By Debbie Allen Updated May 11, 2017 Everyday small business owners (retailers) make drastic mistakes when selling their business and lose thousands of dollars in the process. All their hard work and long-term investment goes down the drain. As entrepreneurs, they had once dreamed of owning their own business and building it to success. They then […]
So you’ve been in Corporate America too long; you can no longer stomach the grind, the stress, and the hours. You’ve been padding your corporation’s pocket, yet your pockets are seemingly empty. Something has to change. You realize that changing companies might provide a different view, but what you really yearn for is a whole […]
A close friend of mine from high school days has been in the process of acquiring a business. He has spent nearly a year agonizing over the pros and cons of various businesses. He has looked at businesses in multiple states, businesses of different size and businesses in a wide array of industries.
Vision is important in any company, large or small. If you have no idea of your end goal, the beginning of your business is likely to take off in the wrong direction. If you haven’t considered how you are going to exit your company in the future, you should – now. The journey to value […]
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 […]
Definitely. Just as there are good houses to buy and good cars to buy, there are good businesses to buy. But as you likely know, there are also bad ones — lots of bad ones. That’s why it’s important to do your homework when you’re searching for a business to buy and to work with […]
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 […]
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.
Why on earth would someone want to acquire your business? With all the headaches, a tough national economy, and hard to please clients, nobody would willingly want to subject themselves to the harsh environment of a privately held business like yours – right?