EPI Know Your Gaps
Know Your Gaps Three numbers every business owner should know and manage to meet their goals. Download our Infographic to learn more. EPI Know Your Gaps – Infographic PNG Let’s Talk
How Intangible Capitals Make or Break a Business
Do you understand what makes your business valuable and how to unlock that value when you sell? Small businesses employ over 61.2 million employees, accounting for roughly 46.8% of all employees in the United States of America. Additionally, small businesses make up 99.9% of all private establishments in the United States. However, 50% of small […]
The Four Intangible Capitals Infographic
Human, Customer, Structural, and Social. Learn more about the Four Intangible Capitals in our infographic below. The Four Intangible Capitals Infographic PDF Let’s Talk
50% of all Business Exits are Involuntary
Did you know that 58% of business owners lack a written transition plan, and 9% have made no exit plans at all? Moreover, approximately 50% of all business exits are involuntary, driven by sudden external factors. Having a robust plan in place is crucial to help protect your business as well as mitigate potential impact […]
Planning a Long-Term Exit Strategy
Smart business owners plan ahead. Succession planning or an exit strategy should be a part of every business owner’s portfolio. Whether you are thinking of selling your business during the next year or ten years from now, planning is crucial. Here are things to consider when planning to sell: Remove yourself from the business Are […]
7 Common Errors When Selling a Business
When selling a business, entrepreneurs often underestimate the amount of preparation needed for a satisfactory outcome and overestimate the value of the entity. Here are 7 errors to avoid when selling your business: 1. Old or incomplete financial records: You will need complete tax records and P&L’s for several years and current interim P&L’s. Without […]
Information a Serious Buyer Needs
Buying a business can be a time-consuming and complex process. A smart buyer knows that gathering and processing information is key to a successful business venture. The Business Plan Creating a Business Plan is the key element for a serious buyer. With the initial outline of a potential Plan, a buyer can more easily discern […]
Issues in a Short Term Exit Strategy
Are you thinking of selling your business within the next year? Gleaned from our professional experience, here are three areas for you to consider: people, documents and process. Who are the People I Need? The savvy owner will gather a team of professionals to assist in this process: a business broker, accountant and attorney. Why? […]
Process for Buying a Business
Novare Business Advisors provides a step-by-step approach for the acquisition of a business. While every acquisition process is unique, here is an overview: Buyer Qualification Understanding the buyer’s objectives and buyer requisites. Completion of an individual or corporate financial statement and a Buyer’s Personal Profile Search Develop search methodology with buyer, targeting segments of the […]
Process for Selling a Business
Novare Business Advisors provides a methodical, step-wise approach to transferring business ownership. While every transfer process is unique, here is an overview: Preparation Understanding owner’s objectives and the company’s position in the marketplace. Analyze company data to determine price and terms (valuation) which are consistent with the marketplace and the owner’s objectives. Prepare Marketing Package […]