Why You Should Keep Personal & Business Expenses Separate
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 …
Selling a Business: 3 Types of Buyers You Will Meet
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 …
How Many Times Revenue is a Business Worth?
For additional industry-specific insight and information, visit our page of Selling Tips & Business Valuation Multiples by Industry. Challenges of the Times Revenue Method It is important to acknowledge that revenue (even recurring revenue) does not necessarily translate to profit, and likewise, an increase in revenue does not automatically equate to an increase in profit. Thus, the main challenge in …
What Is The Most Important KPI for Your Business?
This much is clear: defining Key Performance Indicators (KPIs) for your business is essential. What is less clear: identifying which performance indicators are indeed key for your particular business. There are many useful KPIs, and we believe there is one KPI in particular that will benefit every business owner, regardless of industry, location, or size. Identifying KPIs The most successful …
So, You’re Ready to Sell Your Business… Now What?
Entrepreneurs sell their businesses for a variety of reasons. Regardless of your “why,” if you have decided that the “when” is now (or soon), what should you do next? Get Familiar With the Process First, familiarize yourself with the selling process. It will be helpful to have a general understanding of the process as you engage with your Broker/Advisor of …
Business Valuations: You Are Here
Establish Your Location The reality is every business owner should have a current business valuation. We can assume that a main goal of most business owners is to grow the value of the business. With that in mind, the main benefit of a current valuation is this: all business planning needs a starting point against which all business actions can …
When is the Best Time of Year to Sell a Business?
If you are selling a business, timing is extremely important. But when is the best time of year to sell a business? It depends. Remember, selling a business is a process, and different times of the year can better lend themselves to supporting different phases of the selling process. But sometimes, the calendar can prove to be ultimately irrelevant. Let …
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 …
