How Do I Prepare to Buy a Business?

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 [...]

By | 2022-05-12T09:04:10-05:00 May 12th, 2022|Blogs|Comments Off on How Do I Prepare to Buy a Business?

Excess Concentration Risk When Selling Your Business

Diversification is a well-known strategy for minimizing risk in investments. It’s what you should be doing with investments outside of your business. It is also inside the investment you’ve made in private equity, namely, your business. Use the law of diversification within your business to fortify and protect the business. This will reduce the risk [...]

By | 2021-01-04T13:25:21-05:00 January 4th, 2021|Blogs|Comments Off on Excess Concentration Risk When Selling Your Business

Negotiations and Nitpicking During the Sale of a Business

Details, details, details. When you’re negotiating the sale of a business, everyone comes to the table with their own details—what they want and don’t want, what they need and don’t need, and their own strategies and expectations. Negotiating the sale of your business can involve everything from price to employees to branding to intellectual property [...]

By | 2020-12-02T09:57:01-05:00 December 2nd, 2020|Blogs|Comments Off on Negotiations and Nitpicking During the Sale of a Business

Why Credibility Is Important When Selling Your Business

It is imperative that you maintain the trust of the person who is interested in buying your business. The last thing you want to do during negotiations when selling your business is to lose credibility with the buyer, otherwise, it’s most likely that your deal will go up in smoke. Buyers come to the table [...]

By | 2020-10-26T10:00:22-05:00 October 26th, 2020|Blogs|Comments Off on Why Credibility Is Important When Selling Your Business

The Importance of Pre-Qualifying Potential Buyers For the Sale of Your Business

As a business owner, it can be very exciting when a potential buyer inquires about your business for sale. This may happen when your business isn’t even on the market. Although there may be many aspiring business owners in the community, many of them will never be business owners. They may not have the skills, [...]

By | 2020-11-12T13:46:06-05:00 September 24th, 2020|Blogs|Comments Off on The Importance of Pre-Qualifying Potential Buyers For the Sale of Your Business

How Do I Prepare To Buy a Business?

Ask yourself some important questions.  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. Line up a team of professional advisors. Alert your attorney, accountant and financial advisors [...]

By | 2017-12-21T10:41:32-05:00 September 6th, 2017|Blogs|Comments Off on How Do I Prepare To Buy a Business?

What Are The Benefits of Buying versus Starting a Business?

So you want to be your own boss. Consider the options: start your own business or buy an existing company. Certainly there are pros and cons to each option. If you do a careful analysis, you’ll learn what many seasoned entrepreneurs have discovered ... the risk-to-reward ratio is tipped in your favor when you purchase [...]

By | 2017-12-21T10:02:21-05:00 April 5th, 2017|Blogs|Comments Off on What Are The Benefits of Buying versus Starting a Business?
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