Businesses need to create value for their clients, employees, suppliers, strategic partners, and investors throughout their life span. While most business owners engage in value creation with the help of growth plans and time-specific goals, rarely do they know their starting points (the current business value). In the absence of this essential information, they fail …
You know it’s time to consider exiting your business… but wait! Are you sure you can handle that mammoth task by yourself? Are you sure you don’t need professional assistance to guide you through the exit planning process? You might think that your business exit will be a cakewalk but trust us: it’s not. Multiple …
Why Your Business Transition Needs Professional Guidance Read More »
Every business ultimately needs to build value for its owner to obtain his or her desired exit. Business value helps the owner reap the benefits of life-long efforts to build the business and run it profitably. The owner may then earn substantial sales proceeds for a comfortable retirement by selling the business. Prospective buyers look …
Build a Value Creation Model that Fits Your Business Read More »
You have built the business you always dreamed of, and now it’s time to bask in your success. Naturally, the last thing to cross your mind is leaving your business, especially when its operations are smooth, streamlined, and at their optimum. Even if you’re not looking to exit immediately or have already planned for new …
Before you, as an entrepreneur, decide to sell your company, you should outline the process. Selling a company begins with thorough preparation and ends with the fulfillment of the sales contract. The sales process in the middle is divided into various phases. The sales process starts with a complete analysis of the company to identify …
Stay on Track During Your Exit Planning Strategy Read More »
You may have run your business for 25 years or only 25 weeks; however, there comes a time when you need to place a cash value on it. The problem is that most business owners only have a rough estimate of the company’s value. Business valuation is a complex and time-consuming process that requires the …
Do I Really Need a Business Valuation Before Selling? Read More »
Before you decide to sell your business, you need to calculate an accurate purchase price for it. Business valuation refers to the general process of determining the economic value of a company in whole or in part. When you sell your company, you must first differentiate between the company’s value and its price. Price refers …
Most business owners have unrealistically high expectations when it comes to selling their businesses. When asked about their business value, they have a vague idea instead of a tangible number. Owners of small companies often do not even know the ballpark amount needed to fund their retirement after exiting the business or the steps that could …
Business owners think about selling their businesses for different reasons. Perhaps you have lost your enthusiasm for entrepreneurship, have become bored with the old routine, or health problems persuade you to sell. Of course, retirement also justifies exiting the business. Whatever triggers your decision to sell your business, you should take preparatory measures before starting the sales process, …
How to Make Selling Your Business a Positive Experience Read More »
For some founders, selling their company for the best price is the goal from the start; others cannot imagine selling their companies. Exit planning might sound simple, yet it needs careful consideration because this kind of sale can look different at different times. Selling a business does wonders at the right time when the owner makes the most of the opportunity. What Is …
