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Preparing to sell
Why every business owner needs an exit plan
Every Small Business Owner Needs an Exit Plan Selling a small business is no easy task. In fact, over 80% of small...
3 Reasons To Sell Your Small Business To An Employee
Selling your small business to an employee can deliver a fair price and help ensure the legacy of your business conti...
How much does it cost to sell a small business?
Whether you plan for sale by owner or hiring a business broker, this article breaks down the fees to sell a small bus...
How Inflation May Impact Selling Your Small Business
As concerns about inflation rise, many small business owners thinking about selling their small business have concern...
Three Questions That Tell You How Easily You Could Sell Your Small Business
There are many reasons small business owners seek an exit from their businesses. Retirement, health concerns, simply ...
The Most Important Items To Include In A Promissory Note
If a purchaser of a small business does not have all of the capital to purchase the business, the seller may offer se...
Why Small Business Owners May Choose “for sale by owner” When Exiting Their Business
If you own and manage a business with a valuation under $2,000,000, and you’re seeking help from a business broker ...
What if I Don’t Dissolve my Business Properly?
If your business structure is a corporation, then you filed for Articles of Incorporation through the Secretary of St...
Selling A Small Business And Tax Considerations: What Sellers Need To Know
When selling a business, the purchase price is determined by the separate values of the various assets and liabilitie...
Closing A Small Business And Taxes: What You Need To Know
When you decide to close your business, whether the decision is based on plans for retirement or economic factors, ta...
Planning A Business Exit? Here’s How To Talk To Your Business Partner
Having a business partner brings with it a commitment to work together through highs and lows. Over time, you’ve...
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 p...
Terminology
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 ne...
What Is Seller Financing and Why Is It So Common When Selling A Small Business?
Traditional banks are one source of financing when a small business owner is selling a business. But when you dig int...
Seller’s Discretionary Earnings
Seller’s Discretionary Earnings is also referred to as Seller’s Discretionary Cash Flow, Adjusted Cash Flow, Owne...
Understanding Comparable Businesses in Small Business Valuation
Ideally, as an owner, you want to ensure your business is not undervalued when the time comes to exit the business wh...
Asset Purchase Agreement
What happens if you are struggling to sell your small business? What if a buyer is seeking some of your key assets bu...
Due Diligence
Due diligence is the process where the buyer has an unveiled look at the business you’re selling to investigate it ...
Business Continuity Plan
No one expects it but unforeseen circumstances do happen and cause major disruptions to your ability to run a busines...
Definitions Page
Exiting a small business will likely include preparing financial statements for potential buyers as well as obtaining...
What Is An ‘Add Back’ And Why Is It Important To My Business Valuation?
One of the first things that a prospective buyer will look at is the financial statements for your business (3 years...
What Is An Asset Purchase Agreement?
An asset purchase agreement is an alternative exit strategy for small business owners that do not want to sell their ...
Selling a Business
3 Reasons To Sell Your Small Business To An Employee
Selling your small business to an employee can deliver a fair price and help ensure the legacy of your business conti...
Questions Owners Ask About Business Valuations
Overview of small business valuations A lot of small business owners start planning their exit with questions about...
How much does it cost to sell a small business?
Whether you plan for sale by owner or hiring a business broker, this article breaks down the fees to sell a small bus...
Ten questions buyers ask during due diligence
When a buyer is interested in your small business, they will want to engage in a thorough examination often referred ...
How Inflation May Impact Selling Your Small Business
As concerns about inflation rise, many small business owners thinking about selling their small business have concern...
What does it mean to assign a business to someone like a family member?
According to the Conway Center for Family Business, approximately 30% of family-owned businesses make the transition...
Three Questions That Tell You How Easily You Could Sell Your Small Business
There are many reasons small business owners seek an exit from their businesses. Retirement, health concerns, simply ...
Selling The Business: How To Break The News To Employees
As a business owner, you might find yourself walking on a fine line between full transparency and divulging too much ...
What Is Seller Financing and Why Is It So Common When Selling A Small Business?
Traditional banks are one source of financing when a small business owner is selling a business. But when you dig int...
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...
Does It Make Sense To Sell Your Business To A Competitor?
Preparing to sell your business can be an emotional rollercoaster ride, and the last thing you may consider during th...
Understanding Comparable Businesses in Small Business Valuation
Ideally, as an owner, you want to ensure your business is not undervalued when the time comes to exit the business wh...
Finance
Why every business owner needs an exit plan
Every Small Business Owner Needs an Exit Plan Selling a small business is no easy task. In fact, over 80% of small...
Ten questions buyers ask during due diligence
When a buyer is interested in your small business, they will want to engage in a thorough examination often referred ...
How Inflation May Impact Selling Your Small Business
As concerns about inflation rise, many small business owners thinking about selling their small business have concern...
Basics qualifications for getting an SBA loan to acquire a small business
In a perfect world, a buyer interested in a small business would have the cash needed to pay 100% of the value...
The Most Important Items To Include In A Promissory Note
If a purchaser of a small business does not have all of the capital to purchase the business, the seller may offer se...
Why Small Business Owners May Choose “for sale by owner” When Exiting Their Business
If you own and manage a business with a valuation under $2,000,000, and you’re seeking help from a business broker ...
What if I Don’t Dissolve my Business Properly?
If your business structure is a corporation, then you filed for Articles of Incorporation through the Secretary of St...
Selling A Small Business And Tax Considerations: What Sellers Need To Know
When selling a business, the purchase price is determined by the separate values of the various assets and liabilitie...
Closing A Small Business And Taxes: What You Need To Know
When you decide to close your business, whether the decision is based on plans for retirement or economic factors, ta...
3 Common Bookkeeping Mistakes Most Small Business Owners Make
When selling your business, you need the financials to be ready. When it comes to the business financials, you’ll w...
Articles of dissolution, what is it, and why is it important?
Articles of Dissolution, what is it, and why is it important? Exiting a business, especially if you have not planned...
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 p...
Alternatives to Selling
Articles of dissolution, what is it, and why is it important?
Articles of Dissolution, what is it, and why is it important? Exiting a business, especially if you have not planned...
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 strat...
Asset Purchase Agreement
What happens if you are struggling to sell your small business? What if a buyer is seeking some of your key assets bu...
Do I Need A Legal Agreement If I Plan To Pass My Business To One Of My Children?
One of the biggest dreams for many small business owners is to pass their business onto their children. With many...
7 Things To Consider Before Passing A Business On To A Family Member
Passing a business down to a family member can be an occasion for celebration for the business owner and the family, ...
How To Manage The Stress And Disappointment From Closing Your Small Business
Data also suggests that many businesses close due to personal reasons such as illness/injury, age, or selling the bus...
3 Steps To Take Before Dissolving Your Business
Dissolving a business is the final step in shutting down a business and it is a must-do. When a business is dissolved,...
What Is An Asset Purchase Agreement?
An asset purchase agreement is an alternative exit strategy for small business owners that do not want to sell their ...
Personal
Selling The Business: How To Break The News To Employees
As a business owner, you might find yourself walking on a fine line between full transparency and divulging too much ...
Planning A Business Exit? Here’s How To Talk To Your Business Partner
Having a business partner brings with it a commitment to work together through highs and lows. Over time, you’ve...
4 Common Emotions A New Small Business Owner May Experience
There are various reasons why people are motivated to have their own businesses. According to a study conducted by Gu...
4 Signs That Burnout Is Driving You To Exit Your Business
The COVID-19 pandemic has undoubtedly affected small businesses. The most common impact is loss of revenue, reported...
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 th...
Business Continuity Plan
No one expects it but unforeseen circumstances do happen and cause major disruptions to your ability to run a busines...
Take These 3 Steps To Prepare For Exiting Your Small Business
Most small business owners aim to sell their business someday. According to a PNC Bank survey, 78% of owners plan to ...
4 Tips To Handle Emotions When Letting Go Of Your Small Business
One of the best things about having a small business is how much of your identity and passion you can pour into it. Y...
Risks Of Not Having An Exit Strategy For Your Small Business
Eventually, every owner exits their small business. This means you should have an exit strategy. Learn what is at ris...
Do I Need A Legal Agreement If I Plan To Pass My Business To One Of My Children?
One of the biggest dreams for many small business owners is to pass their business onto their children. With many...
7 Things To Consider Before Passing A Business On To A Family Member
Passing a business down to a family member can be an occasion for celebration for the business owner and the family, ...
3 Questions To Ask To Tell If Your Business Is Too Closely Tied To Your Personal Life
If you feel as if your life and business are intertwined, that’s probably because they are.
As a result, ...