While creating a business plan, most owners focus on inventory, capital, profit, workforce, and cash flow. The business plan guides business operations toward success and growth. There is no end goal, just continued success and growth. On the other hand, an exit plan addresses the tax, financial, business, personal, and value creation issues involved in …
4 Reasons Why Exit Planning Is Smart Business Strategy Read More »
The Right Time to Sell a Business Are you considering selling your small- or medium-sized business? If so, timing plays a significant role in getting the best price and finding the best buyer that fits you and your company. It is almost impossible to have this information beforehand; however, you can look for a good time to sell by observing your company’s performance, industry conditions, and the …
The income approach of business valuation does not depend on historical market transactions of similar types. It bases the company’s value on the present value of its future earnings or cash flows.
To reduce a value gap, revise your business strategy to adapt it to the means of the company or to improve the company’s means of operation.
How often should business owners get a valuation for their companies? Frequency depends on factors, including their unique business model, industry, market conditions, competition, and most importantly, the purpose or reason for valuation. Certain events make business valuation necessary: ownership transition, tax purposes, valuation housekeeping, admitting or buying out a partner or shareholder, estate planning, …
As an advisor, one of your biggest challenges is acquiring new customers. An advisor who systematically attracts new customers can keep the practice healthy and growing. Customer acquisition may require proof of business traction, partners, etc. Acquisition of a new customer requires that they: Become aware of your company brand and advisory services, Add your …
To catch great opportunities to sell your business, prepare it for sale and sail through the due diligence process with the help of exit planning advisors.
Business legacy means more than that once-in-a-lifetime deal or achieving feats. It’s about making a mark or a lasting, positive impact on someone or something.
Planning your business exit might not be your top priority, but a good exit strategy will help you safeguard your personal and professional interests.
Before you embark on a selling mission, you should make sure to take care of a few things. Preparing for sale is generally a year or more process. This checklist for selling your business will help you stay on track.
