freedom3

3 Things to Consider When You Hit “The Freedom Point”

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When was the last time you calculated the percentage of your net worth tied to your company’s value? When you started your business, its value was probably negligible. Unless you purchased or inherited your company, it wasn’t worth much…
shark sighting

Why Now Is the Riskiest Time To Own Your Business

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Most people think of starting a business as risky, but unless you invest a significant amount of start-up cash in your venture, you’re not really risking much other than your time. That changes if you’re lucky enough to get your business…
Peachs

One Way To Decide When To Sell

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How do you know the right time to sell your company? One answer to this age-old question is that the time to sell is when someone else is willing to invest more in your business than you are. When you start a business, nobody is willing…
watches

5 Reasons Why Now Might Be The Right Time To Sell

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Are you trying to time the sale of your business so that you exit when both your business and the economy are peaking? While your objective to build your company’s value is admirable, here are five reasons why you may want to sell sooner…
brownies and milk

The Downside of Just Milking It

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If you have considered selling your business of late, you may have been disappointed to see the offers a business like yours would garner from would-be acquirers. According to the latest analysis of some 20,000 business owners who have used…
Bugatti

What’s so special about the million-dollar mark?

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If you're wondering when is the right time to sell your business, you may want to wait until your company is generating $1 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). The million-dollar mark is a…
Right Time

Is Now the Time To Sell Your Business?

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Have you been thinking about selling your business but just can’t decide if now is the best time?  Do you find yourself repeatedly analyzing the economic situation and wishing you had a crystal ball? There are positive signs and there…
Bicycle in snow

9 Warning Signs You’re a Hub-and-Spoke Owner

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If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your business, like…
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THE DANGER OF MARKET TIMING THE SALE OF YOUR BUSINESS

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The other day I was speaking with a successful CEO in his fifties who runs a heating and air conditioning company generating eight million dollars in revenue and over one million dollars in profit before tax. Even though he was tired and…