Tax Planning Taxes have a big impact on what Buy Email List percentage of your net profits you keep. Tax Planning should be done before you sell. By structuring transactions differently you might be able to save more money on taxes. Do not wait until after Buy Email List selling to decide what you will do for taxes: When you get your cash after sale, you will be Buy Email List rest assured you have taken the best possible steps to minimize your taxes.
Exit Planning Most business owners do not Buy Email List plan for the day they will leave their business. They work until the day they determine they Buy Email List are burnt out. The problem with this is the business owner does not leave the business with the Buy Email List best value possible. Working with a consultant should be done couple of years before you plan Buy Email List to sell. If you wait too long your business may become unsellable.
The top two factors that affect business value are: what is going on in the economy and, how it particularly affects the industry you compete in. If you hit a Buy Email List time of decline, no one will want to buy your business. Selling in a timely manner, will help Buy Email List you take your time to identify the best buyer who might be able to take your business to a level you were not capable of doing on your own. Another mistake I see is because business sales rule of thumb are usually based on a multiple of industry revenu.