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. Sometimes, business owner passion turns. . .
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. . .