Benchmark Business Group

Preparing Your Business For Sale

Sell My Business Top 3 Value Tips

Whether you want to sell your business for top dollar or are committed to having your business in tip-top shape to hand to the next generation, these 3 Value Tips will pave the way to a successful and profitable business transition. 1. Understand Your Personal Value. If you’re too valuable...
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COVID and Business Value

COVID and Business Value Buyers' number one concern in buying a business is the reliability of future revenue. COVID-19 is akin to an earthquake sending unexpected seismic shock waves of revenue disruption. Depending on how your business industry lies geographically among the strata of business industries, you’ve either experienced minor...
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Who Will Buy Your Business?

Don’t let time run out for developing an exit strategy that gives you maximum value from your business. Too often we talk with business owners who are ready to sell yet haven’t taken any steps to prepare their business to be sell-able. There are at least six ways to exit...
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Shush, I’m Selling My Business

When it comes to selling your business, keeping it quiet and confidential is essential. Once you make the decision you’re selling, it’s vital to tell as few people as possible. Your professional Deal Team: your accountant, financial advisor, attorney and business broker each understand the importance of maintaining confidentiality. However,...
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What’s Your Market Value?

There is one piece of information that is essential when you are preparing to sell your business: Market Value. Once you have established the value of your business in today’s market you have the baseline to understand how much money you will have left after a sale. You may have...
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How Time Can Kill A Business Sale

Time is not your friend when negotiating with interested buyers. Most buyers are actively looking to invest their money in a business. They have their own timeline in mind and are most likely looking at multiple businesses. When you have a buyer interested enough in your business to want more...
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The Secret to Selling Your Business

For every business that sells fast and for top dollar there are 50 that linger on the market for months if not years and sell for far less than the owner desires, if they sell at all. So, what’s the secret? Why do some business owners maximize the value of...
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Avoid This Mistake When Selling Your Business

One of the biggest mistakes owners need to avoid when selling their company is being lured into a proprietary deal. The Definition Of A Proprietary Deal Acquirers land a proprietary deal when they convince owners to sell their businesses without creating a competitive marketplace. ´╗┐Acquirers running a proprietary deal know...
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Planning to Sell? How to answer THE most important question

Many business owners believe the act of selling their business is similar to passing the baton in a 400 meter relay: once you're finished running, you get to relax. In reality, most buyers will insist that even though they're now holding the baton, you need to stay on for a transition period. During this time, anywhere from three months to three years or more, you continue to work in your business to help the buyer capitalize on the investment they're making. Each deal is different; however, there is always a timeline that needs to be agreed upon, where your knowledge, experience and expertise is available.
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The Emotional Roller Coaster of Selling a Business

Even the most stoic business owner has emotional ties to their business. Years of hard work, long hours and late nights, giving your business what it needs creates an emotional connection. That emotional connection, in combination with the uncertainties of selling a business, can be a ticket to an emotional roller coaster ride through the sales process. 
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