Baby Boom-treneurs (business owners) may know how to operate successful businesses, but most don't know how to prepare their business for an eventual sale. Now, busy Boom-treneurs can quickly learn the secrets to increasing the values and salabilty of their businesses.
(PRWEB) October 23, 2004 -- Question: What do all Baby Boomers have in common?
Answer: We are all closer to retirement than we were 5 or 10 years ago. The significance of this fact means that we should be getting a different type of business advice than we were getting 5 or 10 years ago. Just as our bodies are different--so are our businesses.
The fact is that most CPAs are so busy with compliance and tax work, that they fail to provide Baby Boom-treneurs with needed information. For any business owner who is 48 or older--a different type of business advice and planning are necessary. Some need succession planning (how to transfer the business to the next generation of family members or younger management members). Yet, a greater number of business owners have no next generation to whom the business can be transferred. These business owners must learn how to increase the values of their businesses. More importantly, they must learn HOW to make their businesses salable!
When should a business owner begin to prepare a business for sale? The right answer is, "The very day they bought or started the business!" In reality, hardly anyone has followed that advice. So, when IS the best time to begin getting your business ready for sale? Right now. Getting a business ready for sale is a process that takes some time. You can't do it the week before advertising the business for sale.
A new book, "Your Business IS Your Goldmine!" is full of practical tips and advice to help busy Boom-treneurs begin preparing their businesses for an eventual sale. The author, Grover Rutter CPA/ABV, CVA, BVAL uses down to earth "straight talk" that readers will grasp and enjoy.
The book can be downloaded for under $13 at www.Lulu.com/businessadvisor or can be purchased through Amazon.com and Barnes & Noble.com. Refer to ISBN 1-4116-1118-7. Questions may also be directed to G. Rutter at gruttercpa@aol.com
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