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 …
5 Things Every Business Needs To Sell At Full Price
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 …
How Much Is Your Business Worth?
Business Valuation… The question of the century is, how much is my business worth? I talk to 10 to 15 business owners every week. What’s interesting is that if you ask them how much their business is worth, the variations in answers are extreme. In the past few weeks these are some of the answers I got. Two times gross …
How To Sell A Company When No One Wants To Buy It
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 …