If a purchaser of a small business does not have all of the capital to purchase the business, the seller may offer seller financing/owner financing.
The Most Important Items To Include In A Promissory Note
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Resources
Learn your options, essential terms and more!
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 to market and sell your business, there is a strong chance that you may not get the help you need.
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 potential buyer will want to see federal income tax forms that document your company’s gross sales as well as its net profit or loss.
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.
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.
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.
5 Ways to Add Value to Your Business Prior to Selling
When selling your business, there are many strategies you can use to increase the valuation of...