It’s easy to get lost in your thoughts and imagine life AFTER you sell your business. Perhaps your version of paradise includes holding an umbrella laden fruity drink by the resort pool or fishing until sundown because you can. Maybe it’s golf whenever you feel like it? But, are you ready to sell your business?. . .
The first half of the year was a busy one for sold businesses transactions. We haven’t seen these levels of activity since 2010. As the economy improves, many business owners are eyeing the exit. Not wanting the repeat the mistakes from our last recession, many of my clients recognize the time is now. As a. . .
How do your books look? When you are aiming to sell your business, it’s worthwhile to take a close look at your record-keeping. It’s even better to take a look at it through the eyes of a potential buyer. Good record-keeping helps you sell your business faster and for more money. You’ll want to understand. . .
The Small Business Administration (SBA) just stepped up in a big way to help you sell your business by bringing more buyers. The SBA recently announced changes to the popular 7(a) loan program. It is expected to cause thousands more businesses in America to be sold this year. Since 1953, the SBA has been assisting small businesses. . .
When you’re selling your business, you need a good team to help you make it happen. That team should include your business broker, your accountant, and your attorney. While many attorneys have a great skill set, it’s essential to have one with specific expertise in transaction law. Why? As a business broker, I’ve seen deals. . .