Understanding the Discounted Cash Flow Method, and How to Use It
Recent statistics reveal that in 2021, the median sale price for small businesses was up 16% over the previous year. Median cash flow was up, too, by 11%. With a promising market, now is an excellent time to consider selling. Before you decide if it is the best time to sell, you must determine what your business is worth. To determine business value, you must calculate your discounted cash...Read More
What is a Partnership Agreement?
A partnership agreement is a legal document that provides an outline of how a business will be run. This agreement will often be used by small for-profit businesses when two or more people are involved. It’s an essential document to have, especially in the case when a dispute arises between partners. Even if you have gone into business with a friend or relative, you should have this document...Read More
What Are Your Flaws?
As a business owner, your natural inclination is likely to be considering the strengths of your business and how to perform even better in the future. However, the truth is that sitting back and thinking about your flaws can actually benefit you in the long run. When you have a full understanding of where you are lacking, it will empower you to make the best strategic decisions for the...Read More
BizBuySell Insight Report for 2022
BizBuySell has issued their latest insight report, which summarizes market growth and trends from last year. In this report, they have several interesting areas to report including a summary of how lower sales prices and rate hikes impacted the value of businesses in recent months. The report can be found at https://www.bizbuysell.com/insight-report/#reportArchive. Overall Trends in 2022...Read More
Expectations for Business in 2023
BizBuySell just released its latest insight report, which tracked sales and growth in 2022 and compared it to the prior year. Overall, we are seeing a high demand for service-based businesses as well as an increase in restaurant business sales. The insight report also reveals what business brokers across the country are expecting for 2023 and beyond. Data on Service Business Sales In 2022,...Read More
5 Ways that Sellers Can Focus on the Positives
When you are looking to sell, always focus on the positive aspects of your business. Many business owners fail to properly make a case for the benefits of their businesses to prospective buyers. Be sure to make it clear that your business has stability and ample financial health. Let’s take a closer look. 1. Prepare in Advance Preparing paperwork in advance will help to make sure that...Read More
The Top 3 Reasons Why Deals Fall Through
No one likes to think about the deals that didn’t succeed. However, the fact of the matter is that sometimes things go wrong during the process and a sale doesn’t successfully close. We have pinpointed the most common reasons why this happens into three main categories. By understanding the issues that can prevent a deal from finalizing, we are able to dramatically maximize the odds of...Read More
The Four Essential Stages of a Closing
When it comes to reaching a successful closing, there are four important stages to keep in mind. In this article, we will take a look at the process and what sellers can expect. If you are planning to sell a business, it is also helpful to understand in depth what the stages are from a buyer’s perspective. The Letter of Intent (LOI) The letter of intent is one of the responsibilities that...Read More
Exit Planning: How to Create a Checklist for Your Business Sale
Did you know that of the businesses that are up for sale, only an estimated 20-30% actually sell? Despite the fact that most business owners know that they’ll eventually want to sell their business in order to retire or explore new opportunities, few are preparing an exit plan. Exit planning isn’t just about making sure that you can sell when you want to. It’s also about...Read More
How to Sell a Small Business, Step-By-Step
America has around 33.2 million small businesses, according to Zippia statistics. Unfortunately, only about 55% of said businesses may last more than a few years. Whatever the reasoning, as a small business owner, you may reach a point where you want to sell. This can be a complicated process, but by following a few key steps, you can successfully sell your small business. In this...Read MoreRecent Posts
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