Tip #20 – Business Owners May Have To Finance The Sale Of Their Business.

20_bankers_suitIn today’s tough economy, obtaining financing for the sale of a business can be challenging.

Banks might not like the financials or might not be able to supply the funds even if they approved of the deal. If a good qualified buyer doesn’t have all cash, business owners may have to consider providing some if not all of the financing for the sale of their company.

Of course there can be risks to seller financing, but there are also potential advantages such as higher sale price, a greater […]

2010-03-09T00:01:45-07:00March 9th, 2010|Maximizing Business Value|

Tip #17 – Financial Statements Others Can Understand!

17_indiana_jonesIn too many cases, business financials are so confusing that no one can understand them or analyze them.

And it’s not uncommon that the tax returns don’t match up with the Profit and Loss Statements. These can become major problems when the business owner tries to obtain financing or sell his or her company.

It is absolutely critical that a business has a set of financial statements and annual tax returns that are easy to understand and make sense to anyone who has to review them.


2009-10-06T00:01:39-07:00October 6th, 2009|Maximizing Business Value|

Tip #10 – Where are the Business Financials?

10_round_up_financialsIf business owners do not have all their financials and tax returns at their fingertips (and many don’t), it usually means they don’t refer to them to effectively manage their operations.

It can also mean they don’t understand them. Business owners should regularly review their financials with their accountant and other advisors to do the proper planning necessary for a successful business.

And when it comes time to seek financing or sell the business, these all-important report cards must be immediately available.


2009-03-10T00:01:59-07:00March 10th, 2009|Maximizing Business Value|

Tip #4 – Burying Personal Expenses and Assets in the Business Financials.

Minimizing tax liability is a strategy all business owners think about. But when it comes time to obtain financing or sell the business, buried personal expenses and assets can create a problem in determining the true cash flow.

Buyers and bankers won’t always give credit to many of these items. As a result, the cash flow can be suspect. And when you apply a multiplier to determine the value of the business, the results can be disappointing.

It is in the best interest of a business owner to […]

2008-10-07T00:01:05-07:00October 7th, 2008|Maximizing Business Value|
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