Tag Archives: business succession planning

How to determine the value of a business

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There are numerous methods for determining the value of a business, however, as a general rule a business is valued at 2 to 4 times the business owners benefit based upon the businesses financial records. The business owners benefit will typically include their salary, dividends, health insurance, company car and any other expenses paid by the business for the benefit of the owner. Although this is the general rule, there are many factors that can […]

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Creating a sellable business; avoid the small business mindset

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You’ve invested years of hard work and sacrifice into your business, but have you created a business that has value to someone else? Have you created a business that someone is willing to buy? Most small businesses are run by owners that have little or no business background, and consequently suffer from the “small business mindset”. They are passionate about their business, and control virtually every aspect of the business. After all, no one can […]

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