The old saying, “an ounce of prevention is worth a pound of cure,” most definitely applies to any business owner that believes he or she will someday want to sell his or her business. The bottom line is that every business owner has to transition out of ownership at some point. In a recent Inc. […]
Using a professional business broker when selling a small business offers many advantages to the business owner. Many business owners think selling their business is akin to selling a home. I often encounter business owners who feel they can sell their business themselves and save the cost of a commission and relate the process to […]
One of the most common questions small business owners ask is, “What is my business worth?” This article will cover the basic concepts involved in business valuation including common terms you need to know, how they apply to valuing a small business, who can help you when determine the value of your business, and what […]
Every small business owner needs an exit strategy. Whether that be passing ownership of a family business to the next generation, or selling it on the open market, a plan to transition ownership is necessary. The challenge that many small business owners that do choose to sell their businesses face is whether or not to […]