Selling a Business

Should I Sell My Business Now?

Many business owners have worked in and on their companies for so long that their lives have become unbalanced. They spend all their waking hours working, so: (1) they have no outside activities or hobbies, and (2) they can’t imagine themselves no longer working. And, when it’s time to sell (i.e. I’m burned out, my doctor says I’m too stressed from my work, my wife wants us to move closer to the grandkids, etc.), they make excuses for not moving forward with their lives.

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By Tom
August 26, 2019

Avoid the Biggest Deal Killer – Time

When working with business owners who want to sell their business, they often fail to grasp the important of momentum in getting a deal completed. I know they have lots to do each day just running their business.

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By Tom
August 21, 2019

Biggest Myths about Selling Businesses

While containing a lot of humor, article exposes ten timeless “fairy tales” about selling a business. Some of these myths sound reasonable, but experience tells us otherwise. This article will give you unbiased reasoning that will help you separate the truth from fiction.

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By Tom
July 30, 2019

When Should You Sell Your Business?

For instance, selling simply because you’re exhausted or can’t stand managing day-to-day operations anymore can drastically reduce the value of your company. But bailing out under other circumstances may prove profitable.

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By Tom
July 13, 2019

Developing Realistic Asking Price for Your Business

Every business owner, regardless of size of the company, must execute a plan for divesting his/her interest in the business – often called an exit strategy. The business owners can give it to his family through a will, sell to his/her employees or to an outside party, or take the company public. For most business owners, based upon the size of their company and lifestyle considerations, selling their company is the best option.

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By Tom
May 6, 2019

Importance of Reasonableness When Selling Your Business

I read an interesting article about one of the challenging aspects of being a business broker. While successful business are often experts, or at least very knowledgeable about their business and the industry in which they operate, this knowledge often gives them a false sense of their expertise in other areas as well. This leads them, after a few conversations with their peers, and the reading of a few articles or books, to reach a hard-coated conclusion about the price and terms they expect to receive for the sale of their business.

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By admin
April 22, 2019

Understanding Reality When Selling Your Business

I was the broker for the owner of a company in a declining industry. Like many other businesses in this industry, this company was experiencing declining revenues – caused by the decline in the overall economy and the long-term trend of this industry.

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By admin
April 20, 2019

Selling My Business

Preparation to sell (or exit) your company should be considered as an integral part of your business plan. Exit planners often advise business owners to consider a strategic plan for exiting before starting or even acquiring a business. This may seem premature, but proper transaction execution for the sale of a company takes strategic orchestration. Your financial advisory team should include a Business Broker or M&A Advisor, an Estate Attorney, Transaction Attorney, and a Tax Accountant. As you prepare to sell your company, you should consider the many challenges involved.

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By admin
March 28, 2019

Enjoy
the ride.

Take the mystery out of selling your business. Reach out to us today to discuss your specific goals.

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