Articles Showing articles related to: Chris Goebel, Owner Crossroads Advisers
How much is your business worth?
Many business owners plan to use the proceeds from a sale of their business to fund a significant portion of their retirement. Unfortunately, while most people know the approximate value of their 401(k) or other retirement account, as many as 80 percent of business owners don’t know what their businesses are actually worth on the...
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Sync your selling clocks
You’re probably familiar with the phrases “time is money” and “the clock is running.” Both are relevant in a potential sale of your family business. There are, in fact, three clocks that should be synchronized to garner the best sales price at the best time. In the Three Clock Methodology: • The business clock refers to...
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Selling your family business with Chris at Crossroads Advisers
The people who are interested in buying your family business are taking a risk. If they feel uncomfortable about their ability to operate profitably, the deal that you may be relying on to support you during retirement could fall apart. You can expect a seller to meticulously examine every detail of your financial records before agreeing to...
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When a suitor knocks at the door
When my family received an offer to buy our business—Lakefront Lines and Hopkins Airport Limousine Service—we were prepared to sell. Our financials were done correctly, we had a solid management team in place, and our internal systems and processes were well defined for a seamless transition. That preparation made our business...
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Retiring from your business: Crossroads Advisers helps you make the transition
Many business owners welcome the day when they can finally retire, but 83% have no transition plan. Sadly, 75% of business owners regret their decision after they sell their business within a year. That’s often because they didn’t plan for post-sale life as well as they could have. Generally, your business is ready to sell when...
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