As a business owner, you’ve dedicated countless hours to building your enterprise from the ground up. This business has become a central part of your life, making the prospect of selling it seem formidable. Yet, divesting your business is a…
Selling a business can be an emotional and challenging process, especially when you have invested significant time, effort, and passion into building it. However, it is crucial to approach the sale with a clear and strategic mindset, separating emotions from…
Inventory turns, also known as inventory turnover or stock turnover, are a critical financial metric that measures how quickly a business sells its inventory within a given period. It is calculated by dividing the cost of goods sold (COGS) by…
Structuring the Terms for Selling Your Business If you are planning to sell your business, it’s important to understand the kinds of deal options that can be structured to close and the corresponding tax implications. We recommend that you do…
Acquisition as an Exit Strategy: Advantages and Disadvantages All small business owners should have a long-term exit strategy that is flexible as the business grows and changes. Of course, a popular option is to plan to sell your business. However,…
Planning a Graceful Exit Strategy A good business plan includes an exit strategy. In many ways, your exit strategy dictates how you will operate the business. For example, if your exit plan is to leave your business to your heirs,…
Emotionally Preparing Yourself to Sell Your Business If you have built up your company with your blood, sweat, and tears, be sure to prepare yourself for the emotional fall-out that can come with selling. Some owners may not admit it…
Why Your Company Needs A Yearly Physical Most people get an annual physical exam at their doctor’s office just to make sure the body is in good shape. Further, most business owners thoroughly examine their investments at least once a…
How Do You Know What Your Business Is Really Worth? Most business owners have no idea what their business is really worth. The truth is that when it comes to knowing the true value of their business, there are complexities…