Being a business owner means making financially responsible decisions based on ever-changing circumstances, both within the industry and your personal financial situation. Here at The Tenney Group, we work with transportation business owners who want or need to sell for a variety of reasons. Sometimes we meet sellers who think that selling their transportation business […]
Business
Understanding Price Allocation for Business Sales
For those considering buying or selling a business, price allocation is probably one of the most important concepts to understand. Unfortunately, this process, which involves affixing prices to the business’s assets, is one of the most complicated and sometimes contentious parts of the business sale. Buyers and sellers will often find themselves at odds when […]
Transferring Your Business to a Family Member
If you’re considering transferring a business like a medical transportation company to a family member, there are some considerations to address before you finalize your decision. For example, only about 30% of businesses survive the transfer to the second generation and only 15% to the third. If not done correctly, transferring your business to a […]
Why Your Company May Be Worth More Than You Think
Over the course of last few years, more than a few transportation business owners have watched the market value of their companies drop 10%, 20%, or even more. Despite this, your transportation business may actually be more valuable today than it was a few years ago, as surprising as that sounds. Why is this the […]
