Are you considering selling your business and want to ensure you get the best possible price? In this video, Mitesh Patel, principal and partner at Blue Sky Law, shares invaluable tips on how to maximize the value of your company before a sale. Mitesh emphasizes the importance of obtaining a professional valuation to establish a baseline for your company's worth.
This video features Mitesh Patel, principal and partner at Blue Sky Law, offering essential tips for maximizing value when selling your company by leveraging the expertise of business brokers or investment bankers. Mitesh emphasizes that these specialists streamline the sale process, provide access to broader networks of potential buyers, and help secure the best possible price for your business.
This video features Mitesh Patel, principal and partner at Blue Sky Law, sharing an unconventional yet crucial strategy for business owners looking to maximize company value during a sale: “firing yourself” as CEO. He explains that if a business can’t operate without the owner’s constant presence, achieving top dollar in a sale becomes difficult. The video offers practical steps to gradually remove the owner from daily operations.
Selling your business can be a time-consuming and overwhelming process. In this video, Mitesh Patel explains why it's crucial for CEOs to delegate responsibilities during a business sale to ensure the company continues to run smoothly. As the CEO, your focus should remain on keeping the company performing at its best—ideally, even improving—during the sales process. Bringing in a dedicated team member to handle information and support the sale process can make all the difference.
In this insightful webinar, Mitesh Patel from Blue Sky Law, along with business valuation expert David Hern, guides business owners through the complex process of planning and executing a successful exit. Whether you’re thinking of selling now or in the future, this webinar offers valuable, actionable advice on how to maximize the value of your business when it’s time to exit.
Planning your business exit is a big step that requires careful consideration and expert guidance. In this webinar, we dive into the essential elements of a successful business exit, including succession planning, exit strategies, and mergers & acquisitions. Business owners often face the challenge of transitioning from running their business to stepping away, and this process is vastly different from any other stage of entrepreneurship.
Did you know most business owners don’t know the market value of their company? Whether you’re considering selling or just planning ahead, understanding your business’s worth is crucial. Many owners have wildly different ideas about their company’s value, especially when there are multiple equity owners involved.
In Step 1: Planning, Mitesh dives deep into what goes into preparing to sell your business. This crucial step involves working with wealth managers to assess your financial needs, lifestyle, and life expectancy to determine how much you’ll need post-sale.
In this video, Mitesh Patel, founder of Blue Sky Law, walks you through the seven steps of the mergers and acquisitions (M&A) process for sellers. Whether you're considering selling your business or just want to understand the process, this video provides a clear overview of what to expect.
In this video, Mitesh Patel, founder of Blue Sky Law, walks you through the second step of selling your business: the dating and matchmaking phase. This is the stage where you’ll "package up" your company, making it look its best for potential buyers. Mitesh explains why this step is crucial and not something to be taken lightly.
In this video, Mitesh Patel, founder of Blue Sky Law, walks you through the third step of the seven-step process for selling your business: getting an offer. After the dating and matchmaking phase where you’ve put your company out into the market, the next big milestone is receiving an offer from a potential buyer.
In this video, Mitesh Patel, founder of Blue Sky Law, dives into the fourth step of the seven-step process for selling your business: due diligence. After successfully negotiating an offer in Step 3, you're now entering a critical phase where the buyer will conduct an in-depth review of your company.
In this video, Mitesh Patel, founder of Blue Sky Law, covers the fifth step in the seven-step process for selling your business: legal documents. After successfully negotiating an offer and completing the due diligence phase, the buyer is now ready to start drafting legal documents. These documents, typically ranging from 100 to 200 pages, will outline the terms of the sale and must be carefully reviewed and negotiated by your legal team.
In this video, Mitesh Patel, founder of Blue Sky Law, explains Step 6 of the seven-step process for selling your business: the closing. This step may seem anticlimactic after all the hard work, but it’s when the deal is officially finalized. During closing, the buyer and seller, along with their counsel, come together to exchange documents, sign agreements, and finalize the sale.
In this video, Mitesh Patel, founder of Blue Sky Law, wraps up the seven-step process for selling your business with Step 7: Post-Closing Integration. After successfully closing the sale, you, as the seller, now have money in your pocket, and the buyer takes over your business. This final step is all about ensuring a smooth transition and integrating the new owner into the company. It’s where all your hard work comes to fruition as the new owner learns the business and sets off toward success.
