Letters Of Intent
A SuccessionMatching Blog
![The Smart Choice: Why Buying a Business Triumphs Over Starting From Scratch](https://insights.successionmatching.com/wp-content/uploads/2023/08/mina-rad-qFSQFSmfZkA-unsplash-1080x675.jpg)
The Smart Choice: Why Buying a Business Triumphs Over Starting From Scratch
The allure of entrepreneurship is undeniable. The prospect of creating something from scratch, watching it flourish, and enjoying the fruits of your labor is a dream that many individuals share. However, there's a road less traveled in the world of business ownership...
![Transforming Your Business for a Successful Sale: The Power of Physical Staging](https://insights.successionmatching.com/wp-content/uploads/2023/07/alev-takil-fYyYz38bUkQ-unsplash-1080x675.jpg)
Transforming Your Business for a Successful Sale: The Power of Physical Staging
Selling a business is an intricate process that requires careful preparation and attention to detail. Just like selling a house, staging plays a crucial role in attracting potential buyers and ensuring a successful sale. By investing time and effort into the physical...
![Selling Your Business with Confidence: Essential Steps for a Successful Transition](https://insights.successionmatching.com/wp-content/uploads/2023/06/krakenimages-376KN_ISplE-unsplash.jpg)
Selling Your Business with Confidence: Essential Steps for a Successful Transition
Selling your business is a complex endeavour, so a seamless process is crucial for achieving a successful outcome. This guide is designed to assist business owners in navigating the intricate process of selling a business with confidence and achieving optimal results....
![The Power of Two Simple Words: “Please Explain”](https://insights.successionmatching.com/wp-content/uploads/2023/05/Blog-Post-Featured-Photo-1-1080x628.png)
The Power of Two Simple Words: “Please Explain”
Clear communication is vital in any exchange of information, and this holds true for buying or selling a business. While technology has made it easier to convey directions or information, there are times when old-fashioned communication becomes necessary. In such...
![Is Incorporating Worth it?](https://insights.successionmatching.com/wp-content/uploads/2023/04/linkedin-sales-solutions-Jk3u514GJes-unsplash-1080x675.jpg)
Is Incorporating Worth it?
As a business owner, one of the key decisions you'll need to make is how to structure your business. A common consideration is incorporation, which involves establishing a separate legal entity for your business. Some incorporate too soon, while others not at all. How...
![5 Ways You Can Profit from a Succession Plan](https://insights.successionmatching.com/wp-content/uploads/2023/03/jeshoots-com-LtNvQHdKkmw-unsplash-1080x675.jpg)
5 Ways You Can Profit from a Succession Plan
Starting a succession plan early has many benefits, but it is tempting to push succession planning off until later. If you need the motivation, it can help to view a succession plan as a profitable business investment. Here are five ways that starting your succession...
![Benefits of Having DCF (Discounted Cash Flow) and How SXNM Can Help](https://insights.successionmatching.com/wp-content/uploads/2023/02/Untitled-design-3-1080x675.png)
Benefits of Having DCF (Discounted Cash Flow) and How SXNM Can Help
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
![Finding Financing](https://insights.successionmatching.com/wp-content/uploads/2022/11/Untitled-design-3-1080x675.png)
Finding Financing
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
![Formal Succession Planning is a necessity that isn’t going away](https://insights.successionmatching.com/wp-content/uploads/2022/09/iStock-1206860805-e1652655213869-1-1080x675.jpg)
Formal Succession Planning is a necessity that isn’t going away
Creating a succession plan is extremely important and can provide many benefits to you and your business. Unfortunately, many business owners neglect to create a succession plan for when they leave their business until it’s crunch time — right before they choose to leave or (in unfortunate circumstances) are forced to leave.
![Emotional Readiness to Sell](https://insights.successionmatching.com/wp-content/uploads/2022/06/aa-1080x675.png)
Emotional Readiness to Sell
Getting a business ready to sell naturally consists of many moving pieces. What many business owners neglect to recognize in the transition process is that there is a very large emotional component. For some, their business wasn’t just their livelihood -...