While it may be tough to think about for some entrepreneurs who have poured their time and dedication into building a business, one vital element that must be considered is an exit strategy. Whether to cash in value, retire or simply take on a new challenge, having an exit strategy for your business is very […]
If you're on the hunt for potential business purchases, small businesses are often primary candidates in your search. There are several tactics and resources to use when it comes to how to find small businesses for sale, ensuring you get a robust idea of the marketplace and what's available. At Utah Business Consultants, we're here […]
Across several settings, whether they involve selling a business or a number of other potential situations, the need to appraise a business and determine its precise value is extremely important. There are several methods when it comes to how to appraise a business, and knowing the most prudent approach for your company will be impactful […]
There are several questions that often come up among those looking to buy or sell a business for any purpose, and these questions surround professionals in the field who are meant to assist and facilitate these needs. Maybe the most common question: What is a business broker? At Utah Business Consultants, we're here to offer […]
If you're looking to acquire a business for any reason, whether as part of a growing portfolio or simply to become an entrepreneur without starting entirely from scratch, one of the first big tasks on your plate is finding available businesses of quality. How do you find businesses for sale, and then move forward in […]
There are several vital concepts to be considered when it comes to selling a business, and placing the proper value on it during the sale and negotiation process is absolutely on this list. How can you ensure you've valued your business properly, and are not overpricing or, even worse, underpricing a business you've worked hard […]
Wayne A. Simpson, Master CPA, CBI, M&AMI, bids farewell to Utah Business Consultants after decades of invaluable service. Graduating from the University of Utah in 1973 with a Bachelor of Science degree in Accounting, Wayne embarked on a remarkable journey that has left an indelible mark on the field of business consultancy. From 1974 to […]
In part one of this two-part blog series, we looked at some of the primary factors that tend to influence a business valuation when it's calculated. Whether for the purposes of selling a business or for various other reasons, business valuations are important processes - and knowing which key elements will play a role in […]
There are a few processes that can be vital to business owners both during prospective sales and in many other scenarios as well, and a great example here is a business valuation. While business valuations are often carried out when you're looking into the possibility of selling your business, many savvy business owners also maintain […]