Tip #56 – Health Issues Can’t Be Ignored!

Health Issues Can't Be Ignored!One of the saddest and most difficult situations for a business is when the owner becomes too ill to effectively manage the business.

Unfortunately, because many owners haven’t done proper planning, they try to continue to run their business while coping with their illness.  The owner suffers and the business suffers.

If a business owner becomes aware of a serious illness, he or she must not ignore the fact that every day that the business hasn’t been sold can drive the value down.

2013-07-30T10:08:26-07:00July 30th, 2013|Maximizing Business Value|

Tip #55 – Is The Business Really Marketable?

I miss the old days when we had customers.Marketability of a business these days can be a big question.  Is the business still relevant and profitable?  Does it have appeal and potential for future growth and cash flow?

Business owners need to take a hard look at their business to understand what makes it marketable and determine what steps to take.  They need to create a plan – which may take months or even years.

It is recommended to contact an advisor, such as an exit planner or […]

2013-06-18T09:56:21-07:00June 18th, 2013|Maximizing Business Value|

Tip #22 – So, Where Is That Pot of Gold At The End Of The Rainbow?

22_pot_of_goldThat Pot of Gold will only be there for businesses that have been structured to sell – easy to read financials, profitable bottom line, key employees in place, growing market, quality products and services – a whole host of issues.

Business owners who are too aggressive on minimizing taxes and fail to show profits might be very disappointed in the value of their business when it comes time to sell.

Business owners need to understand what buyers are looking for and need to put plans in place to […]

2010-05-04T00:01:25-07:00May 4th, 2010|Maximizing Business Value|
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