Thinking of Selling your Business? A Seller’s Checklist of Do’s and Don’ts

February 16, 2010 by Kyle Griffith · 5 Comments

Hot: Do have all of your business documentation ready. Everything starts with it. Don’t underestimate the value of your business. Owners of privately held businesses usually minimize profits to lower taxes. The financial statements may not reflect the real value of the business. Don’t overprice your business. The right buyer who is willing to pay [...]

Tagged: Best Time, Best Time to sell business, Business Broker, Business Documentation, Business Owners, determining selling price, Downturn, Favorable Terms, Financial Statements, Lower Taxes, Magic Formula, Marketing Plan, maximize business selling price, Mystery, Poor Health, prepare a marketing plan, Profits, Selling A Business, Six Months

Tips for Buyers

January 10, 2010 by Kyle Griffith · Leave a Comment

Hot: Don’t be greedy. Sellers deserve a fair price for the years they have spent developing their business. Be prepared to pay for the goodwill of the business. Have a good reason to be buying. Buying a business is hard work! It takes a commitment! Spend time deciding why you want the responsibility of owning [...]

Tagged: Buying A Business, Capital Outlay, Cash Flow, Cooperation, Credibility, Financial Statement, Full Disclosure, Good Reason, Goodwill, Jeopardy, Landlord, Landlords, Money, Negotiations, Owning A Business, Profits, Resume, Surprises, Tangible Assets, Time Is Of The Essence

Kyle Griffith

Thinking of Selling your Business? A Seller’s Checklist of Do’s and Don’ts

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