If your goal is to grow your business fast, you need a positive cash flow cycle or the ability to raise money at a feverish pace. Anything less and you will quickly grow yourself out of business.
Selling your business will likely be the largest financial transaction you’ll ever make. Yet many smart and successful business owners try to sell on their own. Here’s why that’s not a great idea.
The value of your business comes down to a single equation:
Profit × Multiple = Value. Here’s why it’s important to focus on that second number.
This article from In Business Magazine presents seven ways business owners misstep during the valuation process.
Good news: There is a proven way to dramatically improve the value of your business and make it more attractive to potential buyers!
Here are a few business-selling pieces of news from a recent International Business Brokers Association survey, with commentary from BEACON Business Group President and IBBA member Steve Boylan.
Estate planning is not something to put off until your deathbed. Should you have an estate plan? Absolutely.
But what does new owner training involve? What are your responsibilities? And how long will you will be “on the hook” after the deal has closed? Read on to learn more.
If you are selling your business, ignoring tax considerations until after the deal is struck is a big mistake and can put you in a dicey negotiating position.
If you are considering transferring your business to a family member, you might be tempted to put their wants and needs ahead of yours. Here’s why this is not always the smart thing to do.
Selling a business to the right buyer is like finding the right match from an online dating service: The first one to come along often is not the best match.
Here are 5 great ways to create strong connections with your customers and make them feel cared-for. It’s just good business!
Are creating a successful business and caring for family mutually exclusive propositions? Here is a great piece that reassures: You can do both.
Introducing The Sellability Score: The Proven Way to Get the Greatest Value When You Sell Your Business
Learn how the BEACON Sellability Score can help you dial up the value of your business so you get the greatest financial benefit when you sell.
This is a great piece that provides a blueprint for getting your business ready to sell for the greatest financial benefit to you.
Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you?
Here are five reasons why you may want to sell your business sooner than you might think.
Here are six reasons to stop being a jack-of-all-trades and start specializing in doing one thing better than anyone else.
When it comes to valuing your business, there is nothing subjective about goodwill. It is defined as the difference between what someone is willing to pay for your company minus the value of your hard assets.
Selling your business? Get ready for lots of questions from potential buyers. Here are eight good ones to be prepared for.