5 Ways to Improve Your Business During the Age of COVID-19

During this challenging time, our priorities remain with our families and communities.  However, if you are a small business owner, there are many things you can do to think about how you can move your business forward. We’ve put together 5 ways to use this time to your advantage: Accounting/Finance. Clean up your books. Your [...]

By | 2020-05-07T09:12:35-05:00 May 7th, 2020|Blogs|Comments Off on 5 Ways to Improve Your Business During the Age of COVID-19

Update on SBA Paycheck Protection Plan

The Small Business Administration (“SBA”), in consultation with the Treasury Department, released Frequently Asked Questions (“FAQs”) designed to address borrower and lender questions around the implementation of the Paycheck Protection Program (the “PPP”) under the CARES Act.  The FAQs indicate that borrowers and lenders may rely on this document as the SBA’s interpretation of the [...]

By | 2020-04-09T10:03:41-05:00 April 9th, 2020|Blogs|Comments Off on Update on SBA Paycheck Protection Plan

Four Reasons Why Selling Your Business Should be Kept Confidential

Sure, you're excited about possibly selling your business and moving on to a larger project or simply retiring. It's easy to get excited about the large payout in the offing. But revealing too much too soon can put the deal, and your business itself, in jeopardy. When the time comes to sell your business, just [...]

By | 2020-03-11T10:03:50-05:00 March 11th, 2020|Blogs|Comments Off on Four Reasons Why Selling Your Business Should be Kept Confidential

Four Deal Killers When Selling Your Business

Every owner knows that the financial situation of his/her business is the heart-and-soul of the operation. Keeping sloppy books can not only foul up the operation, it can mean disaster when the time comes to sell your business. When meeting with prospective clients, I often tell business owners to “clean it up.” Clean up the [...]

By | 2020-02-10T11:50:34-05:00 February 10th, 2020|Blogs|Comments Off on Four Deal Killers When Selling Your Business

The Importance of the Right Business Advisers

As the traditional saying goes, “There are deal makers and deal breakers.” Having the right group of business advisers is critical to consummating a successful deal. Hire the right group of business advisers. This begins with an experienced professional business broker. Next comes a trusted attorney who has experience in deal-making. The best attorney is [...]

By | 2020-01-15T11:53:45-05:00 January 15th, 2020|Blogs|Comments Off on The Importance of the Right Business Advisers

Failure To Plan For The Sale Of Your Business

Benjamin Franklin, Winston Churchill and many others have said it: “Failure to plan is planning to fail,” or some version thereof. This is certainly true for a business owner, who someday will decide to exit the current business and retreat to a retirement of peace and enjoyment. This is why we recommend that business owners [...]

By | 2019-11-11T11:21:47-05:00 November 11th, 2019|Blogs|Comments Off on Failure To Plan For The Sale Of Your Business

Should I Sell My Business Myself Or Hire A Business Broker?

This is a question most business owners ask themselves -  should they sell their business themselves, or hire a professional business broker. We were recently contacted by an owner who was concerned about confidentiality, and who wanted to save on commission fees. So he decided to try to sell his business himself. After eight unsuccessful [...]

By | 2019-10-03T08:40:42-05:00 October 3rd, 2019|Blogs|Comments Off on Should I Sell My Business Myself Or Hire A Business Broker?

7 Reasons Not To Overprice the Value of Your Small Business

Few business owners have an accurate idea of the value of their business. More than half the time, business owners set asking prices that are unrealistically high, and  some set prices that are too low. Whether you think your business is worth $2 million or $20 million, you need an expert opinion for reference purposes [...]

By | 2019-12-11T13:42:33-05:00 September 3rd, 2019|Blogs|Comments Off on 7 Reasons Not To Overprice the Value of Your Small Business

4 Steps for Planning Your Successful Exit Strategy

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 [...]

By | 2018-03-27T13:33:45-05:00 December 11th, 2017|Blogs|Comments Off on 4 Steps for Planning Your Successful Exit Strategy

5 Ways Many Small Business Brokers in PA and NJ Fail Clients

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 [...]

By | 2019-12-09T14:42:43-05:00 December 7th, 2017|Blogs|Comments Off on 5 Ways Many Small Business Brokers in PA and NJ Fail Clients
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