Eight Ways to Exit Your Business
When it comes to exiting a business, most people assume there is only one way out: sale. But actually, there are 8 distinct ways to exit a business. Before considering your next move, it’s crucial that you understand each of these options to determine which is best...
Navigating Payroll Taxes
Tax deadlines are creeping up, demanding your attention and time. You’re still busy making sure things run smoothly day-to-day; filing business taxes can feel like the last complication you want to deal with.
If You Don’t Have a Leadership Transition Plan, Your Exit Could Fail
If you Don’t Have a Leadership Transition Plan, Your Exit Could Fail
The 5 Most Profitable Business Exits
Exiting your business does not just happen. It requires strategy and foresight. The good news is planning will boost your current business success!
How To Avoid the Biggest Valuation Mistake Made by Business Owners
You’ve been working on the sale of your business for months now. All the work, not just to complete this sale but to build a business someone else actually wants to buy, is about to pay off.
You hold your breath as the sales agent slides a piece of paper across the desk towards you…with a number completely different than you’d negotiated!
“As you know, we did a final business valuation last week to determine the final sale price for the closing today,” she explains. “After reviewing all of your records, we have determined that the value decreased from our initial estimate a year ago. As a result, the sale price will be 25% lower than we originally planned.”
What happened to the profitable sale you worked so hard for?!