by Douglas Brown | May 12, 2022 | Books and records, Sell business
The better you can support your numbers, the closer to the top of the range you will get. If your industry typically sells for 1.5-2.5 times net profit, these intangibles define where you fall in that range. They won’t shoot you to 5x.If you can’t support...
by Douglas Brown | Apr 14, 2022 | Books and records, Obstacles, Sell business
Supreme Court Justice Learned Hand wrote in a 1934 opinion that “Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury”. Many owners do just that. They decide to have their...
by Douglas Brown | Jan 15, 2022 | Obstacles, Owner Dependence
Can you prove to a buyer that you have been able to take at least two weeks off (14 days in a row), preferably four weeks, with minimal contact with the business to guide day-to-day operations? What? What does taking a vacation (whatever that is) have to do with...
