21 Jul Around the Web: A Week in Summary
The following information has been sourced by Business Brokerage Press for the benefit of the business brokerage community. The views of these articles do not necessarily represent the views of Business Brokerage Press. We hope you find this information helpful.
A recent article from Up and Coming Weekly entitled “What’s the best way to sell your business in 2021?” offers tips for business owners who are looking to sell their business. These tips can help foster a positive selling experience and an optimal selling price.
When selling your business, consider the following steps:
- Get a business valuation
- Organize your financials
- Prepare your exit strategy
- Find a business broker
- Qualify potential buyers and negotiate
Click here to read the full article.
A recent article from Small Business Trends entitled “Business Valuation when Buying or Selling a Business” discusses the ins and outs of business valuation. Business valuation involves determining how much a business is worth.
A business valuation can be useful when selling your business, estate planning, raising capital, getting a loan, etc.
When preparing for a business valuation, gather your financial documents (such as profit and loss statements for the last 3 years, tax returns, balance sheet), a list of intangible assets (such as goodwill), and other important documents (such as business plans).
Common valuation methods include adjusted net asset, multiple of earnings, capitalization of earnings, discounted cash flow, market value, book value, ROI, market capitalization and EBITDA.
Click here to read the full article.
A recent article from AccountingWEB entitled “How to Successfully Sell Your Small Business” offers insights for accounting professionals whose clients are getting ready to sell their businesses. Accountants can play a pivotal role in this process.
Areas where accounting professionals tend to be involved include:
- Putting the business in a good financial position in the years leading up to a sale
- Preparing financials for buyer review
- Tax implications of the sale
- Investing the proceeds of the sale
