According to the Conway Center for Family Business, approximately 30% of family-owned businesses...
What does it mean to assign a business to someone like a family member?
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Resources
3 Common Bookkeeping Mistakes Most Small Business Owners Make
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.
How To Value A Small Business
Every business owner wants to know “how much is my business worth?” Let’s be honest, you built your business and it is probably a big part of your financial net worth and maybe selling it is key to your retirement planning.
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.
3 Things You Need To Know About Business Valuation
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.
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.
Should I Wait To Sell My Business? Ask Yourself These 3 Questions
When you exit your business may be based on a target date you set years ago based on careful...
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...