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Thinking about selling your small business? Find out about business brokers, business valuations, taxes and what it takes to put a business on the market.
Divorce can be a nasty process, and it’s even more complicated if you are in business with your soon-to-be ex-spouse. Here's how to handle splitting up the assets.
Selling a professional practice is complicated, since the success of such practices hinges on the proprietor’s expertise and on the relationship between the owner and the clients. Here's how to go about it.
Selling the small business you've built for years is a complicated process—and one that you cannot go through alone. Read about which professionals you should hire to help you sell your small business.
Small business owners usually have an idea about how much they want to sell their business for—but they have no idea what it’s actually worth. Here's a quick guide to help you understand what goes into the sale price of your business.
Vicki Donlan wouldn't change a thing about the way she exited the newspaper business she owned for six years before selling it in 2004. That's because she started her business with the intention of getting out.
A lot of business owners choose an Employee Stock Ownership Plan as part of their exit strategy, but is it right for you?
All small business owners knows that a day will come when they are ready to retire or move away from running the business full-time. However, that doesn't mean you want your business to retire with you, particularly after you've put so much energy into making it a success. If you want to make sure your business continues to grow even when you step away from the day-to-day grind, here's how to identify and train someone who you believe will be a competent successor.
Of the 24 million family owned businesses in the United States, only about 30% will survive into the second generation, according to The Family Business Institute in Raleigh, N.C. That's a sobering statistic for business owners whose crowning achievement is the company they built. But those who begin succession planning early--approximately a decade before retirement--stand a better chance of passing the business on to their children. Consider the following six steps:
Your business hasn't made the money you thought it would. Or the opposite is true: Your business has been lucrative beyond your wildest dreams and buyers are chomping at the bit to take it off your hands. Maybe you're itching to spend more time with your family and friends and your heart just isn't into it anymore. Perhaps you've hit the age you planned to retire by, so that's that.
Eventually most small business owners will need to calculate the worth of their business -- for the purpose of sale, loan application, estate planning, net worth calculation, etc.
Enjoy this Web Extra from MyBUSINESS magazine.
Selling a business does not always end the headaches of owning a business.
This weekly book review is brought to you by MyBUSINESS magazine, the small business magazine for NFIB members.
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