Below you'll find a list of all posts that have been categorized as “Wealth Building”
If you’re thinking about selling your business anytime soon, read this. Effective June 1st, 2025, getting an SBA-backed loan just got a lot harder for 99% of buyers. The SBA just changed its underwriting procedures, making it very hard for buyers to get a loan to buy you out. The biggest mistake you can make as a seller is to …
The costliest mistake you can make when considering selling your business is talking to a business broker. Don’t get me wrong, there are some outstanding business brokers out there, especially if you’re an absentee owner with annual profits of over $2 million. But, unless you fit into that category, there are some things you need to be aware of before …
What does your business need to sell at a high exit price? If you’ve read anything I’ve written or heard me speak, you know I don’t agree 100% with Dave Ramsey because savvy investors use leverage to build wealth. Without leverage, what could take 5 years can take 25 years. Yesterday, a business partner and I were on a Zoom …
If you’re trying to sell your business and have had no reasonable offers, you could be in for a rude awakening without the right exit plan. The stats don’t lie. Most businesses never sell. They close their doors not because the business doesn’t make money, but because there aren’t any buyers. They close because… A business broker told them they …
