Just Elementary, Inc. » Entries tagged with "Exit Strategy Planning"
Is your short lease term affecting the sale of your business
If you are planning on retiring or leaving your business soon, having just a short time remaining on your lease can give you a feeling of freedom, since you see the light at the end of tunnel. However, what about selling your business to a buyer? Will having very little lease term remaining be an issue? Yes, in most situations it will be an issue. For a buyer to complete the purchase of a business, … Read entire article »
Filed under: Business Tips, Commercial Leasing
How to Prepare Your Business for Sale
How To Prepare Your Business For Sale The key to the successful sale of a business is to think ahead, and the more time you allow for that thought process, the better the outcome will be. Planning ahead is paramount to not only selling your business more quickly and more easily than would otherwise be the case, but it also enables you to sell it for more money. The forward planning can be broken down into … Read entire article »
Filed under: Business Tips, Selling A Business
Increasing the Value of a Business: Exit Strategy Planning for Selling a Business
Want to make your business more valuable? A business owner should always have the long term in mind when operating a business. This means doing things to make the business more valuable upon transfer, whether it be by sale to an arms length third party buyer, or in some other fashion. Additional Text is below the embedded Video Here are some basic things to consider in regards to Increase the Value Of a Business Customers: • Minimize Customer Concentration: … Read entire article »
Filed under: Business Tips, Business Valuation, Selling A Business
Books & Records and Your Lease Two Factors That Impact the Attractiveness of Your Business to Potential Buyers
Two Tips to Sell Your Business Easier for a a Higher Price In most cases, there will come a time when the timing will be right to sell the business. To maximize the value of your business, you will want attract as many qualified buyers as possible. What are the things you can do to make your business as attractive as possible to maximize your buyer pool? Here are two topics that we’ll address in this post: #1. … Read entire article »
Filed under: Business Tips, Commercial Leasing, Selling A Business
Exit Strategy Planning Review: Data Security & IT Issues in Small Businesses
Continuing in our series on Exit Strategy Planning, we bring you an interview with Dan Le of Red Cup I.T. Red Cup I.T. is based out of Santa Ana, CA and provides computer related technology services for small business owners. Securing and managing the data of your business is very important. There are many issues at play, starting with the security of your confidential financial data, confidential client data, intellectual property, and network uptime. If your business … Read entire article »
Filed under: Business Tips, Selling A Business
Exit Strategy Planning – Training the Buyer of Your Business
Exit Strategy Planning for Selling Your Business – Training the Buyer of Your Business Another one of the important points to consider when preparing your business for sale and when negotiating the contract to sell the business to the buyer is the seller training you will be providing. Like everything else in business, there are no hard and fast rules, but there are important factors to consider when proposing seller training terms. Which items to offer training for … Read entire article »
Filed under: Selling A Business
Tips to make your business easier to sell or transfer to heirs or employees
If you are going to one day sell or transfer your business to heirs or employees via an E.S.O.P., then you need to consider factors that will make the business easier to transition to a qualified buyer or even your heirs. Here are 10 tips to consider. #1. Have a good lease that is reasonably assignable. If your lease is a problem, then renegotiate it. Difficult leases are a non-starter for good buyers, they don’t want an … Read entire article »
Filed under: Business Tips, Selling A Business
Making Multiple Units & Locations Work
The Los Angeles Times Small Business section recently profiled a local small business that is facing a typical dilemma for Southern California business owners. The dilemna of financial struggles amid biting off more than you can chew. The mantra in business is to multiply and use scale of economy to wring out greater profits, which is how a great deal of fortunes have been made, of which IN-N-Out Burger is a great example. People forget though, … Read entire article »
Filed under: Selling A Business
Tips to Make a Business Easier to Sell
Let’s face it, business buyers and commercial property investors have a lot of opportunities to choose from when they searching online. They easily sort results and inquire on numerous different opportunities available. Because of this, getting and keeping their attention is hard. Given that you have put in an amazing amount of blood sweat and tears setting up and operating your business, when it comes time to secure a buyer, how well positioned is your business … Read entire article »
Filed under: Business Tips, Selling A Business
1031 Exchange for A Business?
Business owners often ask us, and the answer is Yes, a 1031 exchange for a business is possible. The reason business owners ask if it is possible, is they often want to exchange a business for an investment property. But, they are very rare to pull off for many reasons. However, the exchange must be like kind, so business assets can not be exchanged for an Industrial property, or any other real property for that matter. Businesses … Read entire article »
Filed under: Business Tips
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