Selling your small business to an employee can deliver a fair price and help ensure the legacy of your business continues.
3 Reasons To Sell Your Small Business To An Employee
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Resources
Learn your options, essential terms and more!
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...
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....
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 Guidant Financial, 55% of aspiring small business owners believe that having their own business is a great opportunity to be their own boss. The second out of the top responses is to pursue one’s passions in their own business.
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.
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.
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 this time is selling your business to a competitor.
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.
Seller’s Discretionary Earnings
Seller’s Discretionary Earnings is also referred to as Seller’s Discretionary Cash Flow, Adjusted Cash Flow, Owner Benefit, Recast Earnings, or Normalized Earnings.
Due Diligence
Due diligence is the process where the buyer has an unveiled look at the business you’re selling to investigate it from the inside so that they can make an objective decision about your business, and make a buying decision or not.