Selling Your Business
How to Accurately Evaluate Your Small Business Worth Before You Sell
Do you own one of the more than 36 million small businesses in the United States? If you’re preparing to sell your business and move on to your next adventure, you’ll need to accurately assess its value before you list it. Otherwise, you run the risk of leaving money on the table or delaying a…
Read MoreSelling Your Business? Know Its Full Value Before You Let It Go
If you’re preparing to sell your business, finding out its true value is one of the most important steps you can take. Many business owners rely on rough estimates or allow their emotions to impact pricing. Undervaluing your business can leave money on the table, and pricing it too high could keep it on the…
Read MoreStaff Timing Mistakes That Could Derail Your Business Sale
Want to sell your business? If so, it’s vital to let your staff know what’s going on. But if you communicate the news too early or too late, you could derail the deal altogether. Deciding when and how the employees will be informed is one of the most overlooked and dangerous moves in a successful…
Read MoreFranchise Resale Stress? What Smart Owners Need to Know Now
Selling an independent business is rarely simple. If you want to sell your business, and it happens to be a franchise, you’ll encounter additional hurdles. The transaction has to get approved by the franchisor, and you may be subject to resale restrictions. As a small to mid-sized business owner, you are already juggling operations and…
Read MoreReady to Sell? Here’s a Practical Checklist for Confident Sellers
Selling your business is about more than just connecting with the right buyer. The negotiation and due diligence phase can be stressful for sellers, and if a buyer encounters anything they see as a red flag, the deal may fall through. When you understand how to prepare for the due diligence process, would-be buyers are…
Read MoreCan Incomplete Financial Records Kill a Business Sale?
When you’re selling your business, providing transparent financials is vital. If your records are incomplete or disorganized, buyers might think that your company poses a financial risk or even that you’re deliberately trying to hide something. You likely already know that an accurate business valuation is essential to a sale, but that’s just the beginning.…
Read MoreSelling Your Small Business? How to Spot These Buyer Warning Signs
Selling your business involves making your company look good to potential buyers. Unfortunately, however, not all buyers are qualified. If you miss key red flags, you could end up wasting time with someone who ultimately will not buy your company. Whether you’re preparing for a sale or your business is already on the market, it’s…
Read MoreWhen Business Partners Disagree on Selling: What You Need to Know
Selling your business is challenging enough when you’re the sole owner. If your company is a partnership, you might find that the transaction goes seamlessly, or you may have a partner dispute that stalls the sale. Here’s a closer look at some common causes of partner disagreements and some helpful conflict resolution strategies. Common Causes…
Read MoreTake Charge of Your Future: Simple Steps to Sell Your Business
Have you recently decided to sell your business? Selling a company is a significant life change, and the sales process can be complex. While there are many steps involved in selling your company, the process breaks down into three phases — choosing the time to sell, optimizing your company to attract buyers, and confidently navigating…
Read MoreNavigate the Sale With Ease: Expert Tips for Business Owners
One of the biggest and most challenging decisions you can make is to sell your business. Ownership changes represent big milestones in small companies across the country. A recent poll suggests that more than a third of business owners plan to sell their companies in the next two years. Whatever motivates you to make the…
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