What is your business worth?

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03/17/2016 | Author: Editorial Staff

Maybe you’ve never thought about it, but one day you might want to sell your business. Even if that day won’t come for years, there are ways to prepare right now that will make your business easier to sell later. Here are three considerations to start with.

What is your cash flow?
Any potential buyer looks first at the business’s cash flow. Make sure you can prove repeatable cash flow in your business by having systems that show how you handle every transaction. Each transaction should be done in a similar way. When you make your business about the process rather than you, you’ll gain more interest and can sell at a higher price.

Check your financial pulse
Periodically schedule a financial checkup with professionals like a CPA or wealth manager. They’ll be able to help you identify problems in your business model.

See your business as others would
You’ve experienced first hand how hard it is to separate a seller’s opinion of value with reality. Use that edge and view your business as though you were a prospective buyer. Get other professionals’ feedback about where you stand, and be open to changes that would to make your business more appealing.

Categories: Business tips
Tags: business advice, selling your business


David Moore on 03/24/2016

Does anyone have a referral to a consultant who could help me make my business more marketable to a buyer who is interested in purchasing my business ?

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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