Be honest with your broker Your business broker needs to learn what your expectations are, your motivations, your attitudes, and your perceptions. He must fully and completely understand why you want to sell your business. Your broker can educate you about what is happening in the marketplace if he...
In the life cycle of your business, you may or may not ever hit that ‘Best’ time to sell. That comes rarely because the stars just don’t perfectly align very often and sometimes never. The absolute best time to sell is when you don’t need to, want to, or...
Being a business owner can be thrilling, adventurous, or a pain in the neck–unless you know what you’re doing. Much of what a business broker does for you eases your transition from employee to employer. Peterson Acquisitions can help you write a business plan. Some folks “fly by the...
To sell a home or a car at top price, the product needs to be shined and cleaned. This is why car dealerships spit shine used cars before putting them on the lot. For the same reason, Realtors recommend removing clutter from homes before showing them. If you want...
To some, planning an exit strategy sounds negative. Actually, the best reason for an exit strategy is to prepare to optimize a good situation, rather than getting out of a bad one. A good exit strategy allows you to focus on things that make your business more appealing and...
A good business broker–like Peterson Acquisitions–can make the market whatever market you need! Here’s why. Business brokers and real estate personnel share common interests and knowledge about things like interest rates, investment growth, legislative changes and employment in the community, things that will affect you as a buyer or...
Write-offs reduce the amount of taxable income you have. For example, if you make $100,000 a year and have $10,000 in write-offs, you would be taxed on only $90,000 in income. In some cases, tax write-offs can lower your federal income tax bracket, reducing the percentage you pay on your taxable...
#1. I got here myself. No one ‘built’ this for me. Why do I need help now? You did. You got to this place and time on your own. You’ve built something special. And that is exactly why most business people need a Business Broker when it is time...
1. We immerse ourselves in your business to get to know it in order to market and sell it 2. Once we know your business, we prepare a Confidential Information Memorandum, (CIM) which details what you are marketing and how your business operates. The CIM also summarizes your industry...
Should you invest in a franchise? After asking what would make you happiest, to the next one tends to be: “How much will this cost me?” But this business game can be a lot like Let’s Make A Deal unless you’re careful. If the cost rules your playing field...
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