Business Valuation

June 19, 2019
business broker

How Business Brokers Can Help You

When you deal with business brokers to help you sell your business there are a few things to keep in mind.  You should have some expectations of what business brokers can do for you and what skills they can bring to the table to help you find the right buyer. One of the main questions you need to ask business brokers is how they will help you prepare your business to be sold?  Will they be able to indicate to you certain actions you can take immediately to help your business shine in the eyes of a buyer?   For instance, can they advise you on how your shop presents?  Perhaps some quick improvements or changes can be made.  They can […]
May 15, 2019

Increasing the Value of Your Business

After investing years of hard work running your business, you’ll want to be sure you receive top-dollar when it comes time to sell. Whether you’re looking to retire or are interested in other endeavors, there are many options you can employ to improve your business and receive higher offers from interested buyers. To help increase the value of your business, follow these six steps. How to Increase the Value of Your Business Choosing to list your business for sale is no small decision. Once you’ve figured out how to tell your employees and clients you’re planning to sell, you’ll need to prepare your business for the best possible asking price. Prepare Your Office Space Before bringing interested buyers to your […]
April 10, 2019

The Importance of Due Diligence

Buying a business involves a lot of twists and turns, but no part of the process is more important than completing due diligence. Due Diligence—An Overview  Due diligence is the process of evaluating a business from all aspects before making a purchase decision. It’s often performed when buying a business but there are many other situations in which due diligence might be necessary as well. It’s a big factor in private equity funding through venture capitalists and it’s part of the purchase of real estate, particularly in checking the legal history of the property. Due diligence is not a general investigation. It includes specific elements that can vary based on the situation and the nature of the business. Due diligence protects both parties […]
April 2, 2019

The Seven Deadly Sins Of Business Valuation

PRIDE You think your business is worth a lot of money because you have had it for 15 years. Unfortunately it doesn’t matter how long you’ve run your business. Its the value proposition that you’re offering to the buyer that matters. You could have a business that you ran for 20 years and it could be worth nothing or you could have just started up a business and it could be worth millions. Business owners think that because they put 20 years into their business they deserve to be rewarded. No one cares how long you’ve been in the business GREED You think your business is worth the amount of money you need to retire. The problem is that it […]