Maximizing your Sale

Now may be the best time to sell your business!

As seen in Dave Driscoll's column in St. Louis Small Business Monthly

Ten years after the financial crisis, selling conditions are right By Dave Driscoll Remember the fear of revenues dropping like a rock? Remember the anxiety of wondering whether you and your business would survive? Remember those difficult decisions you had to make regarding employees? Those challenging moments likely also created fear that you may never…

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Why buyers prefer businesses with a strong leadership team

Businesses should not be owner-dependent; a leadership team builds value

If you ever want to sell, your business should not be dependent on you! By Dave Driscoll You start a business believing you are THE one; you are the center of the universe. Everything is dependent upon your skills, efforts, and dedication. But what you should come to realize as the business grows, is that…

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When selling your business, “walk away cash” is crucial

By Dave Driscoll   “Walk away cash” is what’s in your pocket, free of debt and taxes, when you walk away from the closing table after selling your business – it’s the true measure of the transaction’s impact on your life.   Within your industry, you may hear stories like Julie sold her company for…

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Inventory… Don’t be shocked when Selling Your Business!

By Dave Driscoll Small business owners seem to have an aversion to inventory: they don’t like to count it, deal with it, and frequently don’t realize how much value they have invested in it. As business brokers, we encounter this phenomenon too often. Owners routinely minimize the importance of inventory value when listing the businesses…

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What Is Your Broker’s Responsibility When Selling Your Business?

By Dave Driscoll Simple…to sell the business, right? Absolutely, selling the business is the reason you chose your business broker, but there is another equally important responsibility: protecting the seller! The first objective is obvious. You draw on the reputation, business acumen, and experience of the broker and their firm to help you achieve a successful…

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C Corp vs. S Corp – a costly difference for financing your future

By Dave Driscoll Many baby boomer business owners are planning to monetize their life’s work to support retirement. It’s a natural evolution: work hard, sell your largest single asset, invest the money, and live your remaining years the way YOU want! But, surprise! The taxes on the sale of your business could greatly impact your…

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What if I’m ready to retire, but my business still needs me?

sell my business to retire

By Dave Driscoll What if I’m ready to retire, but my business still needs me? That is a complicated question to answer. Both emotional and practical issues are wrapped up in that powerful statement, in addition to the missed opportunities to create a plan and avoid such a depressing situation when you are ready to…

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Why isn’t my business worth as much as I think it is?

As seen in Dave Driscoll's column in St. Louis Small Business Monthly

by Dave Driscoll According to the business broker community, the main reason deals don’t close is a valuation gap between seller and buyer. The second most common reason is unrealistic seller or buyer demands. More than 40% of businesses don’t sell because of idealistic expectations of the business value coupled with demands driven by seller…

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Why you need a team of advisors to sell your business

As seen in Dave Driscoll's column in St. Louis Small Business Monthly

By Dave Driscoll The value of your business is probably your single largest asset, and converting that asset to the maximum amount of investable cash to support your retirement is critical. Your best shot at maximizing long-term value is to rely on a team of advisors to navigate the complexities of the sale of the…

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