What Would Your Business Sell For?
There is the old anecdote about the immigrant who opened his own business in the United States. Like many small business owners, he had his own bookkeeping system. He kept his accounts payable in a cigar box on the left side of his cash register, his daily receipts – cash and credit card receipts – in the cash register, and his invoices and paid bills in a cigar box on the right side of his...Read More
How Long Does It Take to Sell a Business in Indiana?
By Troy Frank, Owner — Indiana Equity Brokers Estimated read time: 7 min The short answer: Selling a business in Indiana typically takes 6 to 12 months from listing to closing. In our experience at Indiana Equity Brokers, well-prepared sellers with clean financials and realistic pricing close in 6–9 months. Sellers who list before they’re ready — messy books, inflated price, no...Read MoreWhen to Create an Exit Strategy
There is the old saying that the time to develop an exit strategy is the day you open for business. Sounds good, but it’s not very realistic. Further, it also isn’t very optimistic. On the day you open for business, thoughts about how you get out of it aren’t pleasant, or helpful, thoughts. However, as you get the business to a place where you have a bit of extra time to plan, you will find...Read More
