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Preparing a business to sell is not always top of mind, but it can have a significant impact on outcomes. Here are a few suggestions to help you avoid unexpected surprises:  https://dso.pub/3Wy4bab

When it comes to determining small business value, one of the most common question buyers ask is, ‘If I buy this business, how much money can I make?’ Yet, it’s important to look beyond the financial records when determining small business value. Oftentimes, financial records can be inaccurate or incomplete. Furthermore, they are intended to help minimize taxes, not show how well the business is doing. It is crucial to conduct adequate preliminary due diligence before purchasing a business. https://bit.ly/3TJu7hm

When it comes to determining small business value, one of the most common question buyers ask is, ‘If I buy this business, how much money can I make?’ Yet, it’s important to look beyond the financial records when determining small business value. Oftentimes, financial records can be inaccurate or incomplete. Furthermore, they are intended to help minimize taxes, not show how well the business is doing. It is crucial to conduct adequate preliminary due diligence before purchasing a business. https://bit.ly/3TJu7hm

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💼 Thinking of selling your business? Understanding EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is critical to getting the best deal. 📊 Here’s why it matters: 👉 Buyers use EBITDA to measure the true profitability of your business. 👉 It determines the value of your business using multiples. 👉 Providing accurate financial data can make or break your sale. Ready to maximize the value of your business? Don’t wait—start planning your exit strategy today. 🔗 Read our latest blog to learn more!

The first step in staring any business is research. Understanding your potential customers and the market in which you hope to enter can help you create a strategic and smart business plan.

Before you put your business up for sale, make sure these seven ducks are in a row to help with a smooth process and transition.

This program provides a professional review your existing buy-sell agreement and makes recommendations based on your current business needs and situation.

No one passes on a good deal, including you… So why not build a business that will automatically be the best deal the buyer sees in 2025? This is how I help my clients create a financial plan that attracts potential buyers 1.     Have a Separate business account Most small and mid-size businesses tend to mix their personal and business accounts. This practice makes it very difficult to know how much the business makes. I advise my clients to separate the two accounts so the buyer will have an easy time knowing how much the business makes. 2.     Conduct your own valuation twice before You cannot know the true value of your business only once before you sell it. You need to know the real value six months 6 months prior so you have an idea of how much you will make in the end. Doing a valuation earlier also gives you a chance to know how you can make necessary improvements in time to better the business. 3.     Build as much Cash flow as possible If you have more ways of bringing in good cash flow to the business one year before you sell, you will fetch more at closing. So, exploit as many options as you have and have more money getting in so that you have a better multiple when selling your business in the end. If you have no idea of how to value your business on your own, check this post on how to do it in few simple steps. 

If you’re considering selling your business, the process should begin long before you put the ‘For Sale’ sign up. Selling a business is not just a major financial decision but a life-changing one that requires meticulous planning and a strategic approach. In order to get the maximum return on your investment, you need to understand what potential buyers are looking for and make your business as attractive as possible. Read more about properly preparing for the sale of your business below. #AlloySilversteinCloudServices #AlloySilverstein #business #succession #sellmybusiness #businessowner