Exit Plan for Small Business

07/08/2024

Please consider voting for me as Non-Executive Director of the Year in the Veblen Directors Program (takes about 35 secs) ==>

Voting is now open for the Veblen Directors Awards 2024! Cast your vote for your favourite nominee in each category before 12 August 2024 at midnight Hawaii time!

23/12/2022

When most people think about buying a business, they think it is necessary to have some form of collateral in order to get a loan from the bank. However, this is not always the case. There are a number of ways to buy a business without collateral. The most important thing to remember when buying a business without collateral is that it is important to do your research and due diligence in order to find a business that is a good fit for you and that you can afford. With the right amount of planning and preparation, it is possible to buy a business without collateral.

Learn more about the options available to you in this article.

When it comes to getting a loan, you can be certain that a bank will want collateral. This is true for both personal and business loans. Simply stated, if you have collateral, your bank won’t be concerned about being left empty handed if you can’t repay the loan. Many budding business owners are...

22/12/2022

Learn how at https://exitcution.com.

21/12/2022

You've decided it's time to sell your business. You've put a lot of blood, sweat, and tears into it, so you want to make sure you get the best price possible.

Just when you think you have everything under control, something happens that throws a wrench in the works. Maybe a potential buyer backs out at the last minute, or the IRS comes calling with an audit. Suddenly, your carefully laid plans are in disarray.

At Exitcution, we understand that selling a business means you should expect the unexpected. That's why we offer a full suite of services to help you navigate these waters. Read the article below to learn more about how to prepare yourself for the future.

No one ever said selling a business was predictable. However, the truth of the matter is that every sale is different. Even the reasons behind a business owner deciding to sell his or her business vary tremendously. If you are getting ready to sell, it’s important to be aware of the various aspect...

20/12/2022

Visit us at https://exitcution.com to learn more.

11/12/2022

You're ready to sell your business, but you're worried about the financials.

It's understandable to be worried about the financials when selling your business. After all, prospective buyers are going to scrutinize every aspect of EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization) when looking at your perceived value of your business.

Here is how to justify your EBITDA.

All too often a business owner decides to sell, only to learn a number of harsh realities. For example, oftentimes a business owner discovers that their lack of financial data represents a major problem. The simple fact is that prospective buyers will dive in and scrutinize every aspect of EBITDA (E...

10/12/2022

09/12/2022

Family businesses are critical to both the US and World economies, but they often do not have a plan to sell in a way that will profit the owners for their life's work.

Family businesses are a critical part of the economy, but too often they do not have a plan to sell in a way that will profit the owners for their life's work.

Here are the important things you should know.

Family businesses are critical to both the US and World economies. In fact, in the US alone, there are approximately 5.5 million family owned and controlled businesses.[1] While much of the world’s wealth is a byproduct of family-owned businesses, the fact is that most are not actually prepared to...

07/12/2022

You're busy trying to sell your business and you have to keep things running the same way they always have.

It can be difficult enough to sell your business, but it's even harder when things are going haywire in the meantime. Operating smoothly and keeping everything the same is essential to a successful sale.

When it comes to selling your business, let others do the heavy lifting so you can focus on other important things. Read on to learn more.

While brokerage professionals are working to sell your business, it’s important for you to keep running things in a smooth and seamless manner. In countless cases, sellers have made the mistake of letting things slide simply because they are distracted while trying to sell. You’ll want to make s...