Navigating Due Diligence: Tips for Selling Your Small Business
For a potential buyer to understand and value your business, the buyer will want a deep dive into your business. At the same time, you want to ensure the buyer is qualified and a good fit. This process is called due diligence.
Planning Your Business Exit Strategy
Thinking of selling your business! Learn how to prepare. You'll learn about the significance of maintaining accurate books, staying organized, and ensuring the well-being of your employees and clients during times of transition.
Mastering Your Business Transition: The Power of a Memorandum of Understanding
One of the key documents you’ll need when selling your business is a Memo of Understanding (MOU). You and the buyer use this document to outline key terms and conditions of the potential sale.
Selling Your Small Business: Get the Docs You Need!
Do know what documents you will need when you sell your business? Read on to start the paperwork flow!
7 Keys to Improve the Odds You Sell Your Business
Over 70% of small business owners fail to sell their businesses when they decide to sell. The 7 keys I list in this article help you to be in the 30% of successful business sales.
Understanding Three Key Financial Measures About Your Small Business (and Introducing One You Might Not Know)
There are common financial measures of a business and one you may not know that plays a crucial role when you want to sell your business.
Net Income: The Cornerstone Metric for Small Business Valuation and Sale
What do you think is the most important financial metric potential buyers will consider when they look at your business. If you answered “net income,” you’re right.
Profitable Exit Strategies With Dr. Steven Kirch
I was a guest on Dr. Steven Kirch’s Profits Minds podcast. Great conversation about how to exit a business effectively and profitably. Watch, listen and learn!
The Top 5 Small Business Exit Options Every Owner Should Consider
When you’re ready to exit a business you own, you may not realize you have five options to pursue. Consider them all.
Selling Your Business: Avoiding The Top 5 Mistakes That Hinder a Successful Sale
Most business sales fail for one or more of the five most common reasons. Be aware of them and take action to avoid these pitfalls.
Pros and Cons of Selling or Not Selling Your Business Right Now: Part 2
Here are 10 reasons why delaying the sale of your business right now may be a mistake.
Pros and Cons of Selling Your Business: Part 1
Selling your business right now may be a good idea or a poor one. Here are 10 reasons not to sell your business right now.
DIY Business Sale: Your Go-To Guide for Selling Without a Broker
Selling your small business or financial advisor practice on your own without a business broker has many advantages: less cost, more control over the outcome are the two biggest. You can execute a DIY business exit if you follow five steps.
10 Items a Buyer Wants to See Before Purchasing Your Small Business
When a potential buyer looks at your business, will they see the 10 key items that are important to them or will they find holes in the puzzle? Read on to find out what the 10 items most buyers want to see.
The Power of Purpose: Why Goal Setting is Essential in the Business Selling Journey
The power of effective goal setting should not be under-estimated. Not just the “what” but the “why.” If you don’t know where you’re going, any road will get you there.
The Power Move: Discover Why Savvy Business Owners Are Opting for ESOPs to Redefine Their Exit Journey
Ever thought of using an ESOP exit strategy to sell your business? It could be a power mover for you.
Five Hidden Challenges in Selling Your Business (and How to Conquer Them)
Selling your business is not simple or easy, but it can be managed to success for you and all the stakeholders. One key is being flexible and expecting hidden challenges.