Advice from a Small Business Owner on the Pitfalls of Trying to Sell a Business on Your Own
Many people do not know there is such thing as a business broker, or believe they can handle selling their business on their own, so when it comes time to sell their company, they often sell for an amount much less than what the business is worth, or sell to a...
How to Manage Stress in Your Business and Avoid Burnout
Most small business owners feel some sort of stress related to their company. Some of this is good stress, which helps you to accomplish tasks and run the business. However, usually when we think of stress, we think of negative stress. This kind of stress that can...
When should you sell your business? How to time the sale
If you are a business owner who has ever considered selling, chances are you’ve asked yourself, “Is it the right time to sell my business?”. Just like real estate, the stock market or any other type of investment opportunity, timing the sale of a business can be...
How Your Employees Can Affect the Sale of Your Business
When selling a business, careful consideration must be given to how the company’s employees are handled. Your employees bring a lot to the table in a potential business deal. The best ones may add value to the company, and could be integral in closing a deal, so it is...
What to Look for When Buying a Business for the First Time
Many people dream of starting their own business and being their own boss. Running your own business can open up a new financial opportunity and provide you with a sense of freedom and control over your own destiny. An excellent alternative to starting a business from...
The Case for Hiring a Business Broker to Sell Your Company
The process of selling a business is extremely detailed and complex. While you can certainly do it alone, doing so without the proper experience can hurt your business and its value. It can also be very stressful dividing your time between selling and running your...
Understanding the Importance of Confidentiality When Selling a Business
Getting your business ready for sale isn’t as simple as just putting it out there, publicly advertised for the world to see. While letting as many people as possible know about it might seem like the best way to expose your company to more buyers, it can actually harm...
Selling Incredible Edibles and Intoxicates for over 30 Years
When it comes to selling a restaurant, many business owners will turn to a commercial real estate agent and advertise publically or try to sell on their own. However, this is not the best strategy to attract qualified buyers, and it could harm the business in the...
Thinking About Selling Your Business? Get Ready With These Important Documents
When selling a business, it is important to understand that any serious prospective buyer will want to do their due diligence and collect as much information about the business as possible to help them make an informed decision. While the initial attraction to the...
A To-Do List for Selling Your Business
Selling a business can be an intimidating task, but like any goal, can be separated into smaller parts to make it less daunting. While getting the help of an experienced professional, like a business broker, is strongly recommended for maximizing the return on...
The Most Important Deal Terms When Selling Your Business
The primary focus of any business owner when it comes to selling a company they own tends to be the asking price. After all, as a business owner, you want to get the highest possible value for a business that you are deeply invested in, both financially and...
Baby Boomers are Fueling the Market for Business Sales
This past year was a record year for businesses changing hands. In a survey of small business owners, conducted by BizBuySell, more businesses were sold in 2018 than in any other year, an increase of 4% from 2017. Business Brokers who were also surveyed attribute this...
Knowing Your Options When Selling a Business With Real Estate
Business owners who plan to sell a business that has real estate attached to it need to make special considerations when planning their exit strategy. Take the time to make sure you know your options, understand the financial implications and choose the right person...
Understanding the Importance of Leases When Selling a Business
If you rent the building your business resides in, you must make special arrangements before listing your business for sale to help make sure the process goes smoothly and ensure the survival of any potential deal. As a renter, you will almost certainly require the...
What Do Your Books Say About Your Business?
Selling your business on the open market requires showing its best face. You may be running a successful business and have an attractive an inspiring product or service with tremendous upside. If someone were to ask you about your business you’d probably have a great...
Preparing for Life After Selling a Business
The process of selling a business can be an emotional roller coaster. While on one hand you may have a great opportunity to get a big return on investment from a company that you’ve dedicated your life to running. On the other hand, it’s that same dedication and...
How to Attract More Buyers to Your Business by Increasing its Value
Looking to get top dollar for your business? Increasing its value does more than just give you the leverage to demand a higher asking price, it also helps make it more appealing to potential buyers. Prospective buyers will be looking for a business that is not only...
When selling your business, make sure you take the right exit
If you own a business, you may have at some point thought about the day when you’re ready to move on from it and into the next stage of your life or career. Whether you’ve put serious thought into selling or not, it is always good to have an exit strategy. Having an...
How a Business Broker Takes Extra Measures to Protect Your Sensitive Information
There are numerous reasons why keeping your business information private is critical during the sale process. The most apparent reasons to maintain confidentiality would be to prevent competitors or customers from finding out, but it could also be for the sake of...
Key Factors in Determining the Value of Your Business
The market value of your business, also known as a business valuation, is an approximation of how much a buyer would be willing to pay for your business. There are a number of different factors to consider when trying to estimate this value, other than just assets and...
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