How long does it take to sell a business? The typical time frame is 6 to 9 months, but where you fall in that range depends on a number of factors. Below are the five main variables that influence the length of the sales process. #1) Broker vs. DIY The business selling process is complex. Obtaining the services of a …
There are four main valuation methods used to determine the value of a business. The variety of methods is actually important because no single method or formula is perfect on its own. It is wise to choose a valuation utilizing multiple valuation methods for a company to determine the most accurate price for the business. Below, you will find four …
Establishing the physical asset value of a business is a fairly straightforward task. But what about the value of intangible assets? Furthermore, what about a service business that has minimal to no assets, physical or otherwise? Thankfully, assets are not a requirement for a business to have value. Profit, or the potential for profit, is; so, let’s consider how to …
Getting the most for your IT business begins with maximizing your IT business valuation. Here, we have narrowed down 3 things that business owners can prioritize to help increase the value of their IT business, even if selling is not on the immediate horizon. #1. Organize Your Financials Regardless of your exit timeline, now is the time to organize your …
How do you sell an IT business? Here, we will address not only how to sell an IT business, but how to sell an your business for top dollar. First, we will look at preparations recommended to get your IT business ready to sell. These preparations can be addressed even when the prospect of selling is still down the road, …
We have worked with business owners for over two decades, and one of the most common questions we hear is, “When is the right time to sell my business?” The short answer: when it is doing well. The long answer is a bit more involved. Here, we have drawn from our years of experience to identify two key questions to …
As a business owner and entrepreneur, the importance of planning for the future of your IT business is likely at the forefront of your mind, especially in today’s economic climate. The forward-thinking nature of an entrepreneur, especially in the technology space, is a valuable trait for staying a step ahead of trends and cycles of business. But, time and again, …
The impact of COVID-19 has been felt worldwide for the greater portion of 2020. The technology sector has experienced as much of an impact as any, from raw materials supply to electronics value chain disruption to increased security demands. With an acceleration in remote working and schooling, IT businesses have seen a rising demand for cloud infrastructure services, increased spending …
Viking Mergers is successful when our business owners successfully sell their business and achieve their goals. Below is a testimonial from a recent seller and former business owner, Chad Todd on his experience working with Viking. “In the beginning of 2019, my business coach introduced me to Jay Offerdahl at Viking. We did a call and he suggested for me …
There is incredible demand in the market right now for acquisition in the Managed Service Provider’s (MSP) space. This week we had a chance to sit down with former business owner, now Raleigh Managing Partner, Dan Wilson to talk about movement in MSPs and opportunities for MSP owner to sell their business. Q: Dan tell us a bit about your …
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