Future Ahead
The fact that you are here means you are a planner. Knowing how much your retirement will cost you is important. If you don’t know your retirement number, how do you know if selling your business will get you to where you need to be?
Once you know your retirement number, you now need to know what your business is actually worth – not what you think or feel it is worth. The gap between your retirement number and business value requires a plan for how you’ll make up the difference.
Journey Begins
Asking, “What is my business worth?” is the first step in progressing towards a strong retirement after business. The biggest opportunity for business owners is planning and implementing value-add changes to your business that will make it more valuable to the business buyer.
Too often owners can get stuck in the daily grind and have the mentality of “I’ll deal with it when I am ready to sell”. Planning in advance could mean the difference between a 2x multiple and a 5x multiple, which means implementing value-adds may be the most profitable use of your time.
By the Numbers
Did you know that there’s 1 thing that’s 100% certain for business owners? If you guessed taxes, you’d be wrong! 100% of all owners exit their business, whether they want to or not, through transfer, closure, or death.
On average businesses hold roughly 80% of a business owners’ net-worth and 80% of businesses Never sell (80% rule)! Of those that sell their business only 8% report that they are happy with the conditions of the sale. This means that you’ve got a 1.6% chance that you'll be a happy seller of your business.
Free Business Valuation
Know what your business is worth - find out how below
The 3 Levers of BizRetirement
You can pull any number of levers; two require time.
Cheaper Retirement
You'll have to forego living high on the hog and settle with "just getting by" because you can't afford your dream. Cut down those expenses!
Work Longer
Short on your retirement goal? Just work longer! You've been trading time for money for decades, why not do it a little longer? Push back retirement!
Business Value
You realize your business is only worth what someone will pay for it. You decide to make your business look like an investment, not a job.
Why BizRetire?
Simply put BizRetire noticed there was a need in the business for sale by owner space. We noticed that a majority of the services in the small business space only helped businesses that are over $2 million in revenue or greater; this includes Business Brokers. The problem is that roughly 97% of all small businesses fall under this metric, which might explain why only 20% of businesses ever sell.
Competitor platforms have 250,000+ Free buyers, which sounds nice, until an owner receives a wave of unqualified, "100% seller financing", buyer emails. Other platforms want to charge a commission, or have sensitive information publicly available.
We knew we had to do better, that's why we have 3 services:
1. Business For Sale by Owner listing platform, get a FREE Account and a FREE Business Valuation when you sign-up.
2. FREE Expert Referral network, where we connect owners with experts. Create an account and reply to the welcome email to learn more.
No Commissions
Commissions have been used in the industry historically because Business Brokers only sell 1/5 businesses they list, on average. In order to compensate for unpaid time they make business owners pay the "failure tax" through commission. We at BizRetire don't think that's fair, and think you're more capable of finding a right fit for your company over a broker.
No Middleman
50-70% of a business brokers time is spent screening buyers - which means that's what you're paying for. BizRetire charges buyers to send you their contact info which means they've got skin in the game. Besides, we're confident that you'll do a better job selecting the most competent person for your connections and community over a business broker! Also... it's just faster to talk directly to the buyer, we know you're a go-getter that will like that too!
Security
Most platforms list your information publicly. With enough research anyone can find out that you're selling your business. In addition to hosting with a super secure webhosting service, we also protect the privacy of your listing behind a buyer account creation process.
Family-Style Support
We're a small business like you. We get it, and we care. Expect a different kind of service and treatment with us.