When it comes to buying a business, size does matter. Most lifestyle or micro businesses have under 1 million in annual sales. When it comes to lifestyle and micro businesses, the owner is also the top manager. For valuation purposes, a good rule of thumb for a marketable lifestyle or micro business is that the […]
How to Value an Existing Lifestyle or Micro Business Read More »
With many baby boomer entrepreneurs in their 60s, many are contemplating their exit strategy. While many will consider selling their business or passing it on to their children, there is another way. While this strategy does not receive much attention, it represents a viable way to pass along the business and cash out at the
Exit Strategy for Successful Employer Based Companies Read More »
The other day I had a client look at buying someone’s business. The seller was very anxious to close the deal quickly which was the first indication that there might be a problem. Looking at the finances for the prior three years, revenue and profits were definitely moving in the right direction and the buyer
Value of Due Diligence Read More »
