The thought of selling your business on the open market can be intimidating and confusing. A business transfer is far more complex than say selling your house or other tangible asset. While no two transactions are exactly the same, Murphy has developed a proven, repeatable process to help ...
Posted by By Richard Parker – Diomo Corporation on
Prospective business buyers often make the terrible mistake of being overzealous when talking with a seller for the first time. I get it; you’re excited. Perhaps you have spent a ton of time looking at listings and do not want to waste any time on potential businesses that fail to meet your cr ...
Most business owners seek a valuation for their company when there’s an immediate need — they’re ready to sell or raise capital now, or they have a shareholder that is being bought out or gifting equity to family.
But valuations can be useful whether a deal is imminent or not. We ...
Posted by Murphy Business & Financial Corporation LLC on
We’ve all heard the old adage that “Cash is King”. Well, that may be true, but if you’re treating your business like and ATM and bleeding cash from sales, you are cheating yourself in the long run.
I’ve never met a small business owner who believes that there are not e ...
It probably goes without saying that selling a business can be an emotional experience. Very few owners can completely distance themselves from their business . . . after all, this is their baby. Unfortunately, this sometimes leads to irrational decisions that can hinder or block the suc ...
Posted by Murphy Business & Financial Corporation LLC on
If I sell the business now, will I get enough money to satisfy my needs?
Will I really improve my personal financial position, or should I wait a little bit longer?
Define priorities: Do I want an all-cash deal, so that I can wash my hands and be done with the business? (This will generally resu ...
I recently had a prospective client here in the Richmond area who contacted me about selling his business . . . let’s call him Jim. I met with Jim and his lovely wife Sally to learn about their business and their goals.
Jim and Sally were both in their 60’s and had retired from very suc ...
