Election, Economy, and Small Business Confidence As we approach the Presidential election and interest rates decline, small business owners are feeling more optimistic about selling. Recent data from the Q3 2024 BizBuySell insight report shows that both seller and buyer confidence are on the rise. Why Now is the Time to Plan Your Exit: Seller...
By: Bob Harris, M&A Advisor, M&AMI, Industry ExpertAlso published in BLD Connection: Key Factors That Make a Lumberyard/Building Center More Valuable - default - BLD Connection I have advised many lumberyard and building center owners when they are ready to exit their businesses and am often asked to provide an opinion of value. The value...
As we approach the end of 2024, it's time to consider your business's future. The market is becoming more attractive for sellers. Now is not the time for uncertainty. Why Start Now? Exit planning isn't just about selling; it's about maximizing your business's value and ensuring a smooth transition. By starting early, you: Increase your...
The "Dismal D's" often force owners to unexpectedly exit their businesses. What exactly are we talking about? See below. DeathDivorceDissolutionDeclining Sales When owners wait too long to exit, they may be faced with leaving money on the table, settling for 1 buyer, or not being able to exit at all. All owners will eventually exit;...
You aren't ready to exit your business if you don't have these answered. Don't let these unanswered topics kill your deal. Assessing Your Readiness What is the main reason you want to sell your business?Will your business sale meet your financial goals?What would you do if you sold? Finding the Right Buyer Who is the...
Now may be the right time. We get it. The thought of selling your business can be downright scary. You've poured your heart and soul into building something substantial, and now you're considering letting it go. It's normal to feel uncertain, even anxious about what comes next. But here's the thing - the current market...
"There are no buyers for my business" We disagree. Our buyer inquiries are up 15% and continue to climb. According to a recent study from Forrester Research, roughly 64% of small business buyers are born after 1980. Now, add in current business owners looking to grow, high net-worth individuals, and strategic buyers. Over 25,000 of...
Is your business truly ready for you to step away? Imagine taking the afternoon off and enjoying quality time with your grandchild at their soccer game or on the golf course. Now imagine it while not having to worry about running your business. There's a difference, right? Before diving into these moments, consider if your...
We hear it all the time: "I'll wait to see what happens in the next election before I make any big moves with my business." But here's the truth: political changes take time, and waiting could mean missing out on current opportunities. And by the time those changes filter down to small business owners, months—if...
