“Why do I need to know the value of my business today if I’m not ready to sell?” This is a question we hear all too often; if I’m not ready to sell, why do I need a business valuation? A comprehensive business valuation provides the business owner with essential information that can be used to guide future strategic planning. …
25 Situations You’ll Use a Business Valuation In Business valuations can be used for so much more than selling your company. As a small business owner, you recognize the importance of staying current with market trends, industry forecasts, and the state of our economy so that you can prepare for anything. Planning ahead is a crucial part of small business …
These tips can help you maximize the value of your HVAC business and secure the higher sales price. As an entrepreneur, you understand the importance of planning for the future of your business. An entrepreneur’s business is usually the biggest asset they have on their personal financial statement and the constant care and keeping of that asset is essential to …
7 Common Mistakes Sellers Make When Selling Their Business Selling your business is a major life decision. Unfortunately, inexperience and lack of information can prevent an owner from maximizing their hard earned value when its time to sell. By partnering with Viking Mergers & Acquisitions, you can avoid these costly mistakes. 1. Not Knowing the Value of Your Business Every business …
What does “owner readiness” look like in the next decade? What are the trends associated with business succession and exit planning? When is a good time to sell a business, and how does the M&A market look in the future? What do I need to do to improve my business, and why is it so important to sell sooner rather …
SBA Debt Relief Information: You will have 3 months from now to be able to receive debt relief for financing your business acquisition. As part of the coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new …
It’s been a challenging season for many businesses. Here at Viking, we are getting asked a lot of questions about how to navigate the current markets. The most common question being asked: “I want to sell my business but is now a good time?” We love this question because it’s a very important one to ask, especially right now. We …
In over two decades of working with business owners, one of the most common questions we hear is, “When is the right time to sell my business?” The short answer is: when your business is doing well. The long answer is a bit more nuanced. Drawing from our years of experience, here are two important factors to help determine when …
The first half of 2020 saw vast changes to the contracting and service industry landscape due to COVID–19. While the specifics of the impact have varied, nearly every business in the heating and cooling industry has been affected by the pandemic and subsequent economic shutdown. The arrival of what is normally a busy summer season now coincides with the gradual …
10 Tips When Preparing Your Business For Sale Owning a business can be one of the most rewarding things you will do in life, but at some point, every entrepreneur needs to consider their exit strategy. The task of selling your business can look incredibly daunting, but in reality, with the help of a broker, it much more simple. …
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