3 Benefits of Proper Business Exit Planning
Proper business exit planning means much more than just an owner trying to maximize the selling price of a business. Yes, selling for top dollar can certainly be one benefit of exit planning, but when done properly, there are additional layers of benefits to be found for not only the Seller, but also for the Buyer and for the business …
What Happens to Cash When Selling a Business?
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 …
10 Proactive Tips For a First-Time Business Seller
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, …
Selling Your Own Business vs Hiring a Pro
Few things are more frustrating to me than starting a weekend DIY project, tearing something apart, and then realizing I don’t have the time or the skills to finish the job properly. Have you been there? That feeling came to mind recently when I took a call from a business owner who had already marketed his company and had received …
How to Sell a Manufacturing Business in Asheville
Knowing how to sell a manufacturing business in Asheville — successfully — involves a few important considerations. As you are likely aware, the manufacturing industry had just started gaining momentum before the pandemic, and although manufacturing businesses are beginning to regain their footing, businesses everywhere continue to face an ever-changing environment. Here, we have identified some key points to consider …
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 …
Selling a Business: Tips to Know & Pitfalls to Avoid
Selling a business is no small matter — especially when it is your business. That is why it is essential to lean on the expertise of experienced professionals whenever possible. At Viking Mergers & Acquisitions, we have over two decades of experience buying and selling businesses, so we understand both sides of the negotiation table, and we can help sellers …
How to Find the Right Buyer for Your Business
If you are selling a business, it is wise to shift your mindset from simply, “How to find buyers for a business,” to “How to find the right buyer for my business.” Finding the right buyer for your business is critical for a successful transaction and a smooth transition. Here are some factors to consider that can help you identify …
