In nearly every college commencement speech I’ve ever heard, “Follow your Passion” has been the sage advice from the podium. It’s also the most misunderstood words of wisdom for the business owner. Passion isn’t necessarily about the work itself, it’s better described as physical and emotional energy. It’s powerful, motivating…and finite. In my career working as. . .
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 its golf whenever you feel like it? It sure sounds better than ringing phones and. . .
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. Of course,. . .
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 through the eyes of a potential buyer. You’ll want to understand how your tax-saving strategies will look to a prospective buyer, for example. An accountant can view your records based on generally. . .
The Small Business Administration (SBA) just stepped up in a big way to help you sell your business. The SBA recently announced changes to the popular 7(a) loan program that is expected to cause thousands more businesses in America to be sold this year. Since 1953, the SBA has been assisting small business in ways like counseling, contracts and perhaps. . .