ALL BLOG POSTS
How to Hire a General Manager: Step-by-Step Guide for Small Business Owners
Hiring a General Manager: Everything You Need to Know to Exit Daily Ops. In this webinar, Joe Steigman from Legacy Entrepreneurs walks through a proven process for hiring a general manager—so you can scale, delegate, or prepare for exit. Whether you're ready to grow...
Why a Strong Confidential Information Memorandum is Key to a Successful Business Sale
Thinking about selling your business? Here’s what a high-quality CIM (Confidential Information Memorandum) looks like. A strong CIM = better buyers, faster deals. When you're preparing to sell your business, first impressions matter. For many buyers, that first...
How to Sell Your Small Business: Free Webinar & Step-by-Step Guide
In this webinar, I break down each phase of how to sell your business and provide insights along the way. Whether you’re planning to sell in three months or three years, this is the best place to start. Download the Slides Download the Guide Thinking about selling...
Bad Bookkeeping Kills Deals — Focus on These 4 Fixes
If your financials aren’t clear, buyers walk. And too often, it’s not fraud or mismanagement—it’s just bad bookkeeping. Here are the four most important financial issues to address if you want to sell your business (or just improve its value): 1. Separate Owner-Only...
How the 2025 SBA Rule Changes Could Impact Your Business Sale — and What to Do Now
If you're a small business owner thinking about selling in the next 1–3 years, new SBA rules could affect your exit—especially if your buyer is using SBA financing (as most sub-$3M buyers do). Starting June 1, 2025, the SBA’s revised SOP introduces stricter...
How to Increase Restaurant Profits in Nashville: 5 Proven Local Tactics
Why Profitability Matters in Nashville’s Restaurant Scene If you're a restaurant owner in Music City, you know it’s not just about great food—it’s about smart business operations. Whether you're planning to exit your business or hire a general manager to take over...
The Golden Number vs. Business Value: What Every Small Business Owner Needs to Understand
If you’re a small business owner nearing retirement, you’ve probably heard the term “Golden Number.” It’s the amount of money you need to retire comfortably—and it’s different for everyone. It depends on your lifestyle goals, your expected expenses, and how long you...
Why Buyers and Sellers Don’t Agree on Business Valuation — And What to Do About It
Many business owners are surprised — or even offended — when they receive a valuation that’s significantly lower than what they...
You Think Your Business Is Worth $2M — But It Might Only Be Worth $1.4M
Many business owners are shocked when they hear the real value of their company — especially when they’re generating millions in revenue. Here’s the common situation: Revenue: $3,000,000 EBITDA (Profit): $700,000 Owner is still GM and head of sales. You might expect a...
Top 5 Ways a General Manager Transforms Your Life
Small businesses need general managers to professionalize and operationalize their business. For many small business owners, the idea of hiring a General Manager feels like a luxury. But in reality, a GM is often the most strategic and profitable hire you can make....