What is a Business Broker by John M. Byrne, CPA/ABV
A business broker acts as a middleman, for either a buyer or seller. Business brokers perform many functions depending on the needs of the specific buyer and seller. Certain brokers only act on behalf of buyers and vice-versa, some act only on behalf of sellers. In my opinion. the best business brokers have a deep […]
Can You Sell Your Business Without Using a Broker? by John M. Byrne, CPA/ABV
Can you sell your business without using a broker? Of course! Is it a good choice? That depends. Let’s explore what’s involved. There is an art to selling a business but basically you have two choices. The first choice, is the shotgun approach, that is, blast the financial metrics to the world in an anonymous […]
Three Ways to Increase Business Value by John M. Byrne, CPA/ABV
You’ve worked hard to build your business and now it’s time to let go. You’ve heard anecdotally that your business should sell between 1.5 to 2.0 times revenues. You start getting excited about enjoying retirement. The first offers come in much lower than expected…………………at only 1.00 times revenues!! How could that be? This blog shows […]
Maximize Value by Reducing Risk by John M. Byrne, CPA/ABV
In its most simplistic form, value is a function of risk and cash flows. Higher risk factors translate into lower enterprise value. Therefore, you are able to maximize value by reducing risk. This article will look at three critical risk factors that could have a significant effect on the value of your business. Key-Man Risk. […]
IS YOUR BUSINESS READY FOR SALE? by John M. Byrne, CPA/ABV
You’ve heard the line, “When the time is right, will you be ready?” As a business owner, maximizing the sales price of your company may be the most important process that you undertake. It will probably represent the bulk of your retirement nest egg and provide you with the means for a secure retirement. This […]
Benchmarking and Business Value by John M. Byrne, CPA/ABV
How do you know if your business is operating optimally? A comparison of budget to actual results can provide insight. A comparison to the prior year or prior month can also tell a story. Let’s take it one step further and compare your company to your industry peers. Welcome to Benchmarking and Business Value! The […]