Becoming a Business Owner: What Does Business Ownership Entail?
For millions of Americans, owning a business is a lifelong dream. That dream is certainly attainable, given that, at any given moment, 16% of Americans are actively running their own company. We might be a nation of entrepreneurs, but that doesn’t mean that business ownership is for everyone. After all, being a business owner comes with a vast list of responsibilities, not to mention the...Read More
An Overview of Term Sheets
If you’re planning on a business agreement to buy or sell a business, you’ll want to know about term sheets. These non-binding agreements will help with progress for both parties. The information covered in the term sheet should include everything from pricing and terms to special considerations. You can expect it to be between one and five pages in length. What is the Difference Between a...Read More
How to Trigger a Bidding War for Your Business Sale
Nearly 50% of businesses fail within the first five years in the United States. For the ones that do succeed, it’s rare for owners to run their companies indefinitely. There often comes a time when entrepreneurs want to sell their businesses. Starting a bidding war can cause the business sale to come out in your favor. However, not everyone understands how to facilitate this process....Read More
Is Your Deal Really Going to be Successful?
If you’re selling your business and things are looking positive with your buyer, you might be tempted to start resting easy. If you have a signed letter of intent, you might be even more tempted to think that things are pretty settled. However, the fact of the matter is that much can be uncovered during the due diligence process, and that is often when deals start to fall apart. Due diligence...Read More
