Preparing for what’s next There are a multitude of websites and sources for preparing financially for retirement when you decide to leave your business. And if you’ve just sold your business, you’ve hopefully got the funds you need. How did you know what you needed? Did you sell with no onward commitments to the business? … Read more
“Luck is not a business model.” – Anthony Bourdain Introduction to the SELL IT Model The journey to selling or transferring ownership of your business has some common and critical elements. No matter what method of transition you have, these are all encompassed in the SELL IT model. For some business owners, the process may … Read more
“No one is more hated than he who speaks the truth.” – Plato When business owners think about the value of their business, they rarely do it objectively. Most business owners do not know how to value their business from the perspective of a buyer. If they do know valuation methods, they often apply entirely … Read more