Small Business Owners: The Future Might Not Be All That Uncertain
The value of your business is a prime example of a discoverable fact, yet if you are like 98% of the other small businesses in this country, you don’t know the answer.
The value of your business is a prime example of a discoverable fact, yet if you are like 98% of the other small businesses in this country, you don’t know the answer.
Surveys have shown that up to 75% of business owners deeply regret selling their company within 12 months of the transition. When the sale of a business can serve as a once in a lifetime event and provide generational-level wealth for entrepreneurs, how is it that so many can be disappointed by a transaction that …
3 Reasons Business Owners Regret Selling Their Company Read More »
With the many day-to-day concerns of the average business owner, saving for their own retirement can get pushed to the side and forgotten. After all, unlike their employee counterparts, the self-employed do not have immediate access to the simple and largely automated savings plans set up by most corporate employers. However, with a little time …
Creditors, investors and buyers all have one thing in common. They determine whether or not to lend, invest or purchase based on their opinion of the real and perceived risks within your business.
Is timing the market when planning to exit your business the path to success or an unrealistic expectation?
There are three primary factors to consider.
While a buy-sell agreement is critical to any closely held business, simply having an agreement doesn’t guarantee it will be effective. Ensure your legacy and the future of your business is protected.
Taking an extended vacation of two weeks or more on a regular basis can actually improve the value of your business.
Customer concentration is a common business challenge and one that affects your ability to sell or create value within your company.
While growing your top line is an attractive trait when it comes time to sell, there are other ways to have a far greater impact on your overall value.
In the early phases of starting and growing a business, how and when you exit is unlikely to be top of mind. Matters like how to increase revenue or make payroll tend to take priority. However, as your business begins to grow and scale, it is time to start thinking about the future. Whether we …