So, you’re ready to own a business. Of course, your first and foremost determination should be in regards to what kind of business you’d like to run. Once you have made that decision, the next question to ask yourself is…
When it comes time to negotiate the terms of a business purchase, asking the right questions can help the deal progress more smoothly. You can always expect that there will be many negotiations between buyers and sellers. So, when issues…
Know How Much Your Business Is Worth? Successful business owners recognize their company’s worth. It most likely supports your family’s lifestyle. Your employees are paid and may be eligible for additional benefits. Your clients value what you have to offer.…
Sellers of businesses considering selling their companies or who receive an unsolicited offer even if their business is not actively for sale tend to “pretty up” the story about their business in the same way that homeowners do when selling…
Seven Questions to Consider Before Selling Your Business Many factors influence your decision to sell your company. Many soon-to-be retirees desire a change of scenery. If you choose to sell your business and think more and more about it, you…
The largest transfer of wealth in history is happening right now as baby boomers retire and sell their businesses. According to the 2016 BEI Exit Planning Survey, 69% of business owners plan to exit within the next five to ten years.…
Exit Plan Options Business owners are typically motivated by a desire to establish and operate their firms. Exiting is often furthest from their mind. However, a successful exit requires advance planning and a customized exit strategy to ensure a smooth…
When it comes to valuing a property, its current use may not be its most valuable use. For example, ten acres of undeveloped land has a different value based on its future use. A farmer may see that piece of…
Selling your business: Business Broker vs. Real Estate Agent. There are several differences between the two, with the first being specialized training. Both have the education required to hold a real estate license; however, the difference lies in the…
Evaluating a Stock Sale of a Company compared to an Asset Sale Sale of Stock; If the transaction is structured as a sale of stock, then each shareholder is selling his or her shares of stock to the buying entity…
Who Owns Personal Goodwill? Goodwill matters when it comes to business valuations. It can be understood as a collection of intangible assets that generate earning power for a company, such as patents, trade names, customer lists, etc. Goodwill comes in…
Is Your Business Ready When You Want to Exit? The Wall Street Journal predicted the most significant transfer of wealth in history would occur in this country over this decade; $10 trillion was expected to change hands. Much of this…