Determining the value of a business outside of a building or property can be a challenge. Every successful deal requires a satisfied seller and a satisfied buyer. A successful business sale is when everyone feels like they have compromised a bit are usually the ones that become the best situations for everyone. A favorable sale is when the seller obtains…
Tag: How to sell your business
How to sell your business – part 10
So you want to sell your business? When you are preparing to sell your business keep running your business as you normally would – now is not the time to take long vacations or let sales slip! That’s it for our top 10 tips for preparing to sell your business. Next week we will start on a new series so…
How to sell your business – part 9
So you want to sell your business? Know why you are selling your business and be prepared to tell the prospective business buyer your reasons. Most business buyers are curious as to why you are selling and will ask for an explanation. Look for the final tip #10 in this series next week. Questions? Contact us, we specialize in business…
How to sell your business – part 8
So you want to sell your business? Brainstorm on ways to grow the business. All buyers are looking for ways to add to the work you have done by improving sales or cutting out unnecessary expenses. If you have ideas, be prepared to discuss them with your potential business buyer. Look for tip #9 next week. Questions? Contact us, we…
How to sell your business – part 7
So you want to sell your business? Keep this in mind when you are preparing to sell your business. Improve your curb appeal. Tidy your working space – first impressions make a big difference! Look for tip #8 next week. Questions? Contact us, we specialize in business valuations plus we have over 40 years’ experience connecting buyers and sellers. Call…
How to sell your business – part 6
So you want to sell your business? Consider your employees. Decide how and when you will communicate the sale with your employees. Because of the uncertainty involved, most business owners wait until the sale is imminent (or done) before sharing the news with their employees. A buyer is likely to keep your employees after the sale is completed, so treat…
How to sell your business – part 5
So you want to sell your business? Now this one is as simple as it comes. Organize your legal paperwork such as operating licenses, property leases, customer agreements and insurance documents. Know where they are, keep them handy, you will surly need them. So find a good file folder and have all of those documents at hand so when you…
How to sell your business – part 4
So you want to sell your business? Update your company’s financial statements and understand the nature of you firm’s revenues and expenses. Buyers will typically require 2 to 3 years of financial statements (profit-and-loss statements, balance sheets and/or tax returns) for their evaluation. Make sure you have supporting documentation for nonoperational expenses (fringe benefits such as your personal health insurance).…
How to sell your business – part 3
So you want to sell your business? Selling a business can be emotionally stressful. We are sharing 10 steps to help you maximize your success potential when selling your business. Stay tuned each week as we share the top 10! Tip #3 Learn the true value of your business. Since small business valuations can be complicated, many owners have no…
How to sell your business – part 2
So you want to sell your business? For many, selling a business is a once-in-a-lifetime event which can be an emotionally stressful for an owner. We would like to share with you 10 steps to help you maximize your success potential when selling your business. Stay tuned each week as we share the top 10! Tip #2 To avoid delays…
How to sell your business – part 1
So you want to sell your business? For many, selling a business is a once-in-a-lifetime event which can be an emotionally stressful for an owner. We would like to share with you 10 steps to help you maximize your success potential when selling your business. Stay tuned each week as we share the top 10! #1 Be ready to sell.…