Business Exit Readiness: Planning For a Meaningful Third Act
Exiting a business is more than a financial transaction; it is a significant life transition that requires careful planning and consideration. Whatever your motivation to sell, ensuring you are ready on a personal, financial, and business level is key.
Here is how to navigate each aspect.
For Buyers: The 5 Essential Steps of Business Acquisition
You’ve decided to buy a business.
Maybe you’re tired of the 9-to-5 grind or binge-watched “Shark Tank” and feel inspired. Whatever your motivation, diving into business ownership can be an exciting adventure.
Here are five essential steps to follow when buying a business.
Who’s Buying Your Business? Two Types of Buyers
You’ve decided to sell your business.
Whether you aim to sell now or later, you need to consider two primary types of buyers: The financial and the strategic buyer.
In this article you’ll learn the difference between them and how to prepare for both.
The Cost of Ignorance: Why Knowing Your Company’s Value is Critical
A shocking 98% of business owners in the US have no idea what their company is worth. This is due to an aspect of running a business that often gets neglected: performing an accurate business valuation.
In this article, you’ll find out how to avoid making this mistake.
Stop Treating Your Company Bank Account Like a Piggy Bank
Picture a magic slot machine. Each time you pull the lever, you receive a multiple of whatever you wagered. How much time would you crank that arm?
Don’t treat your company bank account like a piggy bank. Mixing personal & business expenses can reduce taxes now, but will cost you later.