Blog Library

Count Your Beans Before Selling Your Business

Posted by Jane Johnson on Mon, Aug, 27, 2018 @ 02:56 PM

In its simplest form, Counting Beans is about taking stock of how many assets you have saved outside your business, determining how much income you will need post-transition, and then calculating how much money you will need from the ownership transition, which is your Wealth Gap.

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Topics: business owner personal goals, prepare for business transition, selling your business 2018, Wealth gap, business owner goals

BTA Business Transition Market Pulse: Retiring Baby Boomers and Rising Revenues Fuel Record Small Business Sales

Posted by Jane Johnson on Tue, Jul, 31, 2018 @ 09:56 AM

The Details:

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Topics: baby boomer businesses, baby boomer business owners, business transition plan, baby boomer retirement, bizbuysell

New Tax Law and High Business Owner Confidence Could Lead to Increase in Small Business Sales

Posted by Jane Johnson on Thu, Jul, 26, 2018 @ 10:50 AM

The U.S. Tax Cuts and Jobs Act is some of the most significant tax reform legislation in years, and is expected to lower federal tax rates for businesses, and provide several new deductions for both C-Corporations as well as pass-through entities, including LLCs and S-Corps. Coupled with a strong economy and high business owner confidence, all signs indicate that the new tax law will have a positive impact on business values and business sales for the foreseeable future. Owners who are thinking about transitioning out of their businesses should take advantage of these favorable conditions.

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Topics: tax reform, 2018 tax law, U.S. Tax Cuts and Jobs Act

Booming Market Conditions Reach Record Highs With No Foreseeable Downturn

Posted by Jane Johnson on Wed, Jun, 27, 2018 @ 08:51 AM

The Details:

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Topics: selling my business, business sales, selling your business 2018, mergers and acquisitions

Defining Your Personal and Financial Goals Before You Transition

Posted by Jane Johnson on Mon, Jun, 18, 2018 @ 04:23 PM

Preparing yourself is the first step to successfully transitioning out of your business. While it is important to focus on preparing your business to sell, it is also vital to make sure you are both personally and financially ready to move on. You may not even remember who you were before you dove head first into your company, or know what to do with yourself after you leave it behind.

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Topics: business owners not prepared, business owner fear, planning retirement, business owner planning retirement, business owner personal goals, prepare for business transition

Key Guidelines for Co-Ownership Business Transitions

Posted by Jane Johnson on Thu, Jun, 14, 2018 @ 01:54 PM

Forging a business partnership (co-ownership) can be a rewarding endeavor, both personally and financially. It usually starts out as a mutually beneficial relationship, based on shared vision and goals. And, generally partners foresee a long-term, successful affiliation. But like any relationship, a business partnership can also be complicated, especially if there are more than two partners involved. And invariably, the goals, timeline, and expectations of each partner will change over time, which is why it’s crucial to anticipate and plan for the eventual exit of business partners (whether voluntarily or not). The goal is to ensure that if one or more partners leave, the company will be able to successfully move forward.

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Topics: Partner Ownership Transition Planning, partnership dissolving, Co-owner transition planning, business partners

Small Business Sale Prices Reach Record Highs to Start 2018; Businesses on the Market Increases by 7%

Posted by Jane Johnson on Tue, May, 22, 2018 @ 04:49 PM


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Topics: sale of a business, sell my business, sell my business 2018, baby boomer retirement, small business market, Exodus of Business Owners

Are You Prepared to Sell Your Business Before the Next Economic Downturn?

Posted by Jane Johnson on Tue, May, 01, 2018 @ 08:04 AM

According to BizBuySell.com’s First Quarter 2018 Insight Report, the first quarter of the year showed continued strong business sale activity, with record-breaking sales prices and number of transactions. Small businesses sold for a median sale price of $245,000 which was the highest median sale price since the company started tracking the data in 2007 - a 3.4% increase from the same period a year ago. 

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Topics: sell your business, next recession, economic downturn, how to sell your business

Prepare for an Exodus of Business Owners

Posted by Jane Johnson on Wed, Apr, 25, 2018 @ 11:03 AM

The Details:

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Topics: baby boomers, baby boomer business owner, baby boomer retirement, baby, Exodus of Business Owners

Business Owner Webinar: Can Your Business Survive a Lawsuit?

Posted by Jane Johnson on Thu, Apr, 19, 2018 @ 11:50 AM

Join BTA for our free Business Owner Webinar all about Risk Management and Insurance: Critical Components for Maximizing Your Business Assets

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Topics: risk management, can your business survive a lawsuit