Following is a short recap of some of the best articles I’ve read recently on selling your business, buying a business, business value, as well as other useful nuggets of small-business wisdom. [Plus a photo from my travels around Main Street USA.]
If you read only one blog post, make it this one! Upshot: If you’re not ready to understand and embrace the goal of selling your business, then wait until you are.
How to know what you should be paying yourself The question of owner’s salary can become a real issue when the time comes to sell your business. The short answer to this question is to pay yourself a market salary for the job you do.
What constitutes a useful business valuation report This post provides a good, general checklist that is helpful for getting a business valuation that supports your goal(s) for having the report done in the first place.
Understanding SBA Loan Types Individual buyers of small businesses will frequently fund part of the purchase price with an SBA loan. This article gives a nice overview of the four major types of SBA loans, and what is needed to apply.
Along with starting a business, selling one can be one of the most stressful parts of the business-ownership journey. This article explains the difference between high and low-grade anxiety, how to pinpoint stressors and deal with them directly.
3 steps for determining how much you need from the sale of your business This is an important exercise if you’re going to be relying on the proceeds from a sale to fund all or part of your retirement.
The Alliance of Merger & Acquisition Advisors released a report on done deals for the first half of 2013. Read through it with an eye toward where your business stacks up based on sales and earnings last year.
Did I miss a great article or resource? If so, please share it in the Comments below. For more where this came from, follow me on Twitter
