“No one would want to buy my business.” “I’d like to sell but it’s not a sexy business.” “It’s in a small town.” “It’s hard work; it’s dirty work.” The list goes on and on. We’ve heard all kinds of reasons why someone would like to sell their business,...
When a business owner opts to sell a business, chances are good he’s made the decision because he’s ready to try something else or retire. He’s selling because he’s not interested in getting back into it. Still, for the buyer’s peace of mind–and on the off chance the seller...
Searching for “sell my company” and the tax implications of doing so? Most business owners, when getting ready to sell, fear that they are going to be hit with a heavy tax burden if they sell. It couldn’t be further from the truth. In most cases, this fear could be...
Honest and verifiable cash flow will greatly impact the sale price of a small business. Many small business buyers are first-time buyers coming out of corporate America. Their primary goal is to replace the income stream from their job (or former job). For these buyers, the owner’s cash flow...
When buying a company, you want to make sure transitioning a business to owner to a new one happens as smoothly as possible. You need time with the previous owner to really dig into details to understand how and why things have been done the way they were,...
You’ve invested time in finding and evaluating business brokers. You’ve finally selected the broker you want to help you. You want the relationship to be a good one. You want a smooth transaction while moving forward as fast as possible. Here are a few tips to help. If...
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. You must start the rest of the process knowing that, at times, it will be frustrating and...
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. Things You Need to Be...
Do these reasons indicate the best time to sell your business? Industry Overview To know the future of an industry, it helps if you have a genie in a bottle to tell you the answers. If the industry is heading in a bad direction, it is time to evaluate...
These might be additional reasons the timing might be right to sell your business. Health A sale is sometimes necessary due to the health of the owner. Structuring a deal for a quick sale due to the owner’s health does not have to be for a lower price. A...
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