Clive Connors
Clive Connors
You must ask yourself these (4) Questions:
1. Is my business salable or what can I do to improve the saleability of my business?
If you were to put your business on the market today - would you get an asking price that you could live with? If not, what can you start to do now to improve saleability? Is the business turn-key? Are company policies and procedures documented to provide for a smooth transition for a new owner? These are just some of the questions that you must ask yourself.
2. What is my business worth?
You might have a figure in your head -but this figure is often based on emotional factors. One way to get a good third party opinion is to hire an expert experienced in business valuations.
3. How can I exit from my business and maintain my current lifestyle?
Your business provides for you and your family. It pays your bills, your living expenses, your medical needs and it funds your retirement. If you are contemplating an exit from your business - whether you plan to retire or just transition into another income producing venture - you have to know how much money you will need to maintain your lifestyle
4. What are the tax implications of selling my business?
Businesses are something which have a tendency to change hands now and again over the entire life of the business. Whether it is a merger or an outright sale, there are certain factors which will affect the overall value of a business that is put up for sale by its current owner. The following paragraphs will highlight some of these factors and explain why the overall value of business can be altered from time to time.
Government Small Business Loans - Visit or call your local business library or government agency. You can apply on a local, state, and federal level to get the money you need to commence and grow your business.
Hone and Evaluate
As the Vision is enacted and used as a filter for discernment and determining new courses of action, the Vision itself becomes clearer, more vivid and indeed more apparent.
You must ask yourself these (4) Questions:
1. Is my business salable or what can I do to improve the saleability of my business?
If you were to put your business on the market today - would you get an asking price that you could live with? If not, what can you start to do now to improve saleability? Is the business turn-key? Are company policies and procedures documented to provide for a smooth transition for a new owner? These are just some of the questions that you must ask yourself.
2. What is my business worth?
You might have a figure in your head -but this figure is often based on emotional factors. One way to get a good third party opinion is to hire an expert experienced in business valuations.
3. How can I exit from my business and maintain my current lifestyle?
Your business provides for you and your family. It pays your bills, your living expenses, your medical needs and it funds your retirement. If you are contemplating an exit from your business - whether you plan to retire or just transition into another income producing venture - you have to know how much money you will need to maintain your lifestyle
4. What are the tax implications of selling my business?
Businesses are something which have a tendency to change hands now and again over the entire life of the business. Whether it is a merger or an outright sale, there are certain factors which will affect the overall value of a business that is put up for sale by its current owner. The following paragraphs will highlight some of these factors and explain why the overall value of business can be altered from time to time.
Clive Connors
There are small business financing resources to help you start your business but if you don't know where to go start here with these resources.Government Small Business Loans - Visit or call your local business library or government agency. You can apply on a local, state, and federal level to get the money you need to commence and grow your business.
Hone and Evaluate
As the Vision is enacted and used as a filter for discernment and determining new courses of action, the Vision itself becomes clearer, more vivid and indeed more apparent.
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