Quick Tips for Selling a Business No matter the organization size or industry, buying or selling a business is complex and requires careful attention and expertise to navigate the many moving parts of the transaction. For many people, the process is overwhelming at times. In order to minimize stress and ensure a successful business [...]
Strategic Planning First, thank you to all of those who have been following along in this series. I’d now like to take the time to talk about a topic that every business wants and needs but very few have any follow-through: strategic planning. Most large corporations will have a strategic plan and for good [...]
IBA's Market Pulse Q2 2022 Review By: Edwin Mysogland, CVA, CEPA, CVB, CMEA Managing Partner When asked to put together my thoughts about Indiana Business Advisors' Market Pulse Q2 2022 review, I had to think about the concerns I have heard expressed by so many of our prospective clients and their advisors. This quarter [...]
Labor Market Struggles Given the current labor market, many business owners have labor and hiring at the top of their mind. It’s no secret that it’s an ongoing struggle for both large corporations and small businesses nationwide. I won’t go into the why in this article, but I will dive into how you can [...]
Incentives for Business Owners in Indiana Did you know that the government has free money available to business owners through certain incentives? Local, state, and federal governments offer economic incentives to attract new facilities, create jobs, and encourage investments in buildings and equipment, while also retaining existing facilities and employees. Depending on the size [...]
EXIT STRATEGIES: BUILDING A BUSINESS FOR SALE Part 2: Importance of Plans, Policies and Procedures Owning and operating a business takes a lot of work. Anyone who has done this at some point in their life will agree. It’s not only time and effort put in, but also sometimes late nights, weekends, holidays, and [...]
EXIT STRATEGIES: BUILDING A BUSINESS FOR SALE It’s no secret that the internet is flooded with all kinds of information for business owners on what to do next and how to do it. The problem is: most are written in a way that are not easily understood or lack actual experience and expertise. It’s [...]
There are several options when it comes to financing a business. Seller Financing is when the owner is willing to personally finance a portion of the purchase price. Oftentimes, this increases the likelihood of closing a purchase transaction. While Seller Financing is tempting because of the heightened chance of a faster sale, it is [...]
Are you planning on listing your business for sale? You may be ready to sell the business immediately, offering it for sale “as is.” You are likely prepared to make price concessions to account for any of its unaddressed weaknesses. On the other hand, you may have decided to delay listing the business for sale [...]
If you’re considering whether or not to sell a business, you may be wondering how long the process takes. While the business exit process varies, most owners can anticipate a six- to nine-month process from signing a listing agreement to closing. Some things, however, impact the length of a business sale. In this article, [...]
