Uncategorized

Avoid Sticker Shock When You Sell Your Business

I find that most often, business owners have no idea what the value of their business is, when they get around to selling.  Friends, relatives all have an option, most of their options have nothing to do with reality of the market. When sellers like this find out what other similar businesses have sold for, […]

Continue Reading

JUST ENGAGED: Medical Lab with Owner Benefit of $9,080,191

Medical Lab $9 Million Cash Flow 2019, Sales up 30% 2020 – Covid-19 Testing, Drugs of Abuse, Working with Clinics and Personal Injury Attys Gross Income 2019                            $12,296,262 Cash Flow:                                                      $9,080,191 Asking Price:                                                     $25 Million Located in the Upper Midwest.  Offering self-pay Covid-19 testing, molecular testing, in house quick turn […]

Continue Reading

Five housekeeping tips to take long before you are ready to sell your business

Author Stephen R. Covey in his book “The 7 Habits of Highly Effective People” says in habit #2 “Begin with the end in mind” Key employees, when you hire them or at the earliest opportunity, have them sign a non-solicitation, non-disclosure agreement which would be easier to get than a non-compete agreement.  To try and […]

Continue Reading

Cleaning up your financials is a MUST if you want to sell your business

A little thought and planning now, will increase the value of your business and make it financeable by a bank.  The most important step is having accurate financial records.  If you do not use QuickBooks or have a service that prepares you financial statements, invest a hundred dollars and start using QuickBooks.  A tax return will […]

Continue Reading

Five Must Do Steps to Get Ready to Sell Your Business

A little thought and planning now, will increase the value of your business and make it financeable by a bank.  1. The most important step Have accurate financial records.  If you do not use QuickBooks or have a service that prepares you financial statements, invest a hundred dollars and start using QuickBooks.  A tax return […]

Continue Reading

Member of:
ibbamanypafibba