Small Business

February 27, 2019

5 Ways Small Businesses Can Become More Attractive to Buyers

Entrepreneurs who have built businesses with years of blood and toil often find that selling to a good firm doesn’t happen overnight. Indeed, it takes three to five years of careful preparation, including doing such things as maximizing cash flow and putting in place the next generation of leaders. As General Electric founder Thomas Edison once said, “good fortune often happens when opportunity meets with preparation.” For small business owners, that preparation is like selling your house — paying attention to some crucial details can help you get top dollar for your business. And decisions made years earlier can have a major impact. The good news is that the market for selling small businesses is hot. The average multiple of […]