If you are thinking about buying a business, you must ask yourself some important questions, such as: Why do I want to be an owner? What types of activities do I like? What lifestyle is important for me? You’ll also want to be sure to include your family as part of the assessment. Consider the [...]
Taking the proper steps to plan a successful exit strategy can significantly improve the likelihood of a successful sale. No matter how secure you are in your business, no matter how satisfied, no matter how you expect to go on forever, you have to be constantly planning for the day you will no longer own [...]
When it is time to sell your business, you will want to engage the services of a trained, experienced business broker to market your business to qualified buyers, and to oversee the transaction to ensure that it goes smoothly. One of the most important considerations when choosing a business broker is whether they can sell [...]
We once had a $7 million company that was not sellable. Even though this company was making $2.5 million profit a year for the owner, we had to tell the owner that we couldn’t sell his business. What he had was a profitable job with 25 assistants. This particular business was in existence for 15 years. [...]
We find that a lot of business owners thinking of selling their business aren't as informed as they should be about the realities of selling a business. So we work hard to teach our clients and work with them to better understand how to build salable businesses. For this post, we put together the 3 [...]
So, you have a great business that you’ve invested your heart and soul in, and now for whatever reason, it is time to move on. You have kept your eye on the EXIT and have done all the right things. At this point, business owners want to know: how do you determine the value of [...]
There are three types of buyers looking to buy a business: Industry Buyers, Strategic Buyers, and Individual Buyers. This blog will focus on how to sell a business fast to the Individual Buyer, which has the largest pool of buyers who are willing to pay the highest dollar amount for your business. Be Able to [...]
Remember how high your energy level was when you first started your business? You couldn’t wait to get in to work each morning, anxious to take on the challenges of each new day. You arrived early and stayed late, hardly noticing the relentless march of time. It was all about the pursuit of success. Do [...]
There's an adage that "Time Kills All Deals". As business brokers, we've found this adage to be absolutely accurate in any size transaction. Over the years, as we worked with business owners who were trying to sell their business, we found they often failed to grasp the importance of momentum in getting a deal finalized. [...]
You’ve found a great buyer, agreed on terms, and you are moving through the process of selling your business. Big sigh of relief! The worst is over. What could possibly go wrong? Deal fatigue! Anyone who tells you a business sale process is quick, simple, and pain-free either knows something the rest of us don’t [...]
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Deal Killers is a practical guide for current and future business owners who will, at some point, consider the sale of their business.
