According to experts, up to 90% of people fail to sell their businesses. Many business owners often ask themselves, “How to sell my business?” They end up debating whether to do this endeavor on their own or to use a broker.
People sell their businesses for multiple reasons, such as losing profit, wanting to do something else, wanting more time to themselves, or other reasons that...Read More
1. Build a solid management team. A business with sales of $5 million and up needs a full complement of officers and directors. Such a team might include: a COO, a CFO, a sales manager and, depending on the of type business, an IT director. It is also beneficial to create a Board of Directors with at least two outside members. This professionalization of management can remove the stigma of...Read More
Did you know there are just over 1 million restaurants in the US?
On some nights, nothing beats heading over to your favorite restaurant. It feels good to give up cooking duties for the night.
Unfortunately, on the other side of the coin, the owner of the restaurant is over their head. They’re pulling out their hair while you slurp pasta. Or they may simply ready to move on from the...Read More
We work closely with our clients to preserve the integrity of deals so that they have the best chance of a successful closing. An often-overlooked aspect of the process is understanding and embracing human psychology. In this article, we will explore some of the most common ways that psychology comes into play.
The Element of Time
It is critical that both buyers and sellers feel well...Read More
Entrepreneurship is a risky business. While starting your own business venture can be one of the most rewarding experiences in your life, it can also be one of the most stressful. The reality is that not all entrepreneurships are made to last, and only a handful of businesses truly stand the test of time.
With this in mind, it’s always important to know when to move on and sell your...Read More