Talk to us. What would you like to see in our monthly curated resources? Do you have a pressing question about any of the many steps in selling a business? Click here to let us know.
To kick off November's resources for business owners, let's talk valuation. These posts, podcasts and videos either focus on valuation specifically or include information on valuation in light of the larger topic, be that ESOPs, exit strategy or what have you.
1. Small Business Valuations: What You Need to Know
This post from Wells Fargo Works is a basic overview of valuation for small business. It offers advice into when to value your business (it's never too early), why regular valuations can be both helpful and affordable, and what makes a valuation expert worth working with.
2. Video: Panel Discussion | Business Value and Exit Strategy
This 45-minute panel discussion features four business owners with different areas of expertise fielding questions about valuation, exiting your business and what buyers want to see in a potential investment.
3. Podcast: How to Sell A Business | Day 1 of our 44-Day Challenge
The Welstand Group highlights major takeaways from Doug Robbins' book, 'There's Always a Way to Sell Your Business.' These include the importance of confidentiality, what bankers want when financing a business transition and your transition team.
This is one of 44 days of book reviews on this podcast, many of which we will likely highlight here. If you'd like to do you own exploration, the full list of 44 episodes begins here.
4. Podcast: Tax Advantages of an ESOP Exit Strategy
We've seen a lot of interest in employee stock ownership plans, or ESOPs. This episode from Solidity's Life After Business podcast features ESOP expert Dan Zugell from Business Transition Advisors. During the course of this hour-long conversation, Dan covers what an ESOP is and isn't, the role of the trustee, how valuation works, unique circumstances, surprising tax law and more.
5. Video: What You Need to Know About Exiting Your Business
This 15-minute video from the Alaska Small Business Development Center presents several different options owners have for exiting their business, then walks through the process of selling a business step by step. The presentation includes practical tips for owners to keep in mind as they consider what they want their exit to look like.
What does your business have the potential to accomplish?