Blog Library

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

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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

How New Tax Reform Law Will Impact Selling Your Business

Posted by Jane Johnson on Mon, Mar, 26, 2018 @ 06:03 PM

About the Tax Reform:

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Topics: tax reform

Which Business Transition Strategy is Right for You? 

Posted by Jane Johnson on Mon, Mar, 19, 2018 @ 05:16 PM

An Overview of Business Ownership Transition Strategies

Owners often believe that when the time comes for them to retire, they’ll simply sell or pass on their business and move on to the next phase of their lives. The reality is it’s a complex process not an event. When considering selling options, owners typically focus on the financial considerations, often assuming that the higher the sales price, the more they will net – but that might not necessarily be the case – 30% to 50% of the sale proceeds could be consumed by taxes and fees. Thinking about selling to a third-party buyer? Did you know that only about 25% of businesses that go on the market actually sell? Or, maybe you want to pass your business on to your children. Did you know that less than one-third of family businesses survive the transition from first to second generation ownership?

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Topics: business transition, ESOP, Free Business Transition Resources, planning business transition, selling my business to a third party, warren buffett, external business transition, internal business transition

Small Business Transactions Reached Record Highs in 2017, Up 27% from 2016

Posted by Jane Johnson on Thu, Mar, 08, 2018 @ 01:30 PM

The Details:

According to a recent BizBuySell.com report, a record number of small businesses changed hands in 2017, up 27% from 2016. 2017 represents a significant increase, with 9,919 closed transactions reported compared to the 7,842 in 2016. This year-over-year growth rate is the largest since 2013.

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Topics: small business market