Your Orlando Florida Business Broker

Posts

Showing posts from May, 2019

Show all

Sell Your Business: White Board Demo

May 24, 2019

Timing Your Business Sale....Speed and Variables Matter

May 20, 2019

Timing Your Business Sale: The Exit May 2, 2019 by Michael Shea PA (Edit) Timing the sale of your business is critical. All too often when a business owner considers selling their business, the fail to factor the time it takes to sell and the variables associated with their business. So the purpose of this blog is to set some expectations and give business owners some time considerations as well as some other factors that impact a deal. How Long Does It Take To Sell A Business How Long Does It Take To Sell A Business? The National Average is 8 to 12 months. I have sold one in as little as 5 days but that is far from normal. Why so long? Well lots of reasons ranging from overpricing, bank qualification, immigration delays, interest rate changes, due diligence discovery issues, and a million others. Also, keep in mind there are seasons to things both in the short term (summer, fall, holidays) and the long term (election years, Brexit, recessions). As a busin...

Planning Your Exit From Your Small Business A sale takes 8 to 12 months....primarily because sellers do not plan and get coached along the way on how to drive pricing, mitigate risk, time the exit. Call for a Free Consultation 321 287 0349

What are the most important things that I can do to get my business read...

May 10, 2019

What are the most important things to do to get your business ready to sell? Planning your exit from your business means getting your arms wrapped around a dynamic market place where buyers are both local and international and they have different needs and wants. Those needs and wants will move and impact the value of your business in their mind and as such the marketplace. Your opinion doesn't matter so preparation for the market demand is vital. 1. Get your books and Records in Order: File your taxes, reconcile your bookkeeping software to the bank statements 2. Clean up the place...we don't mean spic and span but get rid of the junk or the stuff that can distract a buyer from a business 3. Remove personal items not included from the location and the financials....again make it clean 4. Organize the business. Have an org chart, job descriptions, defined roles. 5. SWOT Analysis on yourself and address issues These are just some of the issues you need to address ...