Silicon Valley Bank was a state-chartered commercial bank in Santa Clara, Calif. A run on the bank’s deposits caused i...
How to handle an unsolicited offer
You could be running your business for years with no thought of selling your business, and then you get a call out of th...
The art of selling your business
According to the Business Reference Guide, 80 percent of businesses put on the market do not sell (firms under $50 milli...
Creating a Successful Business Succession Plan
A good succession plan creates a blueprint for ownership transfer as you exit your business. It helps you prepare for yo...
Improve business value with the 4C’s
The coronavirus pandemic has triggered questions from business owners about how they can minimize the decline in company...
Growth potential
Potential acquirers use 10,001 Hours to perform valuations of their targets. More often than you might expect, the sel...
Make your business transferable
Transferabilty lends to sellability. Of course, no one is going to want to buy your business if it isn’t making money....
Customer Satisfaction
Private equity firms are active acquirers, and they love to look at the Net Promoter Score. It focuses around one questi...
Freezing and strategic planning
Business owners talk to each other. Especially business owners who are going through the same challenges – like sell...