Do your social media assets have value when selling your business? 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...
You’re looking for the perfect business to buy. You find several that interest to you, so you must compare them. How do you know which would be best? Here are several important things to look at. Factors to Consider When Comparing a Business 1. Financials Obviously it’s important...
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...
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 business’s tax...
The sale 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...
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...
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...
Buying an existing business represents less of a risk than starting a new business from scratch, but you must 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...
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...
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...
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