by Douglas Brown | Sep 23, 2024 | Books and records, Sell business
The Federal government’s attempts to mitigate the effects of the pandemic of 2020-2021 resulted in enormous impacts on small businesses. Every action seemed to add another round of miseries: lockdowns of employees and customers, requiring expensive modifications...
by Douglas Brown | Aug 3, 2024 | Books and records, Sell business
Sure, “big” businesses have accountants, attorneys, human resources staff, and so on. You’re just a small three or four-person and you can’t afford that much overhead. How much paperwork can it take to run something like that?The real question...
by Douglas Brown | Jul 7, 2024 | Books and records, Sell business, Transparency
Many small business owners took advantage of the EIDL and PPP programs to take out loans against their businesses. When you’re trying to keep your staff on board through an interminable series of open-close-open-close government mandates that keeps both...
by Douglas Brown | Jun 22, 2024 | Reality of the Market, Sell business
… when you have decided to sell the business. The saying is that “business purchasers buy for potential but pay for actuals”. So your actuals must be as solid as possible when offering the business for sale, and they must remain solid for the 3-6...
by Douglas Brown | May 12, 2024 | Books and records, Sell business, Transparency
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 29, 2024 | Reality of the Market, Sell business
Someday often arrives much sooner than you expect. It can be in a good way. You achieve a revenue level that should allow you to call your capital (and sweat equity) back in for a tidy payday. Someone presents what appears to be a tempting offer out of the blue. You...
