“How much is my business worth?” This is one of the most common questions asked by anyone who's even remotely considered selling their business. It is also one of the biggest stumbling blocks in starting to prepare a business for sale. Business owners don’t know where to start or who to ask.
You want to make sure you are getting the right advice from the right people. There are a number of different people and resources that are able to help you value your business, and some are better than others.
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As a business owner it can be very exciting when you are contacted by a potential buyer for your business. Sometimes this can happen when your business isn’t even on the market.
It is essential to be careful when you are dealing with a potential buyer for a number of reasons. You don’t want to give away valuable information which could potentially devalue your business, for example trade secrets and, very importantly, you don't want to waste your time. READ FULL ARTICLE ON ENTREPRENEUR
That’s a great question, you see the best time to sell your business is when you want to, not when you have to.
In Small Business Big Exit's Co-Founder Sam Harrop's latest article on The Huffington Post, he discusses why it's CRUCIAL to prepare your business for sale, even if you're not planning on selling. READ FULL ARTICLE.
As successful business advisors and multiple business owners, Stuart Goodfellow and Sam Harrop have over 30 years of practical experience and credibility across small business.