Selling Your Business – 7 Steps

Losses to Avoid on Sale Proceeds

A recent survey of Business Owners provides some illuminating revelations:

 Small Business Planning

How much exit planning have you completed for your business?

Significant – 13%

Some – 34%

Little – 26%

None – 25%

How long do you think it would take to get your business ready for sale?

Under 3 months – 45%

3-6 months – 22%

7-11 months – 9%

1-2 years – 13%

3-5 years – 4%

5+ years – 5%

Do you know how much your business is worth?

Yes I know the exact market value – 17%

Yes, I have a fairly accurate estimate – 36%

Yes, I have a rough estimate – 29%

No, I do not know – 18%

What have you done to value your business? (Select all that apply)

Professional Appraisal – 22%

Comparable Business Sales – 39%

Multiples of cashflow/SDE/EBITDA – 40%

My Own Analysis – 57%

Other – 6%

By starting to plan your exit TODAY you will be able to sell you business for a lot more than it is worth today and be able to pay minimal tax on the proceeds of sale.

Do not leave it too late – you can have an obligation free heads up ONLINE review simply by booking an appointment NOW!

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