One of the most common questions I hear from business owners as they consider selling their business is, “What will happen to my employees?” or “How do I take care of my staff?” Small business owners in particular have a special loyalty with their staff and management, and that weighs heavily on an owner when it’s time to sell. Here …
Without proper direction, selling a business can quickly become overwhelming and chaotic. Organizing the process into concrete tasks will help keep priorities in order and ensure that important things don’t fall through the cracks. Selling a Business Checklist: #1 Gather Advisors Find the following professionals to advise and assist you in the process of selling your business. As you progress …
Seller’s Discretionary Earnings Definition Seller’s Discretionary Earnings (SDE) is a cash-flow-based estimate of the total financial benefit a full time owner-operator derives from the business on an annual basis. This measure helps compare the cash flows and values of businesses by “recasting” or “normalizing” their financial statements. The nature of the SDE allows prospective buyers, lenders, and investors to estimate …
We receive many questions about various aspects of selling a business, from valuation methods to taxes on selling a business to when to tell employees you are selling. Another important consideration: “What happens to cash when selling a business?” Normally, cash is not included as an asset when selling a business. This means the business owner (Seller) keeps all cash …
Selling a business is a complex process. There’s far more to it than most business owners realize. These ten proactive tips will help a first-time seller prepare to sell their business for the highest value. 1. Use a Professional Advisor A professional, experienced and qualified sell-side advisor will provide an accurate assessment and valuation of the business, market it effectively, …
Running personal expenses through your business may not seem like a big deal, but this practice can cause problems you may not have considered. Here are a few reasons why you should keep your personal and business expenses separate. 3 Important Reasons to Stop Running Personal Expenses Through Your Business 1. Rules are rules, and you may be audited. The …
Even if you have just begun thinking about selling a business, you have likely already realized that the world of mergers & acquisitions can be overwhelming. For business owners who are new to the selling process, there is a great deal to learn. That is why Viking Mergers & Acquisitions educates all of our sellers on the different types of …
Overall, working with a business broker is the best way to sell your business fast. Business brokers specialize in the buying and selling of businesses, and they can save you a great deal of trouble compared to selling on your own. Be sure to follow these 5 foundational steps: 1. Determine how much your business is worth. Having a thorough, …
More than ever, business owners are realizing the need for increased efficiency and responsiveness to change, and whether you are buying or selling a business, bringing in the right kind of help can make all the difference. But what will a business broker help do that you can’t do for yourself? This is a worthwhile question, and the answer may …
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