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“If in Doubt, Leave It Out”: My Guiding Principle for Business Valuation
When preparing a business for sale, there’s a fine line between presenting the company favorably and staying firmly grounded. My principle of addbacks to increase business cash flow is, “If in doubt, leave it out”. It is the essential compass in this process....
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HOW MUCH IS MY BUSINESS WORTH?
If you wonder, “How much is my business worth?” or “What is the actual value of my business?” We will help provide some guidelines for how companies are valued. We provide business valuation to the companies we help sell. Our years of experience selling businesses for...
6 Characteristics of Unsuccessful Sellers
I believe every business can sell, but not every business owner can sell. Let me clarify. Just because a business can be sold doesn’t mean the proceeds will fund your dream retirement, allow you to buy that vacation home in Florida, cover college for your...
How To Evaluate Employees Before and After Buying a Business
HWhen embarking on the journey of acquiring an established business, the evaluation of existing employees is not merely a task to be checked off your to-do list. It is a pivotal step that ensures a seamless transition and sets the stage for long-term success....
The Power of Patience: What Nvidia’s Journey Teaches Us About Buying Main Street Businesses
When Nvidia went public in 1999, it was a promising technology company with innovative ideas. However, for the first 15 years, its stock returned 0%. This might have seemed like a disappointing performance for early investors. But Nvidia's leadership had something...
The Realities of Achieving Top 1% Income: Sacrifice and Hard Work in Business Acquisition
As a seasoned business broker with extensive experience working with top 1% income earners in the United States, I’ve observed a recurring theme among aspiring business buyers: the belief that one can attain a high income with minimal effort. This misconception, often...
Searching For A Business To Buy
Let's talk about buying businesses! When we're house hunting, we can punch in a few criteria like price, bedrooms, and amenities, and voila, there's a list of options right in front of us. But when it comes to buying a business, it's a whole different ball game. As a...
Navigating the Landscape of Business Buying: The Challenge of Undefined Parameters.
I want to buy a good, cash flowing business doing $500K in annually EBITDA. So what? Dog groomer, dentist, tire shop – can you be more specific? I love fun facts. Here is my fun fact of the day; according to the Oklahoma Secretary of State, there are...
What is SDE and EBITDA and how is it used in selling your business?
Today, we're going to chat about two important things: SDE and EBITDA. Now, I know those sound like fancy words, but don't worry, I'm here to break it down for you. First off, let's talk about SDE, which stands for Seller's Discretionary Earnings. Basically, SDE shows...