businessbuilders

Why Exit Planning Matters Far too often, owners wait until they're ready to walk away before thinking about the steps required to exit successfully. That's where exit planning comes in. Exit planning is the strategic process of preparing your business—financially, operationally, and emotionally—for a future sale. It's not just about putting a "for sale" sign on the door; it's about ensuring your business is in the best possible shape to attract the right buyer and command top dollar.

  Q2 was a busy quarter for us. June was probably the busiest month so far this year for inbound calls from business owners interested in exploring the process of selling their businesses . One trend we've seen is that baby boomers have had to continue operating their businesses longer than expected. Many of them would have liked to sell their businesses, but due to the pandemic, increased labor costs, and rising inflation, they continued working. Unfortunately, this has led to burnout, which has led to declining revenue and profit. Declining revenue and profit reduces companies' value. The good news is that the market is moving in the right direction. According to BizBuySell's latest Insight Report , small business transactions have increased 5% over the past year and 3% from the previous quarter, with 2,448 businesses sold. This surge has brought the total enterprise value to an impressive $1.9 billion, a 20% increase from last year. In the Greater Sacramento area, the st...