Selling a company requires intricate knowledge and experience. to not be that difficult both for the seller and the potential purchaser. Even so, lots of entrepreneur are struggling to sell their service. One of the typical questions sellers have is about the best way to sell their business for the profit without leaving money on the table.
Another question Tyler Tysdal hears is “What’s the best way to get a company ready to sell?” He explains that they need to get their business in order before they even choose to sell it. Prospective buyers won’t want to move forward if details such as financials, or tax records aren’t available. Tyler advises to make sure an excellent accountant is preparing everything and have any SEC filings organized.
Robert Hirsch – How to Sell Your Business
Another part of the preparations to sell a business are having a detailed operations handbook. Anyone that wants to sell their business needs to make sure they have this updated. A buyer is going to want to know the challenges of operating the business. The goal is to let the purchasers see that the money your company creates will return after you do your tax.
The seller needs to make things as easy as possible for a potential new owner to understand. The operations manual should include job descriptions of the employees. Tyler says that putting this information into place is essential before going to a business appraiser.
Helping a buyer understand the financials, together with an operations handbook is a good start.
Call Tyler Tysdal For a Free Business Appraisal
Tyler Tysdal is offering free business appraisals and can assist entrepreneurs on the company value. As a leading business broker Freedom Factory will also put together a plan to take the company to market. They will find qualified buyers that are interested in the opportunity.
Lots of entrepreneur wish to avoid paying tax, but are all aware that tax evasion is prohibited. Wise entrepreneurs have ways of preventing paying excessive tax without breaking the law.
Freedom Factory has radically disrupted the way high-growth, lifestyle companies are bought and sold, which historically was a horribly inefficient market. When Robert Hirsch sold his first company in the 1990s, he went to several investment banks and sold his business to one of less than five companies they called. Looking back, he admits that he can see exactly how much money he left on the table and knew that there had to be a better way. The bottom line is that entrepreneurs don’t speak banker, and bankers sure don’t speak entrepreneur.
Do you want to sell your business? Contact Tyler Tysdal at Freedom Factory for more information.
Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258)
www.freedomfactory.com – Tyler Tysdal
