By Matt Silasiri – Marketing and Business Development Manager Most business owners agree exit planning is vital to a successful transition of business ownership, but few have a formal exit strategy in place. Below are the 3 phases of exit planning, and the major questions each stage answers. Discover What is the current value of...
Published by The Center for Financial, Legal & Tax Planning, Inc With the year ending, it is time for everyone to prepare for the upcoming tax season. This season, especially for business owners, can be very stressful. Many business owners may be on edge when considering the possibility of footing a large tax bill. The...
By Matt Silasiri – Marketing and Business Development Manager Good news and bad news. Let’s start with the bad, shall we? In a recent survey of 493 business brokers and M&A Advisors, 23% of advisors ranked “unrealistic seller value expectations” as the #1 reason deals fall apart (Market Pulse Q4 2022). Here's a list of...
By Matt Silasiri – Marketing and Business Development Manager The Boy Scouts of America have a simple motto that has served them well since 1908: "Be Prepared" Preparation is a key ingredient in success, and nowhere is that truer than when the time comes for a business owner to exit their business. So, how prepared...
By Matt Silasiri – Marketing and Business Development Manager One of the more staggering statistics from the 2023 Minnesota Owner Readiness Report was the following: 39% OF ALL BUSINESS OWNERS ARE NOT FAMILIAR WITH ALL OF THEIR TRANISITION OPTIONS. Let's take a look at a basic breakdown from the report: Are You Familiar with All...
By Matt Silasiri, Business Development Team Lead Importance of Exit Planning for MN Baby Boomer Business Owners The baby boomer generation in Minnesota is reaching a significant transition point as they prepare for retirement. A wave of baby boomer entrepreneurs will soon be seeking the best path to ensure the future success of their businesses....
By Manuel Santana Business Broker, CBI, MBA The following exchange has been edited for confidentiality. The Business Owner has been a commercial construction contractor for over ten years and was discussing a valuation engagement for transition planning. Business Owner: "With interest rates so high right now, I'd think that should be driving down the value...
By Lisa Meyer Licensed Business Broker, Sunbelt Business Advisor, Featured in Upsize Magazine Have you ever considered exiting your business but wondered what steps you can take to maximize your proceeds? You can do several things to maximize your price, terms and tax efficiency when you are ready to sell and enter the next chapter of...
By Keith Payne Licensed Business Broker, Sunbelt Business Advisor and Independent Insurance Specialists Does this sound like you? You’re somewhere between the ages of 40-60, have built a well-established, successful business over the past 20+ years and you’re not quite ready to retire. You still have some of the passion you had when you started, but...
