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How to Sell a Small Business in 7 Steps
Selling requires careful planning—everything from cleaning up sloppy books and tax records to dressing up a tired store and updating old operating systems—even ramping up marketing to juice sales and command a higher asking price…More at https://www.nfib.com
5 Mistakes to Avoid When Selling Your Small Business
Everyday small business owners (retailers) make drastic mistakes when selling their business and lose thousands of dollars in the process. All their hard work and long-term investment goes down the drain.
As entrepreneurs, they had once dreamed of owning their own business and building it to success. They then plan to reap the rewards in the form of a successful business sale. Sounds like a great plan…More at https://www.thebalance.com
7 Steps To Selling Your Small Business
Find the best broker for your trading or investing needs Selling a small business is a complex venture that involves several considerations. It can require that you enlist a broker, accountant and an attorney as you proceed.
Whether you profit will depend on the reason for the sale, the timing of the sale, the strength of the business’s operation and its structure. The business sale will also require much of your time and, once the business is sold, you’ll need to determine some smart ways…More at https://www.investopedia.com
How to sell your small business
If you’ve spent years — maybe even a lifetime — building a small business and are starting to think about retiring or cashing out, now may be a good time to sell. The median asking price of businesses for sale grew 12.5 percent in 2015 to $225,000, up from $200,000 in 2014, according to BizBuySell.com, an online marketplace with more than 40,000 business listings for sale.
The entities are selling on average for about two to three times their annual cash flow and at 90 percent of the ask…More at https://www.cnbc.com
How to Sell a Small Business Fast
Want to know how to sell a small business fast? Selling a company should be a business owner’s finest hour.
Ideally, you want to get top dollar for your business and possibly minimize the impact on the employees who helped get the business to a lucrative finish line. How should business owners prepare for this big event…More at http://www.foxbusiness.com
How to Sell a Business
With over 100,000 successful business sales, 10.7 million monthly page views and 150+ national distribution partners, BizBuySell is the #1 place to list your business for sale online.
If you’re ready to begin the sale process, get started here. Getting Professional Assistance. How to choose the right team of professionals to sell your business Finding the Right…More at https://www.bizbuysell.com
Ways to Cash Out of Your Business
Selling a business isn’t simple, but most entrepreneurs have more options than they realize. Taking the wrong approach could have serious financial consequences for both the entrepreneur and the company.
So it pays to know the pros and cons of several ways to cash out and to think carefully about which is the right fit for your business and you. An outright sale is probably the simplest way to exit a business. This approach makes sense when an owner’s family members have no interest…More at http://guides.wsj.com
10 Questions to Ask Before Selling Your Business
If you’re thinking about selling your business, think twice. Selling a business should never be a spur-of-the-moment decision, says Curtis Kroeker, group general manager for San Francisco-based BizBuySell.com and BizQuest.com, business-for-sale marketplaces that have an inventory of about 40,000 businesses.
“You need to figure out things like if you should sell, when is the best time to sell, and what you need to consider before selling, among many other considerations.”…More at https://www.entrepreneur.com
Small-Business Guide: How to Sell Your Business – The New York Times
You only sell your business once. That thought alone may be enough to keep you up at night when you decide it’s time to cash in on your years of hard work — as if there isn’t enough pressure associated with every step of the sale of a business.
But there’s much you can do to prepare for the sale, and it’s not a bad idea to start thinking about it long before the day arrives. While every transfer of business ownership is unique, there are…More at http://www.nytimes.com
Why is Selling a Small Business so Difficult?
One thing that is certain in a free market, is when there is distinct value in a business, buyers will emerge. Buyers must be able to distinguish the value quickly when looking at a business, otherwise, they’ll never approach the transaction…More at https://us.businessesforsale.com
How Do You Find A Buyer For Your Business?
How to Find a Buyer for Your Business
QuickBooks Resource Center 4.3 million businesses use QuickBooks QuickBooks Resource Center Leaving Your Business Whether you want to retire and there’s no one to pass the torch to, or you’re simply burnt out and ready to seek a new adventure, you’ve probably considered the possibility of selling your business.
But if you’re not lucky enough to receive a generous offer out of the blue, what would you need to do to find a buyer? If you’re ready to move on, here are some strategies for…More at https://quickbooks.intuit.com
6 Tips for Finding the Best Buyer for Your Business
We notice you’re visiting us from a region where we have a local version of Inc.com. or remain on inc.com Getty You want a big payoff by selling your business. But you don’t want just any buyer for the business, you want the most qualified buyer.
Easily, you could end up getting multiple offers from buyers that aren’t offering the most money. Matching the right buyer with the right business is a painstaking process and the transfer of business ownership is time consuming. However, the more prep…More at https://www.inc.com
Selling Your Business: The Trick To Finding The Perfect Buyer
The sale of small businesses grew significantly in the first half of 2013. According to BizBuySell.com’s latest Insight Report, the number of closed transactions grew over 60 percent during the second quarter and almost 56 percent during the first quarter of this year compared to the same periods in 2012.
Curtis Kroeker of BizBuySell.com attributes the spike to pent-up demand as buyers are finally feeling confident enough to go ahead and buy, and investors are also more willing to provide the…More at https://www.americanexpress.com
Finding The Best Buyer For Your Small Business
Find the best broker for your trading or investing needs Owners of small companies, with annual revenues ranging from $2 million to $10 million, often undertake the process of selling their business themselves. Many have built these operations from scratch with the help of their can-do attitudes and take-charge personalities.
An owner that leads his or her own mergers & acquisitions (M&A) process, however, faces difficult challenges throughout all stages of a deal. His or her focus really…More at https://www.investopedia.com
How Do You Know How Much Your Business Is Worth?
How to Value a Business? – Entreprenur.com
There are a lot of ways to value a business. There’s no “right” way, though you could probably come up with several wrong ones. Ultimately, the business is worth whatever you think it’s worth, based on the criteria you set forth.
But you can make your estimation by using several different ways to value the business and then choosing the mix that reflects your final value estimate…More at https://www.entrepreneur.com
How Much Is My Business Worth?
Owning a small business isn’t like owning stock in a publicly traded company. With stocks, you can always calculate the market value of the entire business just by multiplying the market price of the stock by the number of outstanding shares.
However, small-business valuation can be tricky, and you’ll need to take into account factors like revenue, cash flow, and future growth estimates in order to put a reasonable dollar figure on a business. Depending on the industry and the level of risk, valuations can vary greatly from business to business, but here’s a closer look at what you’ll need to know to get started…More at https://www.fool.com
Your Business Is Worth How Much?
According to The BEI 2016 Business Owner Survey, 75% of owners answered “Yes” to that question. Interestingly, 64% of owners did not plan on leaving their companies within the next three years.
Business owner and financial advisor looking over financial resources of a company. I think we can assume that if owners could realize financial security through their exits, they would be leaving in droves. Instead, they know they need time to grow business value, cash flow…More at https://www.forbes.com
How To Sell A Small Business Without A Broker
How to Sell Your Company Without a Business Broker
Marketplace by Armin Laidre When a business owner is ready to sell their company, one of the first things they’ll think to do is hire a broker to manage the sale for them. These business brokers are the equivalent of real estate brokers or agents who sell properties for their clients.
This may seem like the convenient thing to do because brokers will handle the marketing and paperwork regarding the sale of your business. However, brokers tend…More at http://exitadviser.com
10 Mistakes to Avoid When Selling Your Business – Selling Your Business Mistakes
The majority of frustrations and challenges sellers experience could be avoided easily with a little information upfront about the pitfalls of selling a business in today’s market.
There are literally dozens of challenges to overcome in a business sale–but here are the 10 that could have the most significant impact on both your business sale and your peace of mind…More at https://www.entrepreneur.com
How To Sell Your Business Without a Business Broker
Why would we write an article about selling a business without a broker? In some situations it may be the best route to take. For example, you might take this approach with a distressed sale, where there may not be enough money in the deal to pay off the liabilities, much less cover the fees of a broker.
Can You Sell a Business Without a Broker?
Brokers aren’t essential when completing the sale of your business. In fact, it’s possible to handle the sale of your business yourself and save the broker’s commission.
Typically 10 percent of the final sale price — particularly if you have a buyer in mind, such as an employee or relative, and you feel comfortable working on the sale of your business with your current lawyer and accountant…More at https://www.allbusiness.com
Selling A Business Checklist
Selling Your Business: Checklist for a Smooth Closing
We notice you’re visiting us from a region where we have a local version of Inc.com. or remain on inc.com Once you and your business buyer negotiate the fine points of a deal, it’s time to schedule the sale closing.
A few easy steps will help you lay out what you need to do in advance, during, and immediately following the big day. Here’s a chart outlining pre-closing day tasks. Work with your broker, if you’re using one, and your attorney and accountant to confirm and take the…More at https://www.inc.com
Selling Your Business For Dummies Cheat Sheet
Whatever reason you have for selling your business — finances, family, fatigue — you’ll want to assemble the right group of professionals to assist you through the sale process, know which essential documents to have on hand, and understand how to value your business assets to ensure a successful sale…More at http://www.dummies.com
Due Diligence Checklist for Selling a Business
Marketplace Templates and Checklists Download The Due Diligence Checklist serves two main purposes:
The goal of due diligence is three-fold:
1) It is a time period during which both parties verify that the proposed terms of the sale agreement are acceptable.
2) Any potential risk, downside, or problems are identified and can be factored into the final buy-sell agreement.
3) Each party becomes comfortable with the past operation of the business…More at http://exitadviser.com
12 Questions to Ask When Selling a Business + Answers & Free Checklist
Selling a business can be a difficult process, which includes everything from preparation to valuation to closing the deal.
Along the way, there are plenty of questions almost all business owners have. To help, we’ve answered the 12 most common questions you’ll likely ask during the business sale process. One of the most important things you can do when selling your business is to get a business valuation…More at https://fitsmallbusiness.com
How To Sell Your Business To A Competitor
12 Business Experts’ Advice on Selling Your Business to a Competitor
When you’re ready for retirement, starting a new business, or simply exiting your industry, selling your existing business to a competitor can be a bitter pill to swallow. While you might think that the process is the same as any old business sale, selling a business to a competitor takes a unique kind of due diligence.
And if you’ve never gone about this process before, you have a few different best practices to learn. To help you get over this particular learning curve, we asked entrep…More at https://www.fundera.com
How to Sell a Business to a Competitor
Marketplace by Armin Laidre The decision to sell a business is never an easy one. Perhaps your company is not doing well and you want to get out of it before it collapses. Either that or you may just want to move on from the business and try something new in your life such as retirement or starting another business.
The fastest way to strike a deal is to sell the business to one of your competitors. It may seem like a strange idea, but it may p…More at http://exitadviser.com
Selling Your Business to a Competitor: A Double-Edged Sword
Prepping the sale of a company is stressful enough before bringing competitive nuances into the fray. One risky consideration when getting a deal done will always revolve around the idea of sourcing competitors as potential buyers for your business.
While a source of some of the best buyers willing to pay a premium, competitors can also increase the risk of long term business sustainability. There remains a clear element of “it depends” when it comes to even considering selling-out t…More at https://investmentbank.com
Selling a Business to a Competitor: Pitfalls & Precautions
The seller must remain independent of the buyer until closing. However, some of the information that a seller shares during the time leading up to closing includes sensitive information that the seller generally would not share with a competitor.
Sharing such competitively sensitive information with a competitor-buyer can constitute an antitrust violation for which the seller can face civil penalties. Much of this information sharing occurs during the due diligence process to…More at https://exitpromise.com
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