John Mackonen’s Post

Here is how to increase the value of your business before you Sell it for Big Money 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.

Here is how to increase the value of your business before you Sell it for Big Money 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 want to sell your business, understanding the complexities and steps involved is crucial for a successful transaction. By focusing on strategic preparation and the significance of each phase, one can navigate the process with confidence and precision. Take your first step towards a smooth business sale by reading the full article. #BusinessSale #StrategicPreparation #SuccessfulTransaction

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

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.

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Sell your business with confidence! Here are seven critical points every business owner should know before listing your business for sale: https://lnkd.in/ecdDf8wQ #BusinessSellingTips #ConfidentExitStrategy #MaximizeValuation

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.

Thinking about selling your business?? Here are three essential steps to prepare your business for sale, whether you plan to sell now or in the future: Step 1: Tidy up your financials. Step 2: Lock in your key resources. Step 3: Make yourself replaceable. Details: https://lnkd.in/eEFf_PxM