Blog tagged as Business Valuations

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.

The Emotional Side to Selling Your Business

30.05.24 06:20 PM - By MARK HERRMANN - Comment(s)
The Emotional Side to Selling Your Business
It is easy to get lost in the numbers when it comes to selling your business, but it is important to remember that the numbers only tell one side of the story. Both buying and selling a business come with significant mental and emotional ramifications.

Getting Your Legal Affairs in Order Before a Business Sale

09.05.24 06:19 PM - By MARK HERRMANN - Comment(s)
Getting Your Legal Affairs in Order Before a Business Sale
In the life-cycle of your business, there are few, if any, more important events than its sale and your exit. This is the culmination of years of hard-work and, as such, you should take all necessary steps to put yourself in an optimal negotiating position to maximize the value of your business.

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.