Advice for business owners
Articles on selling your business
What Is My Business Actually Worth? (And How to Increase It Before You Sell)
Every business owner has a number in their head. A figure that represents what they believe their business is worth — what they’ve put into it, what they’ve built, what it means to them. And almost every time, that number is wrong. Not because the business isn’t valuable. It is. But because the way owners calculate value is fundamentally different from how buyers calculate it, and buyers are the ones writing the check. If you’re asking “what is my business worth,” the answer depends on how...
The Lifecycle of Business Ownership
The average lifespan of a small business is roughly 8.5 years. Family-owned businesses typically last significantly longer, averaging 24 years. Whether you're in year three or year twenty, understanding where you are in that arc — and what typically happens next — is the first step toward ensuring your exit goes the way you want it to. 73-76% of employer-business owners plan to eventually sell, transfer, or exit their business. Most never get there the way they expected. How business...