The sale of your business can be very rewarding! If the process is done correctly, you can receive a great return for years of hard work and leave with a sense of fulfillment. Don’t let common mistakes turn the experience into a nightmare. Many of the pitfalls that business owners run into are a result...
There are many benefits to buying a franchise. You can avoid the headaches of a start-up and open the doors with a recognized name and product line. Franchise owners benefit from brand-loyal customers, company advertising campaigns, and other resources that are already developed and tested. However, the wrong business choice can also bring a long...
You have worked hard to build your business into a successful operation. To have an equally successful sale, it is important to prepare. You have most likely invested long hours into the development of your business. Whether you are ready for retirement or planning a new venture, you will want to get the full value...
A late April 2020 survey of over 300 small to lower-middle-market US-based companies shows one-third of respondents with Covid-impacted revenue being flat or up as compared with same period for 2019. Companies that have maintained or grown their historical revenue and profit during the Covid lockdown will be considered “pandemic-proof” and their valuations will reflect...
Families who own businesses are getting this piece of New Year’s advice: Sell. Not only is it a great time to put a private company up for sale while the economy is strong and many deep-pocketed buyers are circling, wealth advisers are also reminding clients of looming political uncertainty toward the end of 2020. If...
One of the key documents for marketing your business for sale is your Selling Memorandum or Confidential Business Profile. Your Selling Memorandum is a well organized, detailed and comprehensive book that should contain enough information to rouse interest, answer questions and help a prospective Buyer see your businesses strengths and its greater opportunity. This valuable...
You know everything there is to know about running your business but how much do you know about selling it and how to NET the most when you do? Have you ever sold one? How many? How successful was it? Did you have a sea of buyers competing for it? As business owners...
I recently heard P J Fleck, coach of the University of Minnesota Gophers Football team say, “We play as a team of players not a group of players.” That got me thinking about how we operate at Sunbelt Business Advisors. Successful business owners usually have their own personal support team; perhaps a CPA or group...
Business owners are surprisingly predictable when it comes to selling their companies. When revenues are rising and money is cheap; they delay. This can have serious consequences when the market turns. Every business owner will exit their business someday. The decision to sell is often both personal and financial. The personal reasons can vary widely,...
