Fairness and Equity Among Family Members
If you’re like many business owners, your business plays a large role in supporting your family’s lifestyle. As you plan for your business’ future, you may run into questions about how to treat family members fairly in your plans. This is especially crucial if you have children who work in the business and children who do not work in the business. When planning for your business’ future...Read MoreIs Your Business Really Worth Handing Over to the Next Generation?
Before you begin your business, you should be thinking about how you will hand that business over to someone else. No one runs a business forever. Whether you sell your business or let a relative inherit it, at some point you will need to step away. When you finally do separate from your business, it is critical that you are certain that it is worth handing over. In his January 2019...Read MoreWhy You Need a Broker Who Knows How to Market Your Business?
Why You Need a Broker Who Knows How to Market Your Business? When selling your business, it’s important to ask how your broker plans to find the right buyer. There are essentially two types of business buyers. A financial buyer is usually someone looking to switch from employee to entrepreneur by “buying” a new job and lifestyle. They want to: Replace their income, Enjoy what they do,...Read MoreErase the Stress of Selling Your Business by Finding the Right Buyer
There is no denying the fact that life is much, much easier when one can find the right buyer for his or her business. Buying or selling a business can be a stressful affair, but much of that stress can be eliminated by getting the right support. The Concept of the “Right Buyer” In the recent Inc. article entitled, “How to Find the Right Buyer for Your Business and Avoid Negative...Read MoreDo You Know What Kind of Business Owner You Really Are?
Does your business have real, long-lasting longevity or is your business a temporary entity that will vanish the second you stop working on it? In his insightful article in The Business Journals entitled, “Are You Living for Today as a Business Owner or Building Value?” author Kent Bernhard asks a very important question of readers, “Are you a lifestyle business owner or a value...Read MorePay Attention to Seller’s Discretionary Earnings to Maximize Business Valuation!
Pay Attention to Seller’s Discretionary Earnings to Maximize Business Valuation! If you are a small to medium sized business owner, when it comes to selling your business one of the most important metrics that you should be aware of is known as Seller’s Discretionary Earnings or SDE. SDE refers to the total benefits that an owner receives from owning a business. SDE is important...Read MoreHow Employees Factor Into the Success Of Selling Your Business
Quality employees are essential for the long-term success and growth of any business. Many entrepreneurs learn this simple fact far too late. Regardless of what kind of business you own, a handful of key employees can either make or break you. Sadly, businesses have been destroyed by employees that don’t care, or even worse, are actually working to undermine the business that employs them....Read MoreA Planning Process for Future Success For Business Owners
Building a successful business likely took you years of deliberate planning. From your initial business plan to now, you’ve built something worth protecting and worthy of pride. When many owners reach the peak of their business success, they wonder where they go from there. Whether you’re approaching, at, or getting farther away from the peak of your success, the answer is likely the same: The...Read Moreby Evolution AdvisorsJune 29, 2019 Buyer Articles, Buying a Business, Seller Articles, Selling a Business0 comments