When selling your business, you need the financials to be ready. When it comes to the business financials, you’ll want to make sure that all the t’s are crossed and all the i’s are dotted.
Selling your business could be quite stressful if you are trying to do it yourself.
Resources
Learn your options, essential terms and more!
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.
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.
Comparables
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.
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 sell their business to fund between 60% to 100% of their retirement.
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. You’ve put your heart and soul into every step or decision and invested a significant amount of time, money, and effort.
3 Tips To Prepare Yourself Emotionally For Exiting Your Business
Letting go and moving on is always difficult. It means that you need to free yourself from some aspects of your past. But when it comes to selling or winding down your business it combines with many factors like fear, loss, grief, regret, stress, and many others. This is more than a business transaction!
3 Common Exit Strategies For Small Business Owners
Every business reaches a point where the owner decides to exit the business. It’s inevitable, yet...