Selling your small business? Here are six ways to get the best price

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Selling your small business? Here are six ways to get the best price GlobeSmallBiz

There are many external factors business owners can’t control, such as the general economic or industry environment. However, we at CAI have found there exists a set of critical considerations owners should keep in mind when seeking to increase the value of their business – whether they’re looking to sell soon or not.In order to generate $5-million in cash flow, a company either needs $500-million of revenue at a 1-per-cent margin, or just $33 million at a 15-per-cent margin.

It’s also risky to operate a business this way because the world changes quickly. If a recession hits tomorrow, your rock-solid retail deal could start to feel pretty shaky. It’s important to keep your customer base diversified.This is your basic organic growth.

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