If you’re a business owner considering selling his/her business, it’s helpful to know some basic statistics regarding averages for selling a business.
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By TomThere is a well-known business adage that says “every company is for sale at the right price.” Whether you’re actively selling your business or just mildly interested, preparing your business for sale will help improve current efficiency and bottom-line profit by exposing ineffective processes and operational deficits.
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By TomI read a very informative article on ExitPromise recently, which addressed these four important topics: “Why Does a Business Need an Employment Agreement”, “Types of Employment Agreements”, “What Must Be Included in an Employment Agreement”, and “Are There Drawbacks?”
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By TomA business owner should always make sure their business is ready to sell – even if there are no plans to put it on the market.
“If you own a business, the way you should build it, run it and manage it (should be) as if you intend to sell it,” said Wayne Bidelman, a business coach with Advicoach, a small-business training and mentoring firm. “That means you’ve done everything to maximize its value.”
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By Tom