We've been through too many deals where business owners didn't have any choice but to sell their companies for less than what they expected. Why? Because they didn't plan ahead, and life events forced them to get out before they planned to. If there would be one thing to take away from this email, it's...
As we move into a new year, tightening up your business's financials is one of the best ways to set yourself up for success. Poor financials and financing issues are the biggest obstacles we commonly see when trying to complete a business sale. Here are some practical steps to help you tighten up your financials...
Donald Trump has re-entered the oval office this week and has begun his second term as president. This will quickly change the environment that your business is operating in. Here are some changes that may be coming: Deregulation: Trump has favored reducing regulation on businesses, which could encourage innovation, job creation, and investment. It tends...
A recent article from Forbes shows that between 2025 and 2028, business owners might be compelled to sell based on key financial, economic and political conditions. Lower inflation and recently announced rate cuts from the Fed are good news for business owners considering an exit; and 60% of chief executives saying they plan on completing...
You Decide if You Want a Successful Sale As a business owner, you likely understand that selling a business isn't a piece of cake. Yet, many of you neglect getting a plan in place ahead of time. Why you do this, we are still unsure. But if you do decide to take action ahead of...
Blog adapted from Electrical Contractor Magazine Why would you sell? Perhaps you are bored with the daily routine. The industry may have changed in ways you don’t want to have to accommodate. You may want to retire, but there are no family members who are ready or willing to step into your job. Key managers...
Please lean on your trusted business partners to be more informed about the changing environment. Here at Sunbelt Business Advisors, we love working with our partners for information and knowledge. The Minnesota Chamber of Commerce provided helpful information for how new policies will impact your business. Great information can be found: What happened in the...
As of January 1, 2025, certain entities are required to complete Beneficial Ownership Information* (BOI) reporting. Please note that this responsibility falls directly on you as the entity owner. Action Required: Ensure that you complete your BOI reporting by January 1, 2025, using this link (BOI E-FILING) For the filing, you’ll need: Basic information on beneficial...
Positioning Your Business Amidst Market Shifts With Trump back in office, business owners are once again facing a potential wave of policy changes. Now is the time to consider how these shifts could influence the sale of your business. Economic and Market Optimism The market is already reacting positively to Trump's win, with valuations projected...
