Category: For Sellers

How is Your Business Valued?

Business For Sellers Valuation

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If your business exit strategy is to sell your business now or in 3-5 years, please read on. I consider myself blessed to work with successful entrepreneurs. I love to hear “the story”. How they started in a spare room or a garage with little or no money, grinding it out 80-90 hours a week. ...
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Do You Own a Job or a Business?

Business Business Information For Sellers

Posted by Tony Samples on

You’ve owned your business for many years. You’ve built it from nothing to where it is today. You enjoy going to work each day and receive a great sense of satisfaction from the daily accomplishments of the business. But now it’s time to sell, or at least develop an exit strategy. The problem ...
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Want to Sell Your Company in 2023 – Do These 5 Things Now

Business Information For Sellers Sell a Business

Posted by Tony Samples on

This month's article was written by Ron Buck, Regional Director, Murphy Business & Financial - Carolinas If you are considering selling your company in 2023, there are 5 things you should be doing (or not doing as the case may be) between now and year-end, as well as over the next few months. ...
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Finding a Good Broker

Business Business Information For Sellers Sell a Business

Posted by Tony Samples on

You’ve decided you are ready to talk with a business broker about buying or selling your business. It wasn’t an easy decision; there is a lot to consider! You’re a little nervous about making the call and starting the process, but you’re even MORE nervous about making sure you select the rig ...
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When is it time to sell?

Business Business Information For Sellers Sell a Business

Posted by Tony Samples on

How do you know when it’s time to sell your business? To some it might seem like a silly question, but for a business owner (and particularly for a family-owned business), the decision can cause some sleepless nights. Since we work with a lot of sellers, here is a list of some of the tell-tale sig ...
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Are Staffing Issues Affecting Business Sales?

Business Business For Sale Business Information For Sellers General Business Sell a Business

Posted by Tony Samples on

It’s no secret that businesses are having labor troubles. Everyone is hiring. Hourly wages are going up. Restaurants are reducing hours and days of operation. Supply chains are interrupted. It’s EVERYWHERE. If you own a business, this might be what is driving you to consider selling. Or perha ...
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How is Your Business Valued?

Business Business For Sale Business Information For Sellers General Business Sell a Business Valuation Valuing

Posted by Tony Samples on

I consider myself blessed to work with successful entrepreneurs. I love to hear “the story”: How they started in a spare room or a garage with little or no money, grinding it out 80-90 hours a week. Now, after several decades, they have a very nice business. They are all extremely competent and ...
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Steps to Seling

Business For Sale For Sellers Sell a Business

Posted by Tony Samples on

Have you ever wondered HOW people sell their business when that time arrives? You may know intuitively that it’s not like selling a car or a piece of real estate, but most people don’t know where to begin when they’re ready to sell their business. At Murphy Business, we guide clients through t ...
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One Million Dollars

Business Business Information For Sellers Sell a Business Valuation Valuing

Posted by Tony Samples on

If we had a dime for every time a business owner told us they wanted to get a million dollars, five million, or even ten million dollars for their business…well, we’d have a LOT of dimes! Often times there is more of a psychological component to this “magic number” than anything rooted in ...
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What is Your Business Worth Today?

Business Business Information For Sellers General Business Sell a Business Valuation Valuing

Posted by Tony Samples on

Even though most business owners have approximately 85% of their net worth attributed to their business, most run their business day after day, month after month, year after year, and have no idea what their business is worth. They may think they know, but often the price they have in mind is not re ...
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Valuation Traps

Business Information For Sellers General Business Valuation Valuing

Posted by Tony Samples on

If you own a business, at some point you’ll probably need to know what your business is worth. It might be for estate planning purposes, a major life event, or perhaps you’re thinking about selling your business. Whatever the reason, there are some “valuation traps” out there, so we want ...
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Throwing Good Money After Bad

Business Business For Sale Business Information For Sellers General Business Sell a Business

Posted by Tony Samples on

“Know when to hold ‘em, know when to fold ‘em, know when to walk away, and know when to run…” Kenny Rogers may have been talking about gambling, but the lyrics work for business owners too. Over half of businesses in the US have been impacted by COVID this year to some degree and as we ...
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Marketing Blindly and Nationally

Business Business For Sale Business Information For Sellers General Business Sell a Business

Posted by Tony Samples on

If you’re a savvy business owner, you know that maintaining strict confidentiality is critical when selling your business. Only a handful of people should know you’re thinking of selling: your spouse, financial planner, accountant, and attorney. Often, this element alone will push a seller towar ...
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Lending Posture

Business Information For Sellers General Business Sell a Business

Posted by Tony Samples on

One of the top questions we’re asked in this unprecedented COVID environment is “are you still selling businesses?” The answer is a resounding YES! The follow up question usually has something to do with how banks are supporting those transactions, so we thought we’d examine what we’re see ...
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Hope is Not a Strategy

Business Business For Sale Business Information For Sellers General Business Sell a Business Valuation Valuing

Posted by Tony Samples on

You probably have a financial advisor who is managing your money and will advise you as to whether or not you’re on track for retirement. That’s smart and, for most of us, essential. Even the most talented, worth-their-salt money manager will tell you that their financial models can be “garbag ...
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Coronavirus and Buying or Selling a Business

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Posted by Coronavirus and Buying or Selling a Business on

  Coronavirus. Yep, we’re jumping on the bandwagon. Why on earth are we, business brokers, talking about Coronavirus?! It has nothing to do with buying or selling business, right? Hang with us for a minute… Last week, the Federal Reserve cut interest rates by 50 basis points (0.50 ...
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The Importance of Knowing Your Business’s Value

Business Business For Sale Business Information For Sellers Sell a Business Valuation Valuing

Posted by Tony Samples on

How much is your business worth? How much is it actually worth to a buyer if you were to sell it right now? Even if you’re not ready to sell at this moment, knowing this number is very important for a few reasons: Planning: We know that most business owners work with financial planners and ac ...
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Business For Sale By Owner

Business Business For Sale Business Information For Sellers General Business Sell a Business

Posted by Tony Samples on

With all of the online options at our fingertips these days, it is easier than ever to sell things. You can sell everything from a couch, to a car, to a house just by listing them online. In these days of the FSBO (For Sale By Owner) posts, wouldn’t it just be easier to try to sell your business t ...
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Should I Tell My Employees I’m Selling?

Business Business For Sale Business Information For Sellers Sell a Business Valuation

Posted by Tony Samples on

The short answer: no. We have sellers all the time who ask us this and our answer is always the same: it’s a bad idea. Even if your team is small in number and a very tight knit group, we still recommend that you don’t take them along with you on the ride of selling a business. There are a few l ...
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Congruence

Business Business For Sale For Sellers General Business Sell a Business

Posted by Tony Samples on

Congruence explains how things correspond or agree with each other and it has EVERYTHING to do with selling your business. Many buyers mystery visit your business before they make an offer on it. They want to see how your website, collateral materials, products, and staff interact with them as a ...
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