Nearly every day I am asked some version of this question: “I’ve heard that valuations in my industry are high and that taxes are going to increase. Do you think my business is worth X?” If you are wondering what the current market is like or had this same question
Have you been thinking about selling your business but are not sure where to start? Are you wondering how much your business is worth, what the current market is like, or what to expect? Read on. First, are you ready to sell? Is it your true and honest motivation? For some this is
In most business transactions it is ideal to know what to expect before beginning. So what should a business owner expect when selling their business? At a macro view there are three, high-level steps: Preparation This includes organizing required documentation, reviewing financial statements and business tax returns, insight into the
1. Get your house in order Lack of financial preparation is a big hurdle for many small business owners. If you were to put your house on the market, you would spend some time cleaning it up and making it presentable, the same is true for your business. I am
I’m very excited to share some news! I have been busy the last few weeks setting up my own firm, Washington Business Brokers LLC. There’s no change to my role as a business broker and partner to business owners except that I’ve added owner to my business card. In addition, I’m
