by Dan Smith | Feb 1, 2022 | Blog
The offer you initially accept from someone looking to buy your business is anything but final. Whether it is in writing or part of a Letter of Intent (LOI) or verbal, that offer is subject to negotiation as the selling process advances. Any potential buyer will need...
by Dan Smith | Jan 11, 2022 | Blog
If you are interested in either buying or selling a business, it is important to know what lies ahead of you in the process. Both sides will spend a significant amount of time dealing with offers and negotiations. As such, you should understand the documents...
by Dan Smith | Dec 21, 2021 | Blog
Preparing for your eventual departure from your business can be an emotional process. Whether you are selling to reach a financial goal, start your retirement or begin a new venture, you need to develop an exit strategy. After all of the effort put into making your...
by Dan Smith | Dec 10, 2021 | Blog
The last couple of years have been difficult ones for small business owners, and that may be an understatement. While most businesses are recovering well from the pandemic, they must now battle a labor shortage, shipment delays, and rising costs of both materials and...
by Dan Smith | Nov 23, 2021 | Blog
If you decide to sell your business, at some point you will have to disclose the sale to your employees. There is no way around it and it is a very delicate and risky matter. If you tell them too early, they could become worried about job security and start looking...
