All too often, business owners wait to form an exit strategy until they’re ready to sell. However, insufficient advanced planning can cause the owner to receive a diminished valuation at the time of the sale. Below are several best practices CGK recommends to those looking to cash out: Ensure That Crucial Employees are Fully […]
Creating an Exit Strategy Read More »
Thinking about selling your company? While some sales may go off without a hitch, others flounder due to errors made by inexperienced brokers or owners who are not prepared to sell. In this blog, we’ll explore key pitfalls to avoid as you prepare your company for sale. Premature Celebration The sale isn’t over until
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While the late, great Vince Lombardi famously said “Quitters never win and winners never quit”, that’s not always true in the business world. Rather, a winner knows when it’s the right time to get out. Many business owners delay decisions and hang on too long, but this mistake is entirely avoidable. Below are several
Determining When It’s Time to Sell Read More »
Business owners often put years of hard work and dedication into their companies, and they may not know what to do after they’re done building. If a sale is in the cards, the owner should know that preparation is a long-term effort. If you’re ready to sell, consider the tips below: Get Things in
Preparing to Sell a Business Read More »
Although buyers for businesses are not in short supply, matching a buyer with an existing business isn’t always as simple as it might sound. That’s why mergers and acquisitions experts suggest anyone contemplating selling a business work with a local business broker for best results. We are currently in the longest bull market in
Getting Help When Selling Your Business Read More »
You’ve worked hard over the years to build a business that would take care of you and your family. Now, you think it might be time to sell your business. This is a decision that most business owners do not take lightly. They are proud of what they’ve built and would like to see their
When Hiring A Mergers and Acquisitions Advisor… Read More »
Many potential business sellers call us and ask what they need to begin the process of selling their business. So, what do you need if you are a seller? Good and up-to-date financial records Good financials are extremely important to the process of selling a business. While these do not need to be audited, they
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