Ready For Change

By Guy Breading

Are you a business owner and Ready For Change ?
Are you looking for a way out, so that you can begin to relax a little?
Do you have a business you’re thinking of selling?
Do you need some help in achieving your goal?
For many business people, the step of selling the thing you built from scratch and poured so much of your time and effort into, is one of the most difficult you can take.
But the reality is that many business owners will have to take it one day, for a variety of reasons, and this is where Ready for Change can help you. This amazing book looks at all aspects of selling your business, from the day you make the decision, to the day you hand over the keys.
With in-depth and well-informed chapters, you can begin to answer all the important questions, such as:
•Are you ready
•Is your business ready
•How do you know when it’s time to sell
•The ways you can exit your business
•Getting the financial side in order
•Valuing the business
•Where to find the buyers
•And much more...
Selling your business can be a huge move. But with the right help and advice it can work smoothly and efficiently.
Ready for Change provides you with that helping hand in those tentative first moves. Get your copy today and start preparing your business for the buyer of tomorrow!

• Language: English
• Publisher: Guy Breading
• Release date: Apr 1, 2017
• ISBN: 9781370090266

Book preview

Copyright © 2017 by Guy Breading

All rights reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in a book review.

The author has made every effort to ensure the accuracy of the information within this book was correct at time of publication. The author does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from accident, negligence, or any other cause.

Do you have a business you’re thinking of selling?

Are you looking for a way out, so that you can begin to relax a little?

Do you need some help to achieve your goal?

For many business people, the step of selling the thing you built from scratch and poured so much of your time and effort into, is one of the most difficult you can take.

But the reality is that many business owners will have to take it one day, for a variety of reasons, and this is where Ready for Change can help you. This amazing book looks at all aspects of selling your business, from the day you make the decision, to the day you hand over the keys.

With in-depth and well-informed chapters, you can begin to answer all the important questions, such as:

• Are you ready?

• Is your business ready?

• How do you know when it’s time to sell?

• The ways you can exit your business

• Getting the financial side in order

• Valuing the business

• Where can you find the buyers?

• And much more…

Selling your business can be a huge move. But with the right help and advice it can work smoothly and efficiently.

Ready for Change provides you with that helping hand in those tentative first moves. Get your copy today and start preparing your business for the buyer of tomorrow!

Table of Contents

1: Who is this book written for?

2: Are you a baby boomer?

3: Are you ready?

4: Is the business ready?

5: How do you know when it’s time to sell?

6: Every business has a value but it doesn’t necessarily mean it is sellable.

Staging - Limit concentrations of necessities

Staging - de-personalize the workspace

Staging - Show me the money!

Staging - Growth potential

Staging - Are YOU the business?

Staging - Where is the income coming from?

7: What are the ways you can exit your business?

Family member

Liquidation

Full exit no conditions

Employee buyout

Part Equity Sale

Strategic Acquisitions

Passive involvement continuing income

8: Backing out of the owner – really…yes really??

So, let’s summarize...

9: Financials need to be in order

Financial Statements

Seller’s Discretionary Earnings Statement

Supporting Information

Categories Allocation

Audited Accounts

10: What equipment do you really need?

Inventory

Equipment

Technology

11: Have you got customer or supplier diversity?

Customers Diversity

Supplier Diversity

12: Cashflow is King

Under Capitalized (not enough cash)

Over Capitalized (too much cash)

Over Expansion

Accounts Receivable

13: Do you have happy customers?

14: let employees be your most valuable asset

No 1. Organization Chart

No 2. Job Descriptions

No 3. Cut slackers

No 4. A happy employee is a valuable employee

15: Web Presence matters…how do you look online?

What information is required to list the business?

Will it be an asset or stock sale?

16: Valuing the business?

So firstly "how do we value a business?

So let’s run through in a little more detail where some of the add backs could come from.

17: Confidentiality

Teaser

18: Where do the buyers come from?

Corporate America

Corporate Acquisitions

Private Equity Firms

E2 Investor Visa

So, who can apply for an E-2 Investor Visa?

What is the application process like for an E-2 Investor Visa?

L1 Visa

EB5 Investor Visa

Who?

How much?

Troubled business….

Employment requirement...

Other areas for EB5 Investors...

19: Ways buyers fund the purchase

If they are an Investor Visa buyer

401k and the Corporate Career change buyer

Small Business Administration (SBA)

Earnout buyer

Good old owner finance

20: Capital Gains…. MINIMIZING the ouch!

21: Final Comments….

1: Who is this book written for?

An encouraging trend in modern business is to really identify who your customers are…. your avatar? If I was to picture an avatar as to who this book would be best directed to, it would be as follows;

"A business owner, 45-65, retirement funds mostly in the business. Confident of their abilities as they are a self-made person, own a business that has 5 - 50 employees with a revenue of $1 - $5,000,000. Going through a seasonal change personally, children may have left home or soon to be on their way. Those that are married or in a relationship are starting to think about the future and what lays ahead. Through