If you’re trying to figure out what your business might be worth, it’s helpful to consider what would be buyers are paying for companies like yours these days. A little internet research will probably reveal that a business like yours trades for a multiple of your pre-tax profit (+ add backs) for a small business…
🎤 Podcast Interview just landed: Interview episode with myself and good friend Jesse Green from Savvy Dentist Podcast just landed.
⏱👨💼💰 I know every business owner running team will get value out of it.
The ultimate test of your business can be found in a simple question: would someone want to buy your business? Whether you want to keep your business or to sell next year or a decade from now, you must be building an asset someone would buy – otherwise, you have a job, not a business. …
Have You Fallen Into The Mile Wide Trap If your company’s turnover has stalled after a period of rapid growth, you may have fallen into The Mile Wide Trap. Consider the case of Kim (not her real name) who runs a public relations firm. Kim studied marketing at school and went on to work for…
Your holiday season is approaching, and this may be the perfect time to increase the value of your company. The most valuable businesses are the ones that can survive without their owner. A buyer will pay a premium for a company that runs on autopilot and levy a steep discount for a business that is…
Most business owners think selling their business is a sprint, but the reality is it takes a long time to sell a business. The sound of the gun sends blood flowing as you leap forward out of the blocks. Within five seconds, you’re at top speed and within a dozen, your eye is searching for…
September was a roller-coaster ride for stockholders here and overseas. Tidy wins followed by even larger losses, left the average investor reeling and were a good reminder that markets move in both directions. Valuations of privately held business have also been somewhat turbulent of late. In many of the reports I am reading—both large and…
Easy…Don’t get caught out.. If you get this wrong, your lack of preparation could cost you the deal…or worse, you’ll take a discount on the business sale price. Over the past 30 years + of being involved in business sales as buyer and seller personally, or as a consultant for others, I have yet to see…
Have you been thinking about selling your business but just can’t decide if now is the best time? Do you find yourself repeatedly analysing the economic situation and wishing you had a crystal ball? There are positive signs and there are negative signs…. If you’re still up in the air and can’t quite decide whether…
As a coach, and speaker I get to work with a lot of successful baby boomer business owners and CEO’s preparing their business to exit. A common scenario I see is that even though they are tired and nearing burnout, they are planning to wait another three to five years before selling their business because…
