Insights

Practical advice for business owners

Straight answers to the questions owners ask before they sell: what the business is worth, when to sell, how to prepare and what to watch for in an offer. Most are written for owners who aren’t ready to sell yet.

All articles

Planning ahead5 min read

Not Ready to Sell? Why a Conversation Now Can Still Help

Most owners think about selling for years before they act. An early, confidential conversation gives you time to make better decisions.

Valuation5 min read

What Is Your Business Worth, Even If You’re Not Selling?

Knowing roughly what your business is worth helps with planning long before a sale. Here’s how buyers arrive at a number, and why it comes as a range.

Planning ahead5 min read

Should You Sell Now or Wait Three Years?

Waiting can add value, but it also adds risk. A practical way to weigh the two, and the options that sit in between.

Preparing to sell5 min read

Would Your Business Run Without You?

Buyers pay for what a business earns after the owner steps back. Here’s how to see where your business depends on you, and what to do about it.

Preparing to sell5 min read

How to Prepare Your Business for Sale Over the Next 12 to 24 Months

A practical timeline for owners who expect to sell in the next year or two, from getting an honest starting point to the months just before going to market.

The sale process5 min read

How to Explore a Sale Without Employees, Customers or Competitors Finding Out

No sale can be kept perfectly quiet, but a careful process makes a leak much less likely. Here’s how confidentiality works in practice.

The sale process5 min read

What Happens in a First Conversation With an M&A Advisor

What you’ll be asked, what to bring, what you should leave with and the questions worth asking in return. No preparation or commitment required.

The sale process5 min read

A Buyer Has Approached You About Your Business. What Now?

An unsolicited offer can be flattering and unsettling at once. How to respond without closing the door or giving away more than you should.

Planning ahead5 min read

Can You Sell Part of Your Business and Stay Involved?

Selling doesn’t have to mean handing over the keys and leaving. Here are the main ways to sell part of a business, and the trade-offs that come with each.

Valuation5 min read

SDE or EBITDA: How Buyers Measure What Your Business Earns

Buyers don’t value your business on the profit in your tax return. Here’s how they rebuild your earnings, and why the measure they choose matters.

Offers & deal terms5 min read

Comparing Offers: Why the Highest Price Isn’t Always the Best Deal

Two offers at the same price can leave you in very different places. Here’s how to read the terms around the number before you choose.

Offers & deal terms4 min read

Seller Financing: How a Vendor Take-Back Works and What to Watch For

Lending part of the price to your buyer can help a deal close. Here’s how a vendor take-back works and how to protect yourself if you agree to one.

The sale process4 min read

What to Expect When a Buyer Starts Due Diligence

After you accept an offer, the buyer checks everything they’ve been told. Here’s what they look at, how it runs and how to keep the deal on track.

General information for business owners and buyers, not financial, legal or tax advice. Examples in these articles are hypothetical.

Confidential conversation

Have a question about your own business?

Articles explain the general picture. A confidential conversation applies it to your situation. There’s no obligation, and you don’t need to be ready to sell.