Selling your business isn’t the end of a journey; it’s the beginning of a new chapter. What are your plans after the sale is complete? There’s more to do than just ride off into the sunset. Here are some tips for planning for life after the sale. Financial Planning Tips After You Sell Your Business After selling your business, you could be looking at a fairly significant windfall. Hopefully, you prepared for this eventuality during the business valuation process. Now that you have the cash in hand, you can prepare for the future by: Enlisting professional help to take advantage of tax deducti ..read more

Business valuation is one of the most crucial steps when it comes to selling your business. But according to recent data, a staggering 98% of small business owners did not properly understand the value of their business. Thankfully, you can avoid becoming a part of that statistic by using the following tips to understand the business valuation process. Business Valuation 101 Business valuation refers to determining how much an organization is worth. Financial professionals will specify a company’s value based on factors such as its: Assets Outstanding liabilities Financial performance Future ..read more

In an unstable economy, selling your business can be a challenging experience. And that’s all the more reason to take your time and walk through the sales process carefully. Some of the most common mistakes you can make when selling your business come from insufficient preparation or disengaging from the process. Here’s how to sell your business with relative ease. The Importance of Preparation The process of a successful sale starts long before you meet a single buyer. Before selling your business, you must ensure you’re prepared by doing the following: Gathering governing and financial docu ..read more

When selling your business, confidentiality is more than just a preference. It’s essential to ensure the deal goes smoothly and preserve the value of your business, both now and after the sale. Having word of the sale get out to employees, customers, competitors, or creditors could hurt your business and possibly kill the deal. But striking a balance between promoting your business and maintaining confidentiality can be incredibly difficult, especially if you’re working alone or selling a business for the first time. That’s where professionals like Sunbelt Business Brokers come in — they can h ..read more

In order to maximize the value of your business sale, you basically have to become an expert marketer. And unless the company you’re selling is a business brokerage, chances are you lack the required skill set to pull off a smooth, successful sale — especially if you attempt to do it by yourself. Of course, all these hurdles disappear when you work with a qualified business broker. Their team will have the experts needed to plan and execute a successful sale. However, there are a few things you can do to make the sale easier for you and your broker. With that in mind, here are eight helpful ma ..read more

The process of selling your business isn’t as straightforward as when selling other assets. You’ll need to prepare carefully to ensure a smooth transition. But with the right planning, you can sell your business with greater confidence. Here are some tips to aid you as you complete the process. Conduct a Comprehensive Business Evaluation Your first step should be to perform a thorough business evaluation. This means taking stock of the value of your business, including any and all assets it contains. Don’t forget to consider any intellectual property that may add value to your company as a who ..read more

Selling your business is never a decision to be made lightly. When you make this choice, you want to place your company in the hands of someone who will give your business the same attention and care that you did. So how do you find the right buyer for your business? Here are some tips to help you sell your business with greater confidence. Know Your Business Thoroughly First, it’s important to know your business inside and out. This is easiest to do if you are the founder. Even then, though, it never hurts to reflect on what makes your business unique. Think about questions like: What need d ..read more

You’re ready to sell your business, but you’re not sure anyone is ready to buy your company because of interest rates. Certainly, interest rates play a key role in companies being bought and sold and impact the structure of a deal. Higher interest rates increase the cost of borrowing money, which many companies do to finance all or a portion of a buy. That’s led to a decrease in the number of buyers looking to acquire a company, but there still are plenty of transactions taking place, according to Lexology, a global platform for business analysis. With interest rates high, you might rethink se ..read more

If you plan on selling your business now or in the future, it’s important to read your lease and share it with a business broker before you do anything else. Selling your business can be exciting, but if you’re paying rent for your company’s space, you need to know what’s in your lease and discuss your plan to sell early with your landlord. Your lease is an important part of the sale, so you shouldn’t wait until later in the process to get your landlord on board. Most states grant that landlords can’t unreasonably withhold consent for assignment, but that doesn’t mean they won’t contest the tr ..read more

Selling your business is an exciting time. You’re closing one chapter of life and moving on to another. However, the sale itself can be filled with challenges, and one of those is valuing excess inventory beforehand — the process is more complex than you might think. Here’s a closer look at how to value extra inventory while selling your business. General Rules for Valuing Inventory Exactly how you should value your inventory depends on your industry. Generally, if you’re selling your business, you should value your existing inventory at the wholesale price you paid for it. Keep in mind that n ..read more