Obviously, you want to consider only those businesses that you would feel comfortable owning and operating. “Pride of Ownership” is an important ingredient for success. You also want to consider only those businesses that you can afford with the cash you have available. In addition, the business you buy must be able to supply you with enough income – after making payments on it – to pay your bills. However, you should look at a business with an eye toward what you can do with it – how you can improve it and make it more productive and profitable. There is an old adage advising that you shouldn’t buy a business unless you feel you can do better than the present owner. Everyone has seen examples of a business that needs improvement in order to thrive, and a new owner comes in and does just that. Conversely, there are also cases where a new owner takes over a very successful business and not soon after, it either closes or is sold. It all depends on you!
We anticipate problems, manage expectations, and advise on different solutions.
OUR VALUE REALIZED METHOD
Most business owners won’t realize the full value of their business when they sell or exit because the business wasn’t packaged properly and wasn’t ready to sell. Businesses are competitive in the market when they have clean and organized books and records, trackable processes, and consistent, verifiable profits. Our goal is to help with organizing your financials, employee-related records, and other charts & reports so that a buyer will have more confidence in the business and pay accordingly.
