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...
Blog adapted from Electrical Contractor Magazine Why would you sell? Perhaps you are bored with the daily routine. The industry may have changed in ways you don’t want to have to accommodate. You may want to retire, but there are no family members who are ready or willing to step into your job. Key managers...
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...
Positioning Your Business Amidst Market Shifts With Trump back in office, business owners are once again facing a potential wave of policy changes. Now is the time to consider how these shifts could influence the sale of your business. Economic and Market Optimism The market is already reacting positively to Trump's win, with valuations projected...
Blog adapted from True North Mergers and Acquisitions An Important aspect of growing a successful business is creating transferable value. Transferable value is what your business is worth to someone else without you at the helm. Whether you plan to retire or die at your desk, transferable value is what increases business value. To create transferable...
So, you've calculated the TRUE EARNING POWER of your business. Now What? We apply a "multiple" to it. One of the most common methods of valuing privately held businesses of all sizes is using valuation multiples. But where do we find these multiples? First, let me tell you where NOT to find these multiples. DON'T...
In light of Donald Trump winning the election, here are some critical insights for small businesses, with a focus on why selling your business now might be more advantageous than waiting. Why Consider Selling Now? Current Economic Optimism The stock market immediately reacted positively to Trump's election, including some record highs. This optimism could translate...
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...
