Maturity and Exit

Maybe your end game has always been focused on selling your business. Or is the pace of running a business becoming too much, and you’re ready to slow down and retire? Perhaps you have a new business idea and you want to sell your business to pursue (and finance) that dream. Whatever your reason for selling your business, your timing is spot-on. According to BizBuySell, an online marketplace for small business buyers and sellers, small businesses are currently selling for record-breaking prices. BizBuySell surveyed 2,300 small business sellers and future business buyers and found sellers can sell for more money because [...]

Getting a business up and running is a huge challenge. Between managing resources and investments, hiring staff, attending to creditors and developing new sales funnels, it’s a tremendous challenge to try and balance everything. A common strategy to try and make things easier is to simply avoid certain aspects of the business. Maybe you can outsource some of the work to an outside firm, or perhaps you can just completely skip over doing something. This becomes especially true when your plan is to sell your business. It’s become common practice these days for people to invest in businesses, [...]

All businesses go through ups and downs, and many will suffer cash flow crises. After some tough times, you may be tempted to walk away from your business - but closing down a business is not a decision that you should make in a fit of frustration. Starting a business is so exciting, but the day-to-day grind of running a small business can wear down even the most intrepid entrepreneur. That said, if you decide this path is the right decision, here is a comprehensive closing a business checklist that will highlight some of the big issues that [...]