Selling your business: the right price at the right time (part 2 of 2) - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business

Does it make personal financial sense for you to sell your business?

Previously we outlined emotional and mechanical issues, which need to be addressed before a sale. We also touched briefly on the importance of your financial security, on which we will elaborate below, then finally tie it all together with a case study.

To alleviate the risks associated with your own financial security and assist in your hold/sell decision, an in-depth personal cash flow pro forma analysis is a necessity. Your customized model will outline the sale, integrating and overlaying the deal structure(s) with your personal financial affairs, to gain the best understanding of your financial future. Additionally, organizing your financial information (i.e., assets, liabilities, expenses, investments, etc.) is paramount to understanding your personal financial affairs and simplifying them. This may have been neglected for some time in deference to the business; however, post-sale, your personal financial affairs will become your business."

Read more at:
Selling your business: the right price at the right time (part 2 of 2) - Cleveland Business News - Northeast Ohio and Cleveland - Crain's Cleveland Business:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.