There are a variety of factors that go into the calculation of the valuation of a business. These considerations allow you to determine the general value of how much a business may be worth, whether you’re looking to sell, buy, or attract investors. There are also different formulas you can use when calculating business worth,…
Buying and Selling a Business
How to Value Your Business: 5 Simple Steps to Get It Right
Knowing how to value a business is essential for small business owners, buyers, and investors. A proper valuation provides a clear picture of a company’s worth, based on its financials, growth potential, and market position. It helps you set a fair asking price, negotiate with confidence, and make informed decisions about selling, buying, or planning…
Succession Planning: How Write a Succession Plan (+Template)
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…
12 Questions to Ask When Selling a Business (+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…