An unrealistic idea of what your business is worth is ultimately going to end in heartbreak. Owners who do not understand the metrics buyers use to value businesses often struggle to sell their companies at their desired price and in a timely fashion.
When talking about buying and selling small businesses, everyone will be talking about this term.
A valuation is much more than a routine process you undertake before starting a business transaction -- it’s a roadmap that shows you exactly how to make your business more valuable and profitable.
Many business owners who want to cash out and retire are worried they won’t be able to do that for years because of Covid-19.
In our line of work we see a lot of deals, but we also pass on the vast majority of them. To put some numbers around that, we invested in three companies in 2019 after looking at well over 1,000 opportunities.
The COVID-19 pandemic has upset plans for businesses across the country. Everything from planned trips to conferences and even day-to-day operations have been upended as we all adapt to what people are calling the new normal.
As the coronavirus crisis impacts every aspect of financial services, many business owners who planned to sell parts or the whole of their business have been left uncertain how the pandemic will impact their exit plan.
In the past year, I've had multiple competitors approach me to acquire one of the businesses that I own.
In our practice we work with many business owners, many of whom have used these last few coronavirus-dominated months to reevaluate their businesses, their work and their lives.
When it comes to the sale of a business, there are a number of costs – both expected and unplanned – all business owners should understand before they agree to sell their business.