List of red flags
Any one of these red flags in your business make growth challenging.
We have proven solutions for all of them.
- Gross margin less than 35%
- Year to year demand for company offerings fluctuates making planning difficult
- Growing credit line
- People with ‘Manager’ titles not empowered to make business decisions
- Workflow and hand off to next role not clearly understood and managed
- Employees with key knowledge have left
- Hard to find and keep employees
- Don’t discover problems that cause poor profitability until it’s too late to fix them
- More than 20% of revenue comes from one or two clients
- What used to work to attract business isn’t doing the job anymore
How to sell a business: Best Practices, Exit Strategies and Tips
Don’t make the same mistake many business owners do today by trying to sell the company on its way down
What's it like to attempt to sell a business you've sweated years to build? Check out this interview we did with Barrie. He and his partner discovered that it takes far longer than they ever thought possible. Could it have happened faster? Yes, what they discovered at the end of the process they needed to know five years earlier! Listen to his story. If you know of an owner who needs to sell business, please share this and like this page.
Put your Business for Sale in the Righ Way and get Better Value
If you decided to sell your company, then in order to get the best value you have to prepare for the sale. Another important question is "When to sell a busines?" Timing is very important.
Running a business without an owner is one of the first and foremost tasks. So preparing of business for sale is a long term goal, that require knowledge and experience. Management team, cash flow, recurring revenue, client base, offer of good product or service, all those are success factors for businesses that are built to sell.
If you run the company in person, then there is a big risk for potential buyer of losing the investment when you are are gone as a manager after the sale. So why bother buying such company? Buyer's prospective is not depending on the size of the company and there are two options from that poin:
a) you play by the rules of buyer or
b) you lose.
From a buyer's prospective attractive and successful business looks like well oiled money machine that is able to work on its own, generating enough cash flow to fund its current expenditures, future growth and generating the income to the owner on the go.
We prepared 5 min. express test to show if your business is saleable.
Below we gathered some learning materials to provide you wholistic approach to selling a business:
Business for Sale Advisor Services
Why we do what we do
- Owning a business is one of the toughest games there is. You take a lot of risks; you have to constantly adapt and up your game in the face of many uncontrollable variables. And you are often the last to reap any rewards.
- It doesn’t have to be that way. You don’t have to be in the top percentile of companies to win the race
- We want you to play the game of business to win. To feel great about what you do for your customers, how you lead your people and the returns you earn from all your efforts.
- We do that by showing you where and how to focus on what really matters. How to get better returns financially. How to lead so your people will follow. How to find and harness demand for your offerings. How to do less but earn more.
- Which all results in higher profits, higher valuation & manageable growth.
- We’ve been honing our processes and methods since 1990. We know what works. We’re here for you.
