Let’s paint a picture of two very different scenarios when selling your business. As a business owner, you know the hard work and dedication it takes to make your dreams a reality. You have overcome countless obstacles along the way, made sacrifices of time and resources, and failed more times than you’ve succeeded…but through sheer will, perseverance and faith in … Read More
What are the 5 Key Questions to Ask When Selling Your Business?
Whether you’ve been planning on selling your business since you started it, or you woke up one morning and said, “I’m done!”, there are some things that you need to consider before hanging a for sale sign on your shingle. It can be tough to let go of a business you’ve poured your blood, sweat, and tears into for years. … Read More
It’s Not What You Sell Your Business For, It’s What You Keep
There are many discussions these days about how much businesses are actually worth. You hear about companies being sold for tens or hundreds of millions of dollars, and it can be tempting to think your business is worth just as much. But many people don’t realize that the sale price isn’t nearly as important as how much you keep for … Read More
8 Most Common Mistakes When Selling Your Business
When you’re ready to sell your business, it’s essential to make sure you avoid common mistakes. It’s important to note that these mistakes are as much about psychology as methodology. Most of these mistakes happen when business owners don’t have a clear plan for how they want to sell their business. I’ve seen business owners wake up one day and … Read More
Think Paying Capital Gains Tax When Selling Your Business is Inevitable? Think Again!
When you’re ready to sell your business, one of the many things you’ll need to think about is capital gains tax. Remember, it’s not the price you get for the sale of your business; it’s what you keep in your pocket at the end of the day. It’s understandable if you feel that this is something you can’t avoid – … Read More