We've been through too many deals where business owners didn't have any choice but to sell their companies for less than what they expected. Why? Because they didn't plan ahead, and life events forced them to get out before they planned to. If there would be one thing to take away from this email, it's...
As we move into a new year, tightening up your business's financials is one of the best ways to set yourself up for success. Poor financials and financing issues are the biggest obstacles we commonly see when trying to complete a business sale. Here are some practical steps to help you tighten up your financials...
Donald Trump has re-entered the oval office this week and has begun his second term as president. This will quickly change the environment that your business is operating in. Here are some changes that may be coming: Deregulation: Trump has favored reducing regulation on businesses, which could encourage innovation, job creation, and investment. It tends...
You Decide if You Want a Successful Sale As a business owner, you likely understand that selling a business isn't a piece of cake. Yet, many of you neglect getting a plan in place ahead of time. Why you do this, we are still unsure. But if you do decide to take action ahead of...
Please lean on your trusted business partners to be more informed about the changing environment. Here at Sunbelt Business Advisors, we love working with our partners for information and knowledge. The Minnesota Chamber of Commerce provided helpful information for how new policies will impact your business. Great information can be found: What happened in the...
As of January 1, 2025, certain entities are required to complete Beneficial Ownership Information* (BOI) reporting. Please note that this responsibility falls directly on you as the entity owner. Action Required: Ensure that you complete your BOI reporting by January 1, 2025, using this link (BOI E-FILING) For the filing, you’ll need: Basic information on beneficial...
Prepare ahead of time, close faster. Every business transaction is different, but on average, the exit process takes 6-9 months. Here are 7 important variables that can affect a sale timeline: Deal Value - Highter valued businesses require a longer process. Revenue - Recession-proof and recurring revenue. Owner Centricity - Less owner involvement in day-to-day...
Business Sales Surge in Q3 The third quarter saw robust activity in business acquisitions, with sale prices climbing in key sectors. Despite variations in transaction volume, buyers are paying premium prices, creating a seller-friendly market. Sector Highlights: Services: 16% increase in median sale price 18% revenue jump, 21% cash flow growthCouriers and auto repair shops...
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...
