Archive for the ‘Blog’ Category

7 Mistakes Owners Make When Selling Their Business

Monday, October 3rd, 2022

Business owners should be aware of these 7 mistakes often made when selling a business: 1. Neglecting to run the business during the sales process. The owner of a business can get so involved in the selling process that they slack off once the business is listed for sale and they neglect the day-to-day operation…

Debunking Top 4 Myths About Selling a Business

Friday, August 19th, 2022

              To the average business owner, there are a lot of preconceived notions about selling their business. Let’s break down the top 4 myths about what it takes to sell a business: MYTH #1: “Selling a Business is Just Like Selling a House.” Selling a business is an entirely…

How Does the Inflation Rate Affect Business Sales?

Tuesday, March 15th, 2022

The Cost of Inflation The current inflation rate is the highest it’s been in the last 40 years in the United States. I hear about it every day from business owners. Their employees’ wages, fuel, supplies, taxes, and almost every other cost has increased. When it comes time to sell your business, how does this…

What Effects Do Interest Rate Hikes Have on Business Transactions?

Tuesday, February 15th, 2022

Rates Projected to Rise With the projected interest rate hikes inbound for 2022, the Fed plans on hiking the rate 3 times, in quarter-point increments. The current interest rate is 6 percent +/- for business acquisitions. Expected to climb to 6.75 percent to 7 percent by the end of 2022, there will also be additional…

Possible Capital Gains Tax Changes

Thursday, January 13th, 2022

Capital Gains Tax Rate May Rise Within the Next Few Years Pressure to increase the capital gains rate will come to bear as COVID-19 bailout funds increase. The current capital gains rate of 20% could be increased to a whopping 37% plus a 3.8% surcharge. Most experts believe major tax changes will happen in 2022…

Insights From a Former Business Owner and Happy Client

Wednesday, June 23rd, 2021

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…

Winds of Change 2021

Friday, May 14th, 2021

The 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, 2021

The 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, 2021

We 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, 2020

Once 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…