Many business owners formed their companies with the intent to be able to walk away from daily operations without things falling apart. If you take the right approach, you can make the transition much smoother. Keep reading to get our 8 tips for helping your business to function without you. No more hovering. Why hire… Read more
No matter if you’re really raking it in, even the largest profit can be squandered away if you don’t manage your money properly. A key component to selling your business for a favorable price is keeping your financial paperwork up-to-date, and making sure it accurately reflects your company. If you’ve been managing your business for years,… Read more
As the saying goes, numbers don’t lie, and buyers know that. Worthy buyers will scrutinize your financial statements, so you need to be prepared. Well before you prepare your business for sale, it’s important that you keep track of your financial records and compare them year over year. When reviewing your documents, keep your eyes… Read more
Most buyers and sellers have at least one thing in common—they want the sale to move as quickly as possible. The nature of contracts and licenses is that the transfer of these items can be a slow and cumbersome process. It’s important to prepare yourself ahead of time to avoid delays. Common Types of Legal… Read more
Why are you selling your business? Maybe you’re getting older and it’s the next logical step. Maybe you’re moving on to a new business opportunity. Or maybe you’re undergoing a crisis or an abrupt change in business conditions. Whether you’re motivated by one of these, a combination, or a different reason entirely, you’ll need to… Read more
Many of us get attached to our businesses, and it is sad to see them go. It can be comforting to think of passing the baton to a friend, family member, or even a trusted employee. Though it seems like a basic and logical solution, it isn’t all that simple. There are benefits to selling… Read more
Everything in our world changes at a rapid pace. Despite this, many business owners are stuck in their ways when it comes to business practices. It’s easy to fall into a trap of using the same method year after year without stopping to question its affects Prospective buyers want to own a business that has… Read more
Neglecting the day-to-day running of their business since it will sell tomorrow. Starting off with too high a price since the price can always be reduced. Assuming that confidentiality is a given. Failing to plan ahead to sell / deciding to sell impulsively. Expecting that the buyers will only want to see last year’s P&L…. Read more
Q1 2015 Survey Indicates Lower Middle Market Heating Up for Buyers Main Street Market Shifting to Seller’s Market Broomall, PA – Business transaction activity increased across all market sectors in the first quarter of 2015, driven by consumer and market confidence and low interest rates, according to the 1st Quarter 2015 Market Pulse Survey published… Read more