What's Your Business Worth? Find Out Now With Our Free Business Valuation Tool
Topics: building business value, business valuation, business exit, exit planning, increasing business value before selling, maintaining business value, exit plan, how much is my business worth, business value, increase business value
If asked, most business owners would probably say that it’s their goal to sell or transfer their business in order to fund their retirement. And the first question they have is: “How much is my business worth?” They may have a vague idea of what they think it should be worth, but don’t usually have any tangible numbers. More often than not, it’s unrealistically high in comparison to what a buyer would actually pay.Read More
Join us for the XPX and AM&AA New England Joint Winter Social at Jack's Abby BreweryRead More
“While 54 percent of business owners plan to leave their business in the next 10 years, 72 percent [of those] have taken no exit planning action,” according to a recent study. For most business owners, their business is by far their largest asset, and not properly planning for its transfer can put them, and their employees and family members, at risk. Being prepared is the key to success. It starts with owner education, allowing enough time to plan, seeking the best advice, and creating a Business Ownership Transition Plan (BOTP). A BOTP is a comprehensive written document that outlines how and when the ownership of a business will be transferred to others, either internally or externally, in order to achieve the owner’s long-term financial and personal goals.
If you’re like most business owners, you have invested some (or most) of the best years of your life and most of your financial resources in your business. And you have taken precious little time off to focus on yourself.Read More
The market for U.S. business sales is hotter than it’s been in years, according to business sales site BizBuySell. It’s a boom time for selling a business and will likely remain that way through 2016. If you’re a business owner who is thinking about selling or transferring your business to someone else within the next year, you need to start preparing. You want to make sure that you’re ready to sell when the time is right from a market perspective and from a business and personal standpoint as well.Read More
The truth is most owners don't know how much their business is really worth today. They also don't realize that different types of sale transactions bring different values. If you are planning on selling your company internally or externally one day to fund your retirement, do you know how much your company needs to be worth in order to achieve your goals? Do you know what you would likely net from the transaction after taxes and fees? Sadly, many owners don't know the answers to these questions until it is too late.Read More
In a recent white paper, How Ownership Transition Planning Protects Both Franchisors and Franchisees, we discussed the fact that franchisees face the same succession and transition challenges that all business owners face, and most do not have a Business Ownership Transition Plan™, a contingency plan, or a leadership succession plan in place. In this article, we’ll discuss one option for franchisees – one that is commonly misunderstood – the Employee Stock Ownership Plan (ESOP).