Many states eased or eliminated mask orders in May and June after the U.S. Centers for Disease Control and Prevention (CDC) said fully vaccinated people — those who are at least two weeks past receiving their second Pfizer or Moderna shot or the single-dose Johnson & Johnson vaccine — can safely forgo face-covering in most...
As your successful business grows larger and matures, you should always be on the lookout for forces that can diminish its value. New companies and competitors constantly aim at the top dog by identifying and exploiting weaknesses. To mitigate this constant threat, you should do two things. Identify what makes your company valuable.Protect those assets...
The Third of Four Installments in our Series: Managed Service Providers Managed Service Provider companies can be sold for a premium in today’s market.Managed Service Providers (MSPs), sometimes referred to as IT Service Providers, come in all shapes and sizes. In the “Businesses-for-Sale” marketplace, MSPs are generally considered to have less risk and greater growth...
One of the most important skill sets that successful business owners have is the ability to be ready for just about anything. The key to doing this is being agile. Let’s look at what an agile framework looks like, why it matters, and the differences between waiting for perfection and being agile in your business planning. The...
Valuing your business for sale properly is critical before you decide to sell. There are a lot of things to consider. All business owners will consider selling their business one day. And there are a lot of reasons why. As a business owner considering alternatives for transition, you may not have family members ready and...
Chris Jones, President of Sunbelt Business Advisors and Kirill Graminschi, Associate at Sunbelt Business Advisors discuss topics including: What will you do after you exit your business?Price, terms, taxes – it’s what you NETWhat are your value drivers? Why do similar size companies in the same industry sell for much different prices?Valuation: Purchase price vs....
Chas Woodhull, Financial Advisor and Dan Palmer, Financial Representative of Northwestern Mutual discuss topics including: I've sold my business...now what?What if I don't get the exit I need or want?How can I minimize taxes on the sale of my business?What's the best way to manage my new assets given my needs? In case you missed...
If divorce is an issue when selling a business, owners usually split the proceeds of any sale equally, so getting the best price and terms available for both sellers is critical. Taking advantage of the expertise of an experienced business advisor and broker is essential to the best possible outcome. Dissolving a partnership due to...
Chris Snider, CEPA, CEO of the Exit Planning Institute and Chas Woodhull, Financial Advisor of Northwestern Mutual discuss topics including: How does an owner know if the time is right to transition?Is there a consequence to taking an attractive business that is not ready to transition to market?How do I know if my business is...
