I wish I had started the process earlier. I thought for years about selling my business, but never made the time to meet with a Gateway Broker and start the process. Meanwhile, I became more burnt out, more frustrated and lost all passion to grow my business. It eventually became a chore for me to…
Archive for the ‘News & Update’ Category
Insights From a Former Business Owner and Happy Client
Wednesday, June 23rd, 2021
Winds of Change 2021
Friday, May 14th, 2021The weather roared in like a lion this year. As business owners, we all hope the potential increase in capital gains taxes doesn’t roar in for a few years to come, especially if there are plans to sell your business. Pressure to increase the capital gains rate will come to bear as Covid-19 bailout funds…
5 Things to Do NOW to Increase the Value of Your Business
Friday, March 19th, 2021The number one mistake business owners make in selling their company is not preparing soon enough. Whether you want to sell your company now or in the next 5 years, these are 5 steps to maximize and increase the value of your business. These issues are critical. Proper preparation will enhance the value of your…
Important Cares Act and SBA Lending Information
Wednesday, January 6th, 2021We have some exciting changes for buyers using SBA loans to purchase a business as part of the stimulus program related to COVID-19. Starting February 1, 2021 and running until September 30, 2021 the SBA will be waiving loan guarantee fees, forgiving principal and interest payments for 3 months. Additionally, this will increase the bank…
Determining the Value of Your Business
Monday, March 23rd, 2020Once you start thinking about selling your business, the first step is to determine the value of your business. There are several business valuation methods to help determine that value. These include the Asset valuation method, Return-On-Investment valuation method, Discounted Cash Flow valuation method, Capitalization of Earnings valuation method, Book Value valuation method, Market Value…
Why You Should Use a Business Broker
Thursday, February 13th, 2020Selling your business is a long and tedious process. It consumes a lot of your time and distracts you from the day to day operation of your business. As a business owner, your focus should be on maintaining or increasing the value of your business. An experienced business broker can help you get the maximum…
Implement. Upgrade. Clean House.
Wednesday, January 22nd, 2020Is it time to sell my business? As we start to navigate our way through the new year and the challenges it brings us, there are a few things to reflect on before we get into full swing. Technology Technology continues to develop and becomes more integral in our daily lives, cyber-security becomes more…
Why Do Owners Decide To Sell Their Businesses?
Monday, December 23rd, 2019Have you been asking yourself, “Should I sell my business now?” If you are not sure how to identify that, consider these 5 critical factors that may be signs that you should start the selling process. Fatigue & Stress Running a business is much more than a full-time job. Over the years the energy…
3 Important Things to Keep in Mind When Selling Your Business
Wednesday, November 27th, 2019Understanding the Right Business Decision For You Rising sale prices for businesses have presented sellers with an excellent opportunity to take the leap. In fact, 60 percent of owners are confident that they would receive a favorable sale price if they sold their business today. It can be tempting for owners to jump into a…
Is Your Tax Strategy Devaluing Your Business?
Friday, November 1st, 2019As business owners, we all know owning a business is not about how much money we make; it’s about how much money we take home. Realize it or not, there is an unwanted, silent partner in our business taking a large percentage of the profits…. taxes. Most business owners do not want to pay any…
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Gateway’s brokers are always willing to assist business owners and prospective business buyers with education, resources, and guidance through the process of buying and selling businesses. We are here to answer any questions to make the selling & buying process a smooth transition. Call or Email for a free consultation.