a non-disclosure and confidentiality agreement ready for potential buyers to complete and sign, with a statement as to the amount of capital the buyer is prepared to invest. 2. Clean up their financial statements to minimize non-business expenses....
You may have been holding off going to market to sell your business, thinking there are limited buyers. Nothing could be further from the truth, if you have a profitable business. If the year of 2013 has been a comeback year for you, now is the time to consult with a...
Baby-boomers, a generation that started and grew hundreds of thousands of successful privately held businesses, are estimated to represent 75 million. The youngest boomers are 42 and the oldest are now over 60. Just as the boomers made major changes in the 1960s and...
With the expected upcoming surge of boomers wanting to retire and sell their businesses, the question is what will be the best timing to sell? When you consider supply and demand from a seller’s perspective, it is better to sell when the supply is limited. Despite the...
