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The Right Time to Sell a Business

Are you considering selling your small- or medium-sized business? If so, timing plays a significant role in getting the best price and finding the best buyer that fits you and your company. It is almost impossible to have this information beforehand; however, you can look for a good time to sell by observing your company’s performance, industry conditions, and the current market. Selling your business—a significant life event—comes with several benefits. You can finally pursue some personal goals and have the financial freedom to fund other retirement goals. However, you have to get this right the first time—no second chances once the deal is done—so it’s necessary to plan

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Make Your Business Valuation a Priority

Valuation enhances your business plan when it comes to the company’s general well-being and how it fits into your exit planning strategy. It gives you the vision and direction to enhance the value of your company, so you can achieve your business transition objectives. By prioritizing valuation, you understand the market value of your company. That information helps you make better business decisions, resulting in a more valuable asset when it comes time to sell. What Is a Business Valuation? Business valuation is a complex process most often performed by experienced professionals to determine how much your company is worth

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Expanding Market Reach

In the dynamic landscape of business growth, achieving sustainable success is best done by understanding the nuances of Total Addressable Market (TAM), Serviceable Available Market (SAM), and Share of Market (SOM). Imagine these concepts as concentric circles, where each circle represents a unique opportunity for market expansion. Navigating this diagram strategically can pave the way for increasing your market size and establishing a stronger foothold in your industry.     1. SOM (Share of Market): The innermost circle represents the portion of the SAM that you currently serve or command as a business. To increase your SOM: Enhance your value

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Expanding Market Reach

In the dynamic landscape of business growth, achieving sustainable success is best done by understanding the nuances of Total Addressable Market (TAM), Serviceable Available Market (SAM), and Share of Market

Read More »