Selling A Business

November 20, 2019

5 Things You Should Know About Selling Your Business

Some entrepreneurs approach selling a business the same way many people sell their house: They set the price high, hoping to close a deal with the top bidder. But there’s a lot more to a company sale than walking away with top dollar. Selling your business involves identifying the right buyer, properly valuing your operations, and considering the potential emotional impacts. Many entrepreneurs aren’t sure where to start, and they often don’t think about it until it’s too late. In addition to consulting experts and performing due diligence, there are five critical things every entrepreneur should keep in mind before selling their business—even if it seems a long way off. Value Your Business from the Start Many business owners wait […]
July 30, 2019

Turning Over Your Business? 5 Steps To Know

Whenever we start a business we hope to make it big, earn profits and expand a lot. But doing these are not easy. While we all expect the maximum return from our businesses turning over your business requires the implementation of some essential steps. So if you, like many are trying to know and understand the steps that will help you to turn over your business, this article will surely be of much help. Increasing your turn over Increasing your turn over is what all business men tries to do but to actually be successful in doing this requires some steps. Here are a few of them: Lowering costs Lowering costs of the company will inevitably result into higher turn […]
June 25, 2019

Transfer Your Business to a Family Member

There may come a point when a business owner will want to turn over their business to one of their family members. This could be due to a variety of reasons. Perhaps they are going to retire and wish to entrust their business with a family member who they know will run it well. Either that or the business owner may just want to sell their business to a family member or give it to them as a gift. Whatever the reason is, it is important to understand how to transfer your business to your son or daughter so you incur the least amount debt and tax liability possible. Furthermore, you must consider how much money you want to take […]
June 25, 2019

Is It Time to Sell Your Business?

“Quitters never win and winners never quit.” —Vince Lombardi In small business, it’s not that winners never quit. Rather, winners know when and how to get out at the right time. Making a change is always tougher than the status quo. Most owners hang on too long and delay a decision when their businesses are either wildly successful or just plain not profitable any longer. A fading business. When a business is fading, owners often keep waiting for that the next prospect, the next big customer or a new employee who will make the difference and finally propel the business out of its financial mess. They believe that they can grow their way out of whatever financial difficulty the business […]