Published by The Center for Financial, Legal & Tax Planning, Inc With the year ending, it is time for everyone to prepare for the upcoming tax season. This season, especially for business owners, can be very stressful. Many business owners may be on edge when considering the possibility of footing a large tax bill. The...
By Matt Silasiri – Marketing and Business Development Manager Good news and bad news. Let’s start with the bad, shall we? In a recent survey of 493 business brokers and M&A Advisors, 23% of advisors ranked “unrealistic seller value expectations” as the #1 reason deals fall apart (Market Pulse Q4 2022). Here's a list of...
By Manuel Santana, Business Advisor, CBI, MBA. (Updated July 3, 2024) As the owner of a cleaning business, whether you're in janitorial services, maid services, or specialty clean-up, understanding the value of your company is crucial. Whether you're considering selling, seeking investors, or simply want to gauge your business's financial health, here's a comprehensive guide...
By Matt Silasiri – Marketing and Business Development Manager The Boy Scouts of America have a simple motto that has served them well since 1908: "Be Prepared" Preparation is a key ingredient in success, and nowhere is that truer than when the time comes for a business owner to exit their business. So, how prepared...
By Matt Silasiri – Marketing and Business Development Manager One of the more staggering statistics from the 2023 Minnesota Owner Readiness Report was the following: 39% OF ALL BUSINESS OWNERS ARE NOT FAMILIAR WITH ALL OF THEIR TRANISITION OPTIONS. Let's take a look at a basic breakdown from the report: Are You Familiar with All...
By Matt Silasiri, Business Development Team Lead Importance of Exit Planning for MN Baby Boomer Business Owners The baby boomer generation in Minnesota is reaching a significant transition point as they prepare for retirement. A wave of baby boomer entrepreneurs will soon be seeking the best path to ensure the future success of their businesses....
By Manuel Santana, Business Broker, CBI, MBA The following exchange has been edited for confidentiality. The Business Owner has been a commercial construction contractor for over ten years and was discussing a valuation engagement for transition planning. Business Owner: "With interest rates so high right now, I'd think that should be driving down the value...
News Release | Contact: Keith Schubert- Reporter, Minneapolis/St. Paul Business Journal The percentage of Minnesota business owners who consider exit planning a top priority has quadrupled since 2017, according to a new survey. The 2023 Minnesota State of Owner Readiness Survey, sponsored by Minneapolis-based Sunbelt Business Advisors and done in conjunction with the Twin Cities Chapter of...
By Lisa Meyer Licensed Business Broker, Sunbelt Business Advisor, Featured in Upsize Magazine Have you ever considered exiting your business but wondered what steps you can take to maximize your proceeds? You can do several things to maximize your price, terms and tax efficiency when you are ready to sell and enter the next chapter of...
