Author: Exit On Top Eric Togneri

Building a business is often a long-term marathon. Exiting that business, however, is a complex process that benefits from years of preparation. As we move into 2026, a growing number of retirement-age owners are bringing businesses to market, increasing competition and making buyers more selective. Owners...

When business owners hear about “valuation,” two acronyms often come up: SDE (Seller’s Discretionary Earnings) and EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Knowing the difference between them helps you pick the right metric—and avoid undervaluing or overpromising. Below is a basic “Business Valuation 101” explanation of both, when...