Importance of Keeping your Business Sale Confidential
Selling a business is a fairly complicated process, and there are a lot of important steps that need to be taken to ensure a smooth and successful transaction. First and foremost, you need to be well prepared with organized and detailed information that will help prospective buyers obtain a good understanding of your business, and […]
Common Mistakes Owners Make When Selling a Business
When someone has owned and operated a business for a significant length of time, they will inevitably consider selling at some point. Maybe you are approaching retirement age, or maybe you are just looking for a change. Whatever your reason, it is very important to prepare ahead of time and enter the sales process with […]
Selling Your Business During a Global Pandemic
Many business owners who have been planning to sell and cash out from their life’s work have been concerned that they may not be able to do that for a while because of the COVID-19 pandemic. The coronavirus outbreak has certainly impacted every business in one way or another, but this does not necessarily mean […]
How Do I Know When It is Time to Sell my Business
Your business is your baby, you have invested years of blood, sweat, and tears birthing it, nurturing it, and growing it to profitability. Along the way, there have been many ups and downs; but through it all, you have experienced great joy in the journey. With so much of their lives invested in their business, […]
It’s a Seller’s Market for Many Businesses
When the novel coronavirus pandemic caused the country to lock down last March, many people assumed that this would trigger a glut of businesses for sale, with savvy buyers swooping in to snap up bargains at pennies on the dollar. It was also thought that business owners would have a difficult time selling, and that […]
Understanding the Future of Your Business
The coronavirus outbreak has disrupted every area of society, and in the business world, countless businesses that were deemed “nonessential” were temporarily closed. As things open back up, no one is entirely sure what the post COVID-19 economic landscape will look like. One thing that is certain, however, is that this pandemic will result in […]
Strategies for Selling a CPA Firm
The coronavirus pandemic has turned our whole world upside down. Just a couple of months ago, the US had the strongest economy it had seen in decades, and it appeared as if things would remain this way for some time to come. Then suddenly, tens of thousands of “nonessential” businesses shut down and millions of […]
Negotiation Strategies for Business Sellers
Deciding to sell your business is a major step, and this is likely to be one of the largest (if not the largest) transactions you will ever make. One of the major keys to ensuring a successful sale is to know how to negotiate with prospective buyers. By having a negotiation strategy going in, you […]
Choosing the Right Tax Structure for Selling a Business
If you are considering selling your business sometime in the not-too-distant future, one issue that will most certainly factor into the transaction is taxes. Since most business owners have never been through the process of selling their company in the past, this is usually one of those great unknowns, and it can be a very […]
When is the Best Time to Sell a Business
For every business owner, there will come a time when they need to exit the stage. Some will turn their business over to the next generation, while others might want to sell to employees or an outside party. Most people exit businesses for lifestyle rather than financial reasons. Some common reasons may include retirement, health […]