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Posts by Gwen

Before you Pop the Champagne Be Prepared for the Challenges

You have a deal to buy a business. Congratulations! But before the company is yours, there’s still a lot to do.   You’ve found the business you want and agreed to buy it. It’s important that you start the rest of the process knowing that, at times, it will be frustrating and exhausting for both…

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Three Important Keys

We are each unique. We have our own DNA, characteristics, and personalities. We are shaped by our individual life experiences and the things we’ve learned.  Regardless of those differences, there are three things we all need to build a business into a success story.   Good Communication Skills The ability to communicate is essential.  A…

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Compare Businesses You’re Interested in Buying

You’re looking for the perfect business to buy. You find several that interest to you, so it’s important that you compare them.  How do you know which would be best?  Here are several important things to look at.   Financials – Obviously it’s important to take a close look at financials. They’ll give you a…

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Is the Price Fair?

The bottom line is that a fair price for a business is the amount the seller is willing to take and the buyer is willing to pay.   But before that point is reached in negotiations, buyers want to feel comfortable that the asking price is fair.  The best way to do that is to…

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Preparation is Key When You Exit Your Business

There are many things that come into play–both emotional and financial–when you decide it’s time to exit your business. While the money received from the sale of your business can be life changing, make sure you’ve planned for the next phase of your life. Owners are deeply engaged in their businesses. They have invested a lot…

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Before You Close the Deal

  You’re buying an existing business.  Congratulations! Before you close the deal, here are a few things to keep in mind: Buy the assets, not the business. Under no circumstances should you buy stock in a business. Instead, buy the assets of the business and form a separate company to act as the purchaser. There…

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Your Talents and Interests are Important

Buying an existing business represents less of a risk than starting a new business from scratch, but it’s important that you consider your talents and interests. Being honest about your skills and experience can help you make the right choice. Only you can determine the right business for your needs, but you’re going to be…

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Equity Financing

Small businesses often need money. Equity financing can provide an infusion of cash and other advantages to businesses looking to grow. Equity financing is when you get cash from an investor in exchange for a share of the business. In other words, you’re selling a percentage of your business (think Shark Tank). There is no…

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