I Want to Buy a Business: 12 Steps to Take Before Making an Offer
If your starting point is “I want to buy a business,” do not begin by negotiating the asking price. Begin by defining what you can operate, finance, and verify. Before making an offer, identify your acquisition criteria, assemble advisers, screen the seller and opportunity, normalize earnings, test transferability, choose a preliminary structure, and decide the […]
Thinking About Selling Your Business? What You Need to Know NOW
As a business owner with annual revenue of $5 million or less, planning your business exit can feel overwhelming. Understanding the value of your business and preparing for a smooth transition is crucial. Let’s look at the process from the lens of a Certified Exit Planning Advisor (CEPA), which includes our Managing Attorney Sarah Holmes. […]