These days it’s not enough to simply build a website, you also have to market it. Why? Well, as many quickly find out, the work doesn’t end when your site is launched—it’s only just begun. Now that your site is live, you need to begin marketing it so that your site will get found online…
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How to Value a Business: The Ultimate Guide for 2020
Learning how to value a business is the process of calculating what a business is worth and could potentially sell for. One common method used to value small businesses is based on seller’s discretionary earnings (SDE). This method can be used to value a business for sale as well as raising capital. To make sure…
Business Valuation Calculator: How Much Is Your Business Worth?
A business valuation calculator helps buyers and sellers determine a rough estimate of a business’s value. Two of the most common business valuation formulas begin with either annual sales or annual profits (also known as seller discretionary earnings), multiplied by an industry multiple. Both methods are great starting points to accurately value your business. For…
How to Buy a Business in 7 Simple Steps
Buying a business can be a daunting process. Steps include determining your budget, finding the right business, negotiating the price, and obtaining financing. Along the way, you will need to know how to properly value a business, what documents you will need to exchange with the seller, and who your professional allies are. The seven…
Succession Planning Template & 5 Steps to Write a Succession Plan
A business succession plan includes step-by-step instructions that establish procedures in the event a business owner or key employee leaves the business. Our succession planning template helps business owners as they answer questions like who will take over the business, how long will it take, and what standard operating procedures need to be passed on….
Business Succession Planning: 5 Ways to Transfer Ownership Of Your Business
Business succession planning is a series of logistical and financial decisions about who will take over your business upon retirement, death, or disability. To write a succession plan, the first step is to identify the ideal successor to take over the business, then determine the best selling arrangement. This usually involves a buy-sell agreement, secured…
Business Exit Strategy: 13 Ways To Exit
A business exit strategy is a strategic plan to sell or walk away from a business. You can sell a business with desirable assets for a profit and/or work as a manager. Typically, business owners plan their exit five years in advance, giving them time to maximize the business’s value for investors. Before selling your…
How to Sell a Business in 7 Steps
Selling a business can be a frustrating process if you don’t take the proper steps. From valuing your business to finding a buyer to negotiating the right contracts for the sale, there’s a lot to think about. We’ve put together the seven most important steps on how to sell a business for maximum value. One…
Top 24 Tips on When to Sell Your Business from the Pros
There are different reasons why business owners choose to sell their business. While you have invested your money, time, and energy to build and grow your business, there will come a time when selling it might be the best decision you can make. We spoke with the industry experts to help you identify when to…
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. Getting answers to the following questions…
57 Questions to Ask When Buying a Business
Knowing which questions to ask when buying a business will help you pay the right price for the business, and help you prepare to run the business after you close on the transaction. Typically, this means going through a five-step process that will help you determine which questions to ask when buying a business and…
Seller Financing: How It Works When Buying or Selling a Business
Seller financing, aka seller carryback, is a loan the seller of a business gives to the new buyer to cover all, or a portion, of the total purchase price. Seller financing for business carries strong benefits for both buyers and sellers. It can give buyers access to more capital to buy the business and opens…