Hank Bockus, CVA’s Post

In my opinion there are only two types of small business owners. The two categories are: those who prioritize the future trajectory of their business and those who do not. Blunt! This underscores the importance of assessing a company's forward-looking prospects when I conduct an appraisal. Sellers who demonstrate a vested interest in the future of their business typically possess robust growth strategies, sustainable revenue streams, and effective risk management practices, all of which contribute positively to the company's valuation. Conversely, sellers who exhibit less concern for the business's future may have operational inefficiencies, uncertain market positioning, or inadequate succession planning, potentially impacting the valuation negatively. Unfortunately, most of the time – this business owner has no idea the long-term implications of their actions. In conducting an appraisal, it is imperative to consider not only historical performance but also the seller's commitment to fostering long-term value creation within the business. What you don't know can be costly – we help eradicate uncertainty. You are not alone. To talk to me about buying, selling, business valuations, and QuickBooks help in Oklahoma – visit our website: https://lnkd.in/g9fPAu66

All businesses are screwed up – even the ones that appear to be "getting it right". The difference is the ones getting it right are not doing 10 things 100% better than you, they are doing 100 things 1% better than you. The difference is not able to be noticed by the naked eye, it requires a microscope. Everyone has a fear of imposter syndrome. We dwell on the things that we get wrong, I am in that camp. You don't have to fix every problem, but you do need to focus on the 1-3 things that are critical issue and resolve them with a deadline. I guarantee every business owner knows the 3 things they need to improve today if given a shot of truth serum. What you don't know can be costly – we help eradicate uncertainty. You are not alone. We can help sell your business in the shortest amount of time with the most value. To talk to me about buying, selling, business valuations, and QuickBooks help in Oklahoma – visit my website: https://lnkd.in/gSUiV2pd  

As a business broker, I try to find the balance between perfection and efficiency in business operations. The adage "make every detail perfect but limit the number of details to perfect" emphasizes the importance of meticulous attention to critical aspects of a business while avoiding unnecessary complexities. K.I.S.S. – always a good reminder in my business, too. I found that my success has come from doing common things uncommonly well. Its nothing more than that – no A.I. can fix. What you don't know can be costly – we help eradicate uncertainty. You are not alone. To talk to me about buying, selling, business valuations, and QuickBooks help in Oklahoma – visit our website: https://lnkd.in/gSUiV2pd #jackdorsey #efficiency #simple

When you work with the Alloy Silverstein Group, you’ll be in capable hands for one-stop convenience that focuses on the entirety of your business’s success. As a business owner, your clients are your number one priority. The Alloy Silverstein Group approach is forming relationships with our clients, so you can be assured that you’ll be communicated with frequently and on a personal level. Learn more about the Alloy Silverstein’s Group’s solutions for business owners today on our website below. #AlloySilverstein #AlloySilversteinGroup #business #businesssolutions #businesssuccess #client #businessowner #smallbusiness

When you work with the Alloy Silverstein Group, you’ll be in capable hands for one-stop convenience that focuses on the entirety of your business’s success. As a business owner, your clients are your number one priority. The Alloy Silverstein Group approach is forming relationships with our clients, so you can be assured that you’ll be communicated with frequently and on a personal level. Learn more about the Alloy Silverstein’s Group’s solutions for business owners today on our website below. #AlloySilverstein #AlloySilversteinGroup #business #businesssolutions #businesssuccess #client #businessowner #smallbusiness

If you’re a business owner, you’ll want to know these three things! Check out our top three tips for small business owners we wish they knew. #smallbusinessowner #smallbusinessbroker #exitplanning #retirementplanning https://lnkd.in/gTbsyPYf

“I’m done with my business.” “This is it. I’m moving on.” “2024 is the last year I’m spending in my business.” Does this sound like the voice in your head lately? Then now is the time for you to do the work. If you start now, you can prepare your business for a 2024 sale and move into the next chapter of your life with a maximized payout. Here’s what you need to do if you’re planning to sell your business in 2024: 1. Close your 2023 books well Don't look at your year-end closing as just a financial routine your accountant handles. Think strategically. It's not just about minimizing taxes. It's about showing how much money your business can make, and how it makes it. Close your books with detail and precision this year. Your financials tell the narrative of your business story, and potential buyers will be reading that story with interest. 2. Incentivize your top talent You may want to bring your leadership team into your confidence when you begin the sale process, and an NDA may be in order. Check with your lawyer, but an NDA is often accompanied by consideration. Consider making this year's performance bonus a little bit larger than usual and use that "extra" as consideration for the NDA you're looking for. 3. Take a strong look at your balance sheet Treat your balance sheet like it’s under scrutiny by a top accounting firm. That's the level of seriousness we're talking about. Don't guess, book accruals with backup. When you sell, your business will undergo meticulous examination by knowledgeable professionals, so you need to prepare accordingly. 4. Say nothing This is quite possibly the hardest part. When you're planning to reshape your future, keeping mum is challenging, but business sales require absolute confidentiality. Only discuss information with key individuals when it becomes essential, and once suitable NDAs are in place. Prepare accordingly, and 2024 can become a pivotal moment in your story. Allow yourself to move on from your business with grace before you burn out or feel rushed to take desperate action. Selling your business is often the best exit strategy to secure your financial future and receive a payout that reflects the years of hard work and dedication you’ve invested. If you’re serious about taking the next steps, schedule a free and confidential discovery call with me. Let’s figure out the roadmap to your sale. Book your call using the link below. https://lnkd.in/eJqSafyt

When you work with the Alloy Silverstein Group, you’ll be in capable hands for one-stop convenience that focuses on the entirety of your business’s success. As a business owner, your clients are your number one priority. The Alloy Silverstein Group approach is forming relationships with our clients, so you can be assured that you’ll be communicated with frequently and on a personal level. Learn more about the Alloy Silverstein’s Group’s solutions for business owners today on our website below. #AlloySilverstein #AlloySilversteinGroup #business #businesssolutions #businesssuccess #client #businessowner #smallbusiness

When you work with the Alloy Silverstein Group, you’ll be in capable hands for one-stop convenience that focuses on the entirety of your business’s success. As a business owner, your clients are your number one priority. The Alloy Silverstein Group approach is forming relationships with our clients, so you can be assured that you’ll be communicated with frequently and on a personal level. Learn more about the Alloy Silverstein’s Group’s solutions for business owners today on our website below. #AlloySilverstein #AlloySilversteinGroup #business #businesssolutions #businesssuccess #client #businessowner #smallbusiness

When you work with the Alloy Silverstein Group, you’ll be in capable hands for one-stop convenience that focuses on the entirety of your business’s success. As a business owner, your clients are your number one priority. The Alloy Silverstein Group approach is forming relationships with our clients, so you can be assured that you’ll be communicated with frequently and on a personal level. Learn more about the Alloy Silverstein’s Group’s solutions for business owners today on our website below. #AlloySilverstein #AlloySilversteinGroup #business #businesssolutions #businesssuccess #client #businessowner #smallbusiness