Deciding to sell a company is a huge step, but it’s only the first in the intricate process of selling a small business.
To prepare for what lies ahead, this is an overview of the steps to selling a company. Before doing anything drastic, take a few moments to understand what a business sale entails.
Consider Reasons ...
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A rock-solid recurring revenue model is one of the most valuable assets you can show a hesitant buyer.
But, not all revenue streams are created equal, especially in the eye of buyers.
Typically, a business will offer some combination of six different recurring revenue models, each one more valuable than the last.
Let’s dive into these six forms ...
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How would your business run if you were out sick for one day? What if you took a week-long vacation or a month-long leave of absence? If the answer to those questions is, “It wouldn’t,” you’re probably running your business in the “hub and spoke” model.
This traditional business model is represented as a wheel. In ...
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When a buyer approaches an owner about purchasing their business, many are inclined to talk about the great things that the business has done in the past.
Accolades, awards, sales records, and the length of time you’ve been open are all things to be proud of, but buyers are looking towards the future. They want ...
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