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.
Most small business owners aim to sell their business someday. According to a PNC Bank survey, 78% of owners plan to sell their business to fund between 60% to 100% of their retirement.
Eventually, every owner exits their small business. This means you should have an exit strategy. Learn what is at risk by not having one in place and what to do.
When was the last time you clicked on an advertisement while visiting one of your favorite...
One of the first things that a prospective buyer will look at is the financial statements for your...
When selling your business, there are many strategies you can use to increase the valuation of...
Passing a business down to a family member can be an occasion for celebration for the business owner and the family, there are several considerations the business owner has to keep in mind to make this process as streamlined as possible.
If you feel as if your life and business are intertwined, that’s probably because they are.
As a result, it might be difficult to distinguish between the two. Failing to establish clear boundaries between your business and personal lives can have a substantial influence on both.
Data also suggests that many businesses close due to personal reasons such as illness/injury, age, or selling the business.
One of the most challenging decisions business owners like you have to make is who will succeed you. Who will be the best person to carry on the vision of the business or to take it to new heights?
