Are You the Problem? We’ve spoken before about what adds to company value, having good systems, keeping clean books and happy employees are at the top of the list. But what detracts value? What you may not realize is, you personally may be holding your company back, even if you’re as dedicated, focused, and hard-working. . .
When you use the term “grow your business,” you’re probably thinking about organic growth: adding customers, adding staff to service customers, adding space to house your staff and inventory… growing the way you did when you started your company. Here’s what’s making that kind of growth challenging right now. The number one factor for most. . .
Continue Reading “Can You Grow Your Business Through Acquisition?”
As we slowly emerge from the disastrous health crisis, small business is dealing with the fallout. It’s coming in the form of a slow supply chain and the worst labor shortage since…ever? Why this is happening is a complicated answer. Workplace expert, Candace Moody, describes the situation as more of a “work reassessment.” People are. . .
Continue Reading “How Being Short-Staffed Affects Your Company Value”
Deal Fatigue: a condition during buyer/seller communication where parties on either side of the negotiation begin to feel frustrated. Yes, deal fatigue is very much a “thing” and it can happen in any complex negotiation. Especially when selling a business. It can come from the buyer or seller and is also one of those times. . .
When you’re listing your business for sale, you’ll work with your broker to come up with a competitive sale price. It should be a mostly scientific process that takes into account the financial health of the business and other comparable transactions. If you’re fortunate, you’ll get more than one offer. However, the highest offer might. . .
Continue Reading “Terms of a Business Sale: What You Need to Know”