Prepare for Your Exit When You Launch Your Business
You’ll often hear business brokers and M&A advisors say that the right time to prepare for your exit is when you first launch. By that they mean that it’s important to always be thinking about how to optimize your business so that it is streamlined for an eventual sale. Some of the savviest entrepreneurs and business owners are also thinking about partnering with those who will...Read More
A Guide to Selling a Residential Roofing Services Company
The standard formula for business valuation is multiplying your gross annual revenue by three. On average, this will be the approximate value of your company. Many factors can influence this number, though. The industry you operate within and the size of your business play a role. Determining value is only the first step, though. If you’re looking to sell a residential roofing services...Read More
The Types of Business Exit Strategies: Which One Is Right for You?
Almost half of all business owners don’t have an exit strategy. Though it might sound surprising, it’s easy to see how this happens. When we start and build a business, it’s a commitment that’s often unmatched in other areas of our work life. So, we don’t give much thought to what will happen when we are no longer a small business owner. But having an exit...Read More
The Different Buyers You Might Encounter
If you’re selling a business for the first time, you might have a preconceived notion of the type of buyer that’s most likely to purchase your business. However, the truth is that sellers often get competitive and attractive offers from buyers that they were not expecting to have an interest in their business. Let’s take a look at some of the variety of buyers you might encounter on the path...Read More
The Complexities of Business Valuations
Many buyers and sellers are not aware of the complexities that go into appraisals for businesses. To get the most accurate results, a business needs to be looked at from a variety of angles. When completing a business valuation, we look at everything from comparable businesses to EBITDA. There are a lot of nuances involved that are customized depending on the business at hand. Without looking...Read More
How to Sell a Full-Service Catering Company
The accommodation and food industry in St. Louis brings in well over 1.6 million in a year. Have you put in the hard work to grow a successful catering company? If so, you deserve every penny it’s worth. Still, you may find it difficult to connect with the perfect buyer. You shouldn’t settle for anything less than what you’ve worked for. Are you wondering what strategies can...Read More
Why Do Sellers Often Face an Array of Surprises?
Experts recommend that sellers prepare years before they plan to put their businesses up for sale, and there are many good reasons why they make this recommendation. A wide range of factors can interfere with the sale of a business, ranging from life changes like divorce and burnout to a new competitor moving into town. Preparing to sell your business in advance will help prepare you for the...Read More
Buying a Business in St. Louis: A Due Diligence Checklist
Have you ever dreamt of running your own business? St. Louis is the perfect starting point, with over half a million small businesses in Missouri. But perhaps the intricacies and risks of building a business from scratch are too risky for you. There is another option, though, and that’s to buy an existing company. When you do that, you’ll need to carry out due diligence....Read More
The Main Reasons Why the Sale of Your Business Can Fall Through
Selling any business can be complicated. Finding the right buyer is one hurdle that must be overcome. However, even once the right buyer has been found, there are still many reasons why a deal can collapse. Unpredicted Events It is important to realize that you can do everything perfectly and “acts of fate” can still intervene and impede the success of your deal. For example, one issue is...Read More
Help Buyers to Understand How You Excel
No business is perfect, but when you are preparing your business to be sold, it is imperative that you lead with your strengths. That’s why it is important to work with a business broker or M&A advisor to identify, catalog and work to remedy any weaknesses. When presenting your business to prospective buyers, focus on your key selling points first and what makes you really stand out from...Read MoreRecent Posts
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