Family Business Succession Planning: Are You Ready?

The most recent PwC U.S. Family Business Survey concludes that lack of family business succession planning is a substantial problem for many U.S. family businesses. The study points out that while nearly 70% of family business owners expected ownership to continue to the next generation, only 23% had a robust, documented business succession plan. This is no small issue. Without …

How Long Does a Business Valuation Take?

Knowing your business’s market value is important information for any business owner, whether you plan to sell your business, are doing estate planning with your financial advisor, or are interested in obtaining a loan. While determining the value of your company is important, like most busy owners, you are probably also wondering, how long does a business valuation take? On …

4 Common Valuation Methods for a Company

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 …

How to Value a Business With No Assets: 3 Options

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 …

4 Tips for Getting the Most for Your IT Business

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 to Sell an IT Business

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, …

When should I sell my IT business?

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 …