Having a business partner brings with it a commitment to work together through highs and lows....
Planning A Business Exit? Here’s How To Talk To Your Business Partner
read more
Three Tips For Getting Your Financials Ready To Share With A Buyer
The tax returns serve as a legal, objective verification of the amounts that you claim your business has earned. A potential buyer will want to see federal income tax forms that document your company’s gross sales as well as its net profit or loss.
What is a multiple and how does it apply to what a business is worth?
Like any small business owner, you want to know how much your business is worth. Once you receive an estimate, the next question may be, “how was this calculated?” A multiple is a number you would use when calculating the value of a business.
How To Value A Small Business
Every business owner wants to know “how much is my business worth?” Let’s be honest, you built your business and it is probably a big part of your financial net worth and maybe selling it is key to your retirement planning.
Why You Need To Think About Digital Marketing Before Selling Your Business
Digitalization is rapidly taking over society and an online presence is a must for any business. As a small business owner, you are always looking for ways to reach more customers and grow your revenue.
3 Things You Need To Know About Business Valuation
In a study conducted by Massachusetts Mutual Life Insurance Company (MassMutual), 70% of entrepreneurs think about the value of their business on a regular basis. However, they don’t always have precise knowledge of what the actual business value is.
When Is The Right Season To Sell Your Business
Planning to sell your business can seem to be overwhelming. How much is the business worth? Who will buy the business? What happens to my employees? When should I sell the business? Well, there is no definite selling season that every company abides by.
5 Things You Can Do When Your Business Value Is Not What You Expected
If the valuation for your small business that is lower than what you expected, we have tips on alternative exit strategies to consider.
Retiring Boomers And Their Impact In Small Business Transition
We are currently in the midst of the silver tsunami. That is, entrepreneurs aged 55–73 years old who are part of the Baby Boomer generation, are now retiring from their businesses or are currently in the stage of transitioning their businesses.
Why I Started ExitGuide
In the spring of 2020, I heard a story on the radio about baby boomers that want to retire yet are struggling with exiting their small businesses. As an entrepreneur, this struck me as odd – how can this be an issue? A few hours later I was searching online for more information and was shocked at the magnitude of the issue.