Blog tagged as Business Sales

When and How to Tell Your Employees About A Business Sale

27.06.24 03:21 PM By MARK HERRMANN - Comment(s)
When and How to Tell Your Employees About A Business Sale
If you've decided to sell your business, the question of when and how to tell your employees becomes a big concern. There's no way around it, and it's a very delicate matter that can have serious consequences if not handled properly.

How to Create an Exit Strategy and Avoid Costly Mistakes

29.04.24 02:15 PM By MARK HERRMANN - Comment(s)
How to Create an Exit Strategy and Avoid Costly Mistakes
If you're thinking about selling your business, it's important to have a clear and well-thought-out business exit strategy. To begin this process, you need to identify the elements that led you to consider selling your business in the first place.

How to Find Out What Your Business is Worth

27.02.24 06:12 PM By MARK HERRMANN - Comment(s)
How to Find Out What Your Business is Worth
Whether you’re buying or selling a business, it’s important to set your personal feelings aside to do a systematic business valuation. There are three best practices to valuing a small business.

Expectations for Business in 2023

08.02.23 03:50 PM By MARK HERRMANN - Comment(s)
The median revenue for closed transactions was up 7% and the cash flow was up 13%. It seems that the general consensus is that dining out is popular again after years of struggles due to people avoiding meals in public.