Developing your business Exit Strategy

By Susan M. Jacksack, J.D., Staff Writer, Business Owner’s Toolkit
If you’ve been at all successful in your business, you’ve most likely put tremendous amounts of time, energy and plain old hard work into it. It’s probably one of your proudest achievements.

However, at some point you’re going to have to think about a subject that may seem completely foreign to you: What’s the best way to untangle yourself from the company that you’ve spent so much time putting together?

This is a preview of Developing your business Exit Strategy. Read the full post (840 words, estimated 3:22 mins reading time)

How much is your business worth?

I found this article and thought it would be helpfull for our cleints and friends. It was written by By Alice Magos, Online Advice Columnist and is included on her web site http://www.toolkit.com which I have just begun to explore. It looks like a great reference source.

How to value your business
For starters, the value of your business should, of course, be greater than the total values of its hard assets. Unfortunately this is often not the case with many small businesses. But for a buyer, the key is typically that an ongoing business has everything necessary–equipment, location, and inventory if applicable, not to mention experienced employees, suppliers, business processes, and a customer list–all in place, in the right amounts for successful operation of the business.

This is a preview of How much is your business worth?. Read the full post (731 words, estimated 2:55 mins reading time)

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