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Many business owners don’t understand the concept of goodwill or how to calculate it. When a buyer is willing to pay a premium price for a business, far more than the company’s assets would typically dictate, that is considered goodwill.  Any company can benefit from understanding how goodwill is cultivated and increasing it within their operations.  What is Goodwill?  Goodwill can be as simple as your company having an exceptional reputation and a very loyal base of customers. Often highly

What’s your company’s most valuable asset? If you’ve structured things well, chances are good that the answer is your people. When you buy a business, you’re buying the team that comes with it. So don’t alienate them on day one with policies that cause them to jump ship. Remember that M&A can be threatening for employees, who may worry about job security, corporate culture, the future of the company, poor communication, changes in company policies, and so much more. What

You may have heard the advice, “the best time to prepare to sell is when you start your business.” While this statement is far from realistic for most business owners and may even sound humorous, it does contain a certain amount of wisdom. When it comes to getting the best outcomes selling your business, preparation cannot be undervalued.  No matter where you are in the journey of running your business, we encourage you to prepare as much as you can.