{"id":2182,"date":"2021-01-13T09:19:17","date_gmt":"2021-01-13T14:19:17","guid":{"rendered":"https:\/\/www.sunbeltnetwork.com\/dayton-oh\/?p=2182"},"modified":"2022-06-30T15:41:47","modified_gmt":"2022-06-30T15:41:47","slug":"time-to-set-new-years-resolutions-for-your-business","status":"publish","type":"post","link":"https:\/\/www.sunbeltnetwork.com\/dayton-oh\/time-to-set-new-years-resolutions-for-your-business\/","title":{"rendered":"Time to Set New Year\u2019s Resolutions to Increase the Value of Your Business"},"content":{"rendered":"

We want to wish you a Happy New Year and hope that you were able to enjoy the holidays even if they looked a little different than last year.<\/h3>\n

As we begin a new year, we look ahead and also reflect on the past year.\u00a0 Many business owners are ready to put 2020 behind them.\u00a0 While some businesses soared last year due to the industries they served, it was a devastating year for others due to shutdowns, work force issues, and customer slowdowns.\u00a0 Whether your business soared, slowed down, or continued to plug along at the same pace as last year, there are things you can start doing today to make 2021 as successful as possible.<\/p>\n

Moving into 2021, business owners can continue building the value of their businesses in order to successfully transition ownership whether they want the transition to take place this year or in the coming years.\u00a0 A transition to an employee, the next generation, or a 3rd<\/sup> party, will all need to have a similar foundation: clean financials, strong management, and a strong business plan.<\/p>\n

With the SBA moving to a 90% guarantee for loans, there will be an increase in buyer demand in 2021. This will cause buyers to be more critical in assessing the businesses they are interested in. \u00a0In order for you to successfully sell your business for the highest value, consider doing the following:<\/p>\n