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Getting Exit Planning Right: 5 Tips to Better Position Your Company for a Sale

September 21, 2021 By
Exit planning should begin well before you put your business on the market. Ideally, you’ll have a few years to correct any issues with your company and position it to become an attractive acquisition. If you’re in a rush, the right M&A advisor or business broker is critical, because they can help you prioritize the things buyers think about most. No matter where you are in the exit planning journey, these five strategies can help better position your company for
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Important Points for Selling to a Family Member

September 18, 2021 By
Eventually every business owner will have to turn over control of their business to someone else. There are many options for how this can play out. They range from selling the business to a prospective buyer or selling to a competitor, to turning your business over to a family member. It is key that you start thinking about these options years before you end up in a situation where you actually have to sell.  Working with a Business Broker or
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How to Circumvent Three Legal Mistakes Sellers Make

September 11, 2021 By
After decades of hard work, selling your business can be an exciting and rewarding time. Yet, many business owners overlook the importance of focusing on the legal matters associated with sales. In this article, we’ll explore three of the most significant mistakes sellers make.  1. Use an NDA The first critical mistake that business owners should be guarding against is skipping the use of a non-disclosure agreement. Simply stated, a business owner should always make sure that a non-disclosure agreement
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