Small Business

Once you decide it’s time to exit your business, there are three preliminary steps for you to prepare your business for a sale. After you’ve gone through these phases, the next stage is finding a buyer. Here are nine ways to find potential buyers for your business…

This is often the second question a business owner asks me (after “How much is my business worth?”). I understand the concern. Once a business owner decides to exit her business – or at least consider the possibility of exiting – she wants to know when the exit…

I’m working with two business owners who are at different points on their exit journey. Owner #1 just completed her business exit readiness review and wants to sell her business in about three years. She is in the “fix up” phase. Owner #2 is selling…

This is a common and understandable question I receive from business owners. The answer is both objective and subjective. Let’s dive in and see if I can help you determine when is (or will be) the right time for you. There are five questions to consider…

If you’ve started to hear whispers in your head it’s time to get out of your business, time to exit, what’s holding you back from starting the exit journey? The following is a list of reasons I’ve heard from business owners over the years. How many of these…

THE Day is finally within sight. That is, the day you sell your business. It’s not here yet, but it’s getting closer and when you allow yourself to dream, you will wonder, “So how do I actually get paid?” Most of us dream of a big lump sum when the exit day…

I ran across this quote from the Buddha, and it applies to selling your business. The Buddha said, “Chaos is inherent in all compounded things. Strive on with diligence.” The Buddha means we need to accept chaos and persevere through effort. And that’s what it takes…

I’m often asked by business owners if they should use a business broker when selling their business. My standard answer is, “It depends.” Let’s look at what a business broker is and some of the pros and cons of using one…

Once you’ve decided to sell your small business, get ready for a journey through a thorny thicket! If you’re not careful, you might find yourself stuck by an un-foreseen challenge. Here are five prickly issues you should keep an eye out for…

If you’re thinking about a life without your business, you can exit in one of five ways. Consider the options carefully because each approach has pros and cons. Think about which approach is best for you and all the stakeholders before proceeding down a path…