5 Common Small Business Exit Planning Mistakes To Avoid

5 Common Small Business Exit Planning Mistakes To Avoid

5 Common Small Business Exit Planning Mistakes To Avoid If you’re a small business owner, you know that planning is key to success. This is especially true when it comes to exit planning. While there are many things you should do to make sure you’re...
Exit Planning Myths

Exit Planning Myths

Exit Planning Myths Exit planning is an important process for any small business owner who wants to retire, sell their business, or pass it on to family members. However, there are many myths and misconceptions about exit planning that can lead to costly mistakes and...
Exit Planning’s Emotional Side

Exit Planning’s Emotional Side

Exit Planning’s Emotional Side When you sell a business, it’s not just a matter of hiring a team of experts like accountants, lawyers, financial planners, business brokers, and exit planning specialists to make the deal happen. You also need to consider...
The Importance Of Having An Exit Plan For Business Owners

The Importance Of Having An Exit Plan For Business Owners

The Importance Of Having An Exit Plan For Business Owners Many business owners are unaware of the significance of an exit plan, let alone why it is necessary. However, having an exit plan can significantly increase their net worth when it’s time to sell. In this...
Importance Of Business Exit Strategies: How To Plan For Success

Importance Of Business Exit Strategies: How To Plan For Success

Importance Of Business Exit Strategies: How To Plan For Success As an entrepreneur, it’s important to think about both your short-term and long-term business goals. While this may seem like a question to consider at the end of your career, it’s actually...
Run Your Private Company Like It’s Public

Run Your Private Company Like It’s Public

Run Your Private Company Like It’s Public Small businesses often operate as if their sole purpose is to fund the owner’s lifestyle, but the most valuable companies are run with financial rigor. You may be years from wanting to sell, but starting to formalize your...
The One Number Owners Need To Stop Focusing On

The One Number Owners Need To Stop Focusing On

The One Number Owners Need To Stop Focusing On The value of your business comes down to a single equation: what multiple of your profit is an acquirer willing to pay for your company? profit × multiple = value Most owners believe the best way to improve the value of...
How To Cut Costs In Your Small Business Without Cutting Corners

How To Cut Costs In Your Small Business Without Cutting Corners

How To Cut Costs In Your Small Business Without Cutting Corners At some point in the lifespan of your business, you are going to want or need to look at cutting costs, whether you’re just starting out or looking towards exit planning. It’s part of running the...
The Build vs. Buy Equation

The Build vs. Buy Equation

The Build vs. Buy Equation If you’re wondering what your business might be worth to an acquirer, there is a simple calculation you can use. Let’s call it “The Build vs. Buy Equation”. At some point, every acquirer does the maths and calculates how much it would cost...