I would tell you that better than 70% of the time business owners have made short term decisions in a vacuum without thinking of the end goal of wealth and a exit. Now is all they think of resulting in really horrible outcomes at the time of sale. If your CPA is not having this conversation with you you need a new CPA.
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Top 10 Mistakes Business Owners Make When Preparing to Sell (And How to Avoid Them)
Work with a business broker to streamline the process and avoid these traps.
How to Value Your Small Business Before Selling: A Step-by-Step Guide
Gather Financials
Collect three years of profit-and-loss statements, balance sheets, and tax returns. Buyers want clean, organized data to assess profitability.
The 4 Blind Spots That Could Derail Your Business Exit
For most entrepreneurs, the dream is clear: build a business from the ground up, create something of lasting value, and one day, make a successful exit that secures your family’s future. It’s the culmination of years of hard work, risk, and sacrifice. You pour everything you have into growing your company, managing daily operations, and steering the ship through every challenge.
From My Father’s Depression-Era Wisdom to Modern Entrepreneurs: Planning to “Keep What Matters”
My Irish father grew up during the Great Depression as one of five boys in a lively, crowded house. With four brothers, every dollar stretched to cover basic needs, and resourcefulness was a necessity, not a choice. Shoes were shared, clothes patched and worn thin, and meals planned with discipline—a vivid lesson in making the […]