Many factors go into determining how much is a business worth selling. These 5 methods of valuation can assist in finding out how much you can sell your California-based business for. Business Valuation Examples to Determine Business Worth While not an extensive list, these eight business valuation examples or methods can assist in determining how […]
Income approach valuation is a must when you decide to sell your business quickly in California, it is an emotional process. As you navigate the excitement of cashing out on your hard-working investment, there are also a lot of things that go into valuing your company. You can value an enterprise in various ways, but […]
Ed Goldman is the author of THE GOLDMAN STATE and writes a thrice-weekly online column. When he was younger and more foolish, Ed was a daily columnist for the Sacramento Business Journal, as well as a monthly columnist both for Sacramento Magazine and Comstock’s Business Magazine. Ed is also the author of five books including […]
The California economy, like the US economy and the rest of the world, is still reacting to COVID-19 and its effects. Adding to the mix, in California, we are experiencing a very hot and dry summer with over 350 wildfires raging throughout the state. Also adding to the mix is AB5 or the new independent […]
Every business owner has been affected in one way or another by COVID 19. However, the key is what to do about it. From employee, client, and customer safety to financial struggles and concerns, there are things you can do to protect yourself and your business. Here are ten things every California business owner should […]
Owning a California business has always been both desirable and different. Areas of great year-round weather and a laid back lifestyle have appealed to California entrepreneurs for decades. So has the potential for income, as were the state its own country, it would be the sixth-largest economy in the world. It was also one of […]
Due to the COVID-19 pandemic, many businesses in California are struggling with understanding which businesses are essential and which ones are not. While some cleaning services are considered to be essential, there have been debates about everything from landscaping to tree services. At the same time, since many businesses have closed, for the time being, […]
It’s that time of year again. The time to sign up for a gym membership only to cancel it in February or register for that triathlon you want to finally do, but only the one with a refundable deposit. It’s also time to talk about New Year’s Resolutions vs. business goals. The reason is simple. […]
It’s the holiday season, and the time of year when business owners start to think about the next year, and in the case of the end of this year, perhaps even the next decade. Maybe it is time to sell your business and move on, or even work on growing your business before you sell. Whatever […]
With Thanksgiving, Black Friday, Cyber Monday now behind us and the cooler weather including rain for those of us that live in California, its time to slow down and enjoy the upcoming Holiday Season! Happy Holidays to you and yours? For those of us that own a business, how was your 2019? Because I do […]
When you are selling your business, we always stress how important it is to be organized and to have certain documentation at your fingertips. This includes your taxes from the last three years, profit and loss statements, cash flow statements, payroll, bank statements, and more. Why? First, these documents show the current health of your […]
The success or failure of a business can change dramatically with one simple event, and this has never been truer in the California economy. As I write this article the wind is blowing harder than normal in Northern California. As a result, many PG&E customers are having their power cut to prevent the start of […]
As a small business owner, it is extremely tempting to try to do everything ourselves, including accounting. When you first start or purchase a business, this is not necessarily a bad idea. You need to know how to at least do the basics and read the reports your accountant sends you to make sure they […]
As we often talk about here on our website, the first step to selling your business is to have a solid business valuation, so you know what your business is worth before you start the process of selling it. Because of how important this is, we offer a free tool to help you value your […]
The most important place to start if you are thinking of selling your business is to know its value. Almost without exception, a business owner thinks their business is worth more than it is. Equally, almost without exception, a business buyer thinks the business is worth less than it is. What a seller of a […]
When you are selling your business, there are a lot of things to keep in mind. One of the most important is cybersecurity. Why? In today’s world we do a lot of business on the internet, and pass things back and forth digitally. But keeping that information secure is just as vital when selling your […]
Selling a business is rarely easy. There are just too many variables, they are mostly outside the control of all the typical parties in a transaction; especially the seller. Plus the seller has probably done this before making it easy to make mistakes. Here’s a look at mistakes to avoid when selling a business. The […]
This is a fascinating question as you think the answer would be very simple. What does it take to really sell your business? The answer is that it is anything but simple to sell a business. And here are several reasons. Selling your business comes with complications The consensus would be that the price of […]
Small business valuation is a must-do if you are thinking of selling your business or thinking of buying one, one key is to know exactly how much the business is worth. How can you know what to ask for your business or what to offer for one you wish to purchase if you don’t know […]
You’ve decided to sell your business. But who knows your business better than you do? Who can give a buyer the most compelling argument for why they should buy your business over another one in your niche? Besides, you know how to read a contract and even draw one up. It’s a part of being […]
Buying or selling your business is not something that you do every day, and you will likely need some guidance to do so. While a real estate agent may be able to value your property and help you sell that, when it comes to selling a business, they simply don’t have the specialized knowledge needed. […]
Is it time to value and sell your business? Selling and buying a business requires only one set of circumstances. There must be a motivated seller AND there must be a motivated buyer. Period. If you have a motivated seller but an interested buyer the sale of the business will not happen. If you have a […]
The economic climate is strong for buying or selling a business in Sacramento, a recent report says. It was recently announced that the number of Sacramento area businesses sold on listing service BizBuySell hit a three-year high in the second quarter of 2017. The median asking price of small businesses for sale in and around […]
A survey was recently released by BizBuySell that asked business owners if they believe the new disruptive technologies such as Amazon, Uber and Airbrb affect the value of their business. One of the results of the survey showed that nearly 40% of business owners consider new technologies affecting their business value. The survey also asked […]
Owning and operating a business is difficult enough at the best of times and even more difficult when starting. As a business owner, whether you like it or not there are laws to follow and those include both Federal and State laws including the tax requirements of the Internal Revenue Service and state taxing agencies […]
If you are thinking of buying a business and want to do it as quickly and easily as you can, don’t make a list of things that are important to you and use that as a start for your search. The more important place to start is with you and how you will be received […]
The selling price of a business that goes onto the market is critical. If the business’s selling price is wrong the chances of selling go down considerably. The bad news is that only one in four businesses sell. Having the wrong price on the business for sale is one of the reasons 80% of businesses […]
The Downtown Sacramento Partnership is a private, non-profit organization dedicated to the improvement of Sacramento’s central business district. The Downtown Sacramento Partnership oversees maintenance, safety, and revitalization programs financed by the Downtown Sacramento Management District, a property assessment district established in 1995 and renewed in 2000. Valerie Mamone-Werder is the Business Recruitment Manager for the Downtown […]
It is normal for a business owner when they plan to sell their business to get a valuation. Often they leave the decision to get a valuation when they plan to sell. This means the opportunity has gone to make some changes or be proactive with strategies that will increase the value of the business.
Should I consider an earn-out when selling my business? If you own a business and you think it is time to sell, an option to add to your tool kit is whether or not you would be willing to receive an earn out as part of the purchase price of the business.
Not everyone will agree but I am sure it’s close to the truth that buying or selling a business is unlike anything else. Here are four reasons.
Getting an SBA loan hasn’t always been an easy task and some recent changes have been to require a business valuation in order for the loan to be approved. An SBA lender cannot provide this service, but a third part like a business broker can. The benefits of an SBA loan and reasons for hiring a business broker to help are outlined in this article.
When trying to sell your business, getting an appraisal is beneficial for a number of reasons. Understanding what assets are part of the sale, removing any personal items that aren’t for sale and deciding the worth of your business with a professional ensures success when trying to sell your business. This article outlines the benefits of an appraisal and why it is critical when selling your business.
Can I sell a business in tough times? Should I buy a business in tough times? With negative economic news grabbing the headlines in the United States
If you are considering the sale of your business there are a growing number of brokers and mergers and acquisition specialists available to offer professional assistance to help you determine the value of your business and how the market might respond.
Many economists are predicting that with GM filing for bankruptcy on June 01, 2009 that the economy has hit bottom and will start to improve. With this being the longest recession since the Great Depression and many “green shoots” in the economy starting to appear
If you’re looking to sell a business, it’s critical to look at the value of the business. But a typical business really has two values.
For a business owner approaching retirement age, a buyout by the core management team in certainly an option. But with any business sale it’s important to proceed with caution.
Selling a business comes with many challenges. The number one reason most transactions don’t close after a buyer and seller have “negotiated” a deal is that the landlord cannot come to terms with the seller and/or buyer.
Selling a business is rarely a simple and straight forward process. One of the biggest mistakes I’ve found is that the seller doesn’t put themselves in the shoes of the other parties be it the buyer, lender, landlord, employees, franchisor or whoever. This article outlines 5 suggestions for a seller to use when approaching the way to sell their business.