When a buyer is interested in your small business, they will want to engage in a thorough examination often referred to as the due diligence process. Whether you plan to find a buyer for your small business or plan to sell to a business partner, employee or a family member, the due diligence process is a crucial step. If you need a refresher on just what due diligence means, just click here.
As concerns about inflation rise, many small business owners thinking about selling their small business have concerns. Learn how inflation may impact the price and ability to sell your small business
If you own and manage a business with a valuation under $2,000,000, and you’re seeking help from a business broker to market and sell your business, there is a strong chance that you may not get the help you need.
If your business structure is a corporation, then you filed for Articles of Incorporation through the Secretary of State’s office when you started the business.
When selling a business, the purchase price is determined by the separate values of the various assets and liabilities acquired from the transaction. What does this mean? In a nutshell, this means that when you negotiate a sale price for a business, you and the buyer must agree as to what portion of the purchase price applies to each individual asset, and to intangible assets such as goodwill.
As a business owner, you might find yourself walking on a fine line between full transparency and divulging too much information to your employees about the exit. Employees may be suspicious of what’s happening behind closed doors and begin to ask if current conversations will affect them.
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.
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.
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.
Ideally, as an owner, you want to ensure your business is not undervalued when the time comes to exit the business while a buyer doesn’t want to pay an inflated price. To achieve this, comparables are an excellent way to estimate the fair market value of your business.
