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DISCLAIMER: The information provided as education only. Neither the presenter nor ENNIS Legacy Partners is engaged to render legal, accounting, or other professional services. Consult a qualified professional for advice specific to your situation. ENNIS Legacy Partners assumes no legal liability for any loss related to information contained in this presentation.
A Growth Plan Helps To Maximize Your Business Sale Price
Every sale of a business requires negotiation. The buyer is purchasing the future potential of the company and is aware that they can only learn so much in a due diligence process. The seller’s strong management team, documented procedures, and portfolio of recurring revenue clients, and other value drivers will move a buyer forward. And, if a seller wants to further strengthen their story at the negotiation table they will be prepared with a documented strategic plan for future growth.
Cash Flow Projection and a Successful Exit
A small business owner named Simon understands how the cash flow of the business drives his current income, and as well how it would eventually impact the valuation and sale price. However, Simon lacked awareness of elements of potential exit routes that demand cash flow.
Connelly vs United States and Succession Planning
The recent Connelly v. United States Supreme Court decision provides critical insight for closely held business owners considering succession planning and tax implications.
What is a Certified Business Valuation and When Do I Need One?
A Certified Business Valuation is a comprehensive assessment conducted by a qualified professional to determine the fair market value of a business. It involves a systematic analysis of various factors such as financial statements, industry trends, market conditions, company assets, intellectual property, customer base, and other relevant aspects to estimate the worth of a business.
A Month on the Beach - A Key Measure of Business Value
Can you leave your business for a month, sit on the beach and leave your phone in the beach bag? If so, you have attained what few business owners do – a business that can run without you! Aside from sound cash flow, the creation of a management team is the most significant driver of business value. When the time comes for you to leave for good, a buyer wants your team, not you! If you can’t yet take that month, here are a few simple thoughts…
Exit Plan Critical Element: An Accurate Financial Gap Analysis
A critical and foundational element of your successful exit plan will be the calculation of any gap you might have in the value of your current assets (business and personal) and how much money you will need when you leave the business. This is your financial gap analysis.
Will Your Business Be More Valuable This Time Next Year?
For many, January is a time of rebirth and resolutions. It’s a month to reflect on last year’s achievements and to set goals for the year ahead.
Some people will set personal goals like losing weight or quitting a nasty habit, and most company owners will set business goals that focus on hitting certain revenue or profit milestones. But if your goal is to own a more valuable business in 2019, you may want to make one of the following New Year’s resolutions: