The Right Time to Sell

If you’re wondering when is the right time to sell your business, you may want to wait until your company is generating $1 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). What’s so special about the million-dollar mark? The million-dollar mark is a tipping point at which...

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The Hidden Goal of The Smartest Business Owners

What are your business goals for the year? If you’re like most owners, you have a profit goal you want to hit. You may also have a top line revenue number that’s important to you. While those goals are important, there is another objective that may have an even bigger payoff: building a sellable business. But what if...

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9 Warning Signs You’re a Hub-and-Spoke Owner

If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your business, like a hub in a bicycle wheel? As anyone who has tried to fly United when O’Hare has been...

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10 Things That Make Your Business More Valuable

The value of your company is partly determined by your industry. For example, cloud-based software companies are generally worth a lot more than printing companies these days. However, when we analyze businesses in the same industry, we still see major variations in valuation. So we dug through the data and we found 10...

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America’s Best Burger is in Santa Barbara!

Consumer Reports has awarded The Habit Burger Chain as the Best Tasting Burger in America, beating out competitors like In-N-Out Burger and Five Guys.  Habit Burger was established in 1969 in Santa Barbara. After becoming well known for its signature Charburger, it began to expand in California. When private equity...

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5 Little Changes That Make a Big Difference

Here is a list of five little details to get right before you put your business on the market: 1.  Find your lease. If you rent space, you will be required to notify your landlord in order to sell your company, and assign your lease obligations to the buyer. Read through the fine print and ensure you’re not scrambling...

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