Aug 1, 2019 | Business, Business Plan, Exit Strategy, Small Business
A business exit strategy is simply a plan for what will happen when you are ready to leave your business. Just like you have a clearly defined business plan to guide your business through the course of its life, you should have a plan for exiting. There are several...
Jul 24, 2019 | Business, Business Bank Account, Financing
As soon as you start receiving or spending money as a business, you should open a business bank account. A business account makes it easier to separate your personal finances from business finances. This can help protect your personal assets and make record-keeping...
Jul 19, 2019 | Business, Business Valuation, Small Business, Value Drivers, Value Enhancement
The following are several key value drivers considered in business valuation that can be utilized in your business today. Consider each of these value drivers throughout the life of your business and understand how they impact the value when selling your business. For...
Jul 9, 2019 | Business, Business Plan, Business Valuation, Estate Planning
Most business owners have between 80-90% of their personal net worth tied up in the company they own – one highly non-liquid asset. Not only does this make estate planning difficult, but it also exposes the financial legacy you want to leave behind to your...
Jul 2, 2019 | Business, Business Valuation, Financing, Small Business, Value Enhancement
As a small business owner, one of your most important assets is your business. It not only provides a living, but also independence, a degree of financial security, and potentially your future retirement. Often it is more valuable than your personal residence. We hear...
Jun 25, 2019 | Business, Business Valuation, Cleaning Services
Back in late 2015, I had the opportunity to work on my first SBA business valuation for a cleaning service company. This company was a franchise that operates under the name, Merry Maids®. Merry Maids is a world leader in the residential cleaning industry and has more...
