Are Social Media Accounts an Asset When Selling?

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Are Social Media Accounts an Asset When Selling?

In case you haven’t noticed, customers no longer just go to the mall and shop.  They now ‘google’ everything.  And then they may (or may not) just order what they are looking for online.  Whatever your business, however well-established you are, however impressive your website is, your business probably should be using social media, too. …

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How To 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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Caution: Your Cognitive Bias is Showing When Determining Selling Price

When you are ready to sell your business, a common psychological disorder that will interfere with you selling the business yourself is your cognitive bias.  A cognitive bias refers to the systematic pattern of deviation from norm or rationality in judgment. Your cognitive bias is totally understandable. You desire to maximize the return on your entrepreneurial efforts. …

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The Process: Selling a Business

By the time Peterson Acquisitions has found a buyer for your business, you’ve already prepared much of the paperwork a financial institution will need from you to loan money to someone interested in buying your business.  You’ve already supplied at least three years worth of the businesses tax returns, income statements and a balance sheet.…

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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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Consider Your Talents and Interests When Buying a Business

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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Are You Really Ready to Buy a Business?

Are you ready to be your own boss? Are you ready to get up in the morning and fight like a lion to make it happen? Are you ready to make no excuses and find solutions? Are you ready to feel like you are going to make it against all odds? Are you ready to…

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The Process: Buying a Business

Unless you are wealthy or some rich relative or friend is anxious to lend you money to embark on this new venture–owning and operating your own business–chances are good you’re going to need financing from a bank or financial institution. The very thought of going though the loan process probably runs off many, many budding…

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