6 Things to Do Before Selling Your Business
No matter what type of brand you own, selling a business can be both exciting and paralyzing. Along with the validation of selling something you’ve spent so long working to establish, the stress of the sale process can grow overwhelming fast. That’s where early preparation comes in. Organizing your business in advance allows you to to streamline the sale process and improve your...Read More
Storytelling and Its Role in Selling a Business
When it comes to selling a business, there is more to it than just relaying the facts. It’s also important to emphasize the story behind the business. Business brokers and M&A advisors are also storytellers, as they must convey to buyers the story behind the business and how it can ultimately be transformed. It is through storytelling that humans organize the information they have about...Read More
How to Transfer Your Business to a Family Member
Are you thinking of transferring your business to a family member? This occurrence is fairly common, especially among small businesses. Here are some considerations that will help with your planning and decision making. Do You Have a Good Contract? Sometimes close family members are tempted to skip a contract, but it’s always a mistake not to have things in writing. When you create a buy-sell...Read More
How to Accurately Value Your Restaurant Business
If you’re thinking of selling your restaurant, one of the first steps you’ll need to take is to have your business appraised. This will give you a better idea of how much your restaurant is actually worth and what kind of return on investment you can expect from a sale. However, valuing a restaurant business is not as simple as looking at its revenue or profit margins. There are a...Read More