Archive for the ‘News & Update’ Category

Today’s Business Buyer

Wednesday, April 20th, 2016

There is an old saying that goes something like this:  “The worst day of working for yourself is better than the best day of working for someone else.” As a business owner, you know this to be true.  It is a message we deliver to buyers every day.   The buyer of today is a bit…

Increasing the Value of your Business

Monday, April 18th, 2016

Recently, we discussed developing an exit strategy for your business. (If you did not get a chance to read that article, click here.) Now that you have begun reflecting on how you want to exit your business on your terms: how can you get the most value for your business when you do implement your…

A Great Accountant: A Business Owner’s Best Friend

Monday, April 11th, 2016

Business Owners often have much more complicated taxes than the average person, and many utilize the services of an accountant. Of course, an accountant can save you time and money while keeping your sanity in tact. But a trusted accountant can, and should, fulfill two additional roles for a business owner: be a trusted business adviser…

The Art of Prioritizing Tasks and Delegating Them

Friday, April 8th, 2016

As your business grows, there always seems to be something sucking up your time. You know the feeling. You’ve worked all day long, but feel like you accomplished absolutely nothing. These time suckers could be anything: answering the hundreds of emails you get everyday, filing the stack of paper on your desk, or sorting through…

Planning your Exit Strategy: Key to Continued Success

Monday, April 4th, 2016

Business Owners should take some time to assess their financial knowledge and skills. Financial Literacy is the knowledge and understanding of financial matters, which would allow an individual to make informed financial decisions. Business Owners make hundreds of decisions every week, ranging from the type of coffee to have in the break room to developing a marketing…

Seller FAQs: The Closing Process

Wednesday, March 16th, 2016

After receiving  a Letter of Intent or Offer to Purchase, the closing process can begin. Closing a business is a complicated process and involves several types of paperwork. Many Business experts recommend working with a professional closing organization and a professional closing officer. While you will only sell your business once, a closing organization handles…

Seller FAQs: Owner Financing

Monday, March 14th, 2016

The first logical question is what is owner financing? In the most basic terms, Owner financing is a loan given to a Business Buyer that comes from the revenues of the business. The rest of the purchase price is covered by the Buyers down payment and other financing. While not always necessary, the majority of…

Seller FAQs: Time

Monday, March 14th, 2016

Business owners are often looking to sell there business in the shortest amount of time possible. Because the sale of businesses is often compared to real estate sales, the expectation is often that the business will sell within a 30-60 day time frame. This is not an accurate expectation, and thus, it can take much…