Post-Closing Steps for a Successful Transition
Once the deal is sealed and the closing is complete, many business owners might think their job is done. However, ensuring that the transition to the new owner goes smoothly is crucial not only for the business’ continued success, but also for protecting your own ongoing interests. First and foremost, even after the sale, most sellers have some sort of vested interest in the new entity’s...Read More
The Impact of Professional Phone Etiquette on Business Success
In today’s competitive business landscape, effective communication stands as a cornerstone of client relationships and company reputation. Recent industry research reveals that telephone interactions remain one of the most critical touchpoints for businesses, with 90% of consumers preferring to speak with live agents rather than automated systems3. Despite technological advancements,...Read More
Maximizing Business Value: Strategies for Accurate Financial Reporting
When it comes to selling a business, accurate financial reporting is crucial for attracting potential buyers and securing favorable deals. Business owners must prioritize transparency and legitimacy in their financial records to demonstrate the true value of their enterprise. This approach not only appeals to buyers but also satisfies lenders, investors, and regulatory bodies like the...Read More
Understanding the Odds of Selling a Business
The sale of a business, whether a small mom-and-pop shop or a larger enterprise, is a complex undertaking. Two fundamental questions often arise: “How many businesses are for sale at any given time?” and “What percentage of those businesses actually sell?” While precise figures are elusive and fluctuate with market dynamics, understanding the trends and factors...Read More
