Ways to Cash Out of Your Business

Ways to Cash Out of Your Business

Selling a business isn’t simple, but most entrepreneurs have more options than they realize. Taking the wrong approach could have serious financial consequences for both the entrepreneur and the company. So it pays to know the pros and cons of several ways to cash out and to think carefully about which is the right fit for your business and you. guides.wsj.com An outright sale is probably the simplest way to exit a business. This approach…

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When Is The Right Time To Sell Your Business? It Might Be Now!

When Is The Right Time To Sell Your Business? It Might Be Now!

Many business owners have the mistaken idea that retiring from their business will be a relatively simple process – they’ll just find a buyer when they’re ready to retire and live off the proceeds of the sale for the rest of their lives. In an ideal world, this would be true. Unfortunately, the reality is much different. Except in rare circumstances, business owners cannot simply pick an age at which they want to sell or…

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Before The Sale: Tax Planning For Business Owners

Before The Sale: Tax Planning For Business Owners

As the baby boomers age, we are witnessing what many have described as the largest transfer of wealth from one generation to another. Much of the wealth is in the form of closely-held, often family, businesses; and the owners of these businesses will typically sell their companies with the hope that the proceeds from the sale will support them and their families for years to come. What they often do not appreciate is the significant…

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Built to Sell — Making Your Company Sellable

Built to Sell — Making Your Company Sellable

Turning your muse into a sellable company I’m going to define a “sellable business” as one that is not dependent on you to thrive. For anyone to want to buy it, your business has to be valuable even after you’ve left. I’m also going to assume you have a muse up and running. If not, refer back to Tim’s advice for creating a muse in The 4-Hour Workweek. By Tim Ferriss, fourhourworkweek.com The first step in turning…

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Reviewing Kevin Short’s “Sell Your Business For An Outrageous Price”

Reviewing Kevin Short’s “Sell Your Business For An Outrageous Price”

Kevin Short’s Biography KEVIN SHORT is the Managing Partner and CEO of Clayton Capital Partners, a leading middle market M& A advisory firm. Over the past 25 years, he has orchestrated over 150 purchase/ sale transactions of mid-sized businesses with an aggregate value of more than $ 1 billion. He lives in St. Louis, Missouri. Norman A. Hood, Host, CExP, exitplanshow.tv Sell Your Business For An Outrageous Price Book Review In this book, Kevin teaches you…

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So, you’re ready to cash in?

So, you’re ready to cash in?

When you’re ready to sell your business, it’s all about increasing the multiplier TORONTO, Ont. — Don’t think you can stomach another recession? Tired of the grind? Ready to cash in on a lifetime of hard work? With tougher economic times potentially on the horizon, more trucking company owners may be looking for an exit from the industry. By James Menzies, www.trucknews.com However, few have done the work necessary to maximize their monetary returns and fewer still…

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3 steps for planning to sell your business

3 steps for planning to sell your business

Many entrepreneurs assume that what made them successful will translate into a lucrative sale of a company, but selling a business is a much different proposition than building it. “Entrepreneurs are experts at creating, nurturing and growing their businesses,” I recently told a group of private business owners during a luncheon for successful entrepreneurs. Heads nodded in agreement. “You know how to grow your business or you wouldn’t be sitting here,” I continued, gauging my…

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