When you’re looking into selling your business, there are a ton of factors to consider. Proper business valuation is huge – going too high or too low can both have enormous financial consequences if you get it wrong. There’s also the issue of any outstanding debts, expenses or other finances to complete before any sale can be possible.
Business owners often hear the question, “Are you ever going to put your company on the market?” The response of the potential seller is usually unique, varying from, “Sure!” to “not in a million years” to “everything has its price.” Most do not think of a specific date, but rather place the broad “when the time is right” qualifier over their sale. …Read More
Setting the Rules
Structuring a transaction through an employee buyout should accomplish the same objective as selling to an outside buyer. Your objective is to structure a sale that maximizes value while minimizing risk (tax consequences included). If an employee group can fulfill that objective, the offer is worth considering; if not, look elsewhere.
If you’re looking to sell your business, know that the process is complex and requires a real attention to detail. As your trusted business brokers in Utah, we at Utah Business Consultants have been helping our clients handle every element of these details for nearly three decades.
The world of business transactions is a complex place, with lots of details to keep track of. When looking to sell your business for maximum value and with as little hassle as possible, there are dozens of elements you’ll need to stay on top of and complete.
Utah Business Consultants Offers a Comprehensive Exit Planning Service for Businesses
Utah Business Consultants, a trusted business consultancy firm in Utah, offers a comprehensive exit planning for businesses. This service includes a ten-step process that will help business owners exit a business with minimal risk.
The question of whether to sell your business is a difficult one. It is, no doubt, the biggest financial transaction you’ll ever make. Yet every successful business owner must face it eventually.
There are several things to consider when selling your business:
Don’t be greedy.
Sellers deserve a fair price for the years they have spent developing their business. Be prepared to pay for the goodwill of the business.
Have a good reason to be buying.
Buying a business is hard work! It takes commitment! Employees will be counting you. Spend time deciding why you want the responsibility of owning a business.
Most of the buyers we work with begin the process of buying a business without being able to communicate what they want. I realize that buying a business, like anything else, can be an education process. However, the ideal buyers would be able to answer the following fundamental questions. …Read More!