There is a considerable difference between determining the value of a privately-held company and a publicly-held company. Topping the list of considerable differences is the fact that privately-held companies do not have audited financial statements. Let’s look at how the owners of privately held companies should proceed in establishing a reasonable price for their company.
An audited...Read More
BizBuySell’s Insight Report is filled with key statistics and information on a range of topics, including the labor shortage and hiring problems that many businesses currently face. Visit BizBuySell for more information about the findings that they recently reported for the third quarter of 2021. This website also offers an archive of past quarterly reports dating back to 2013.
The pandemic...Read More
Imagine working on your dream business for years, but retirement is finally upon you. Or maybe you’re ready to move on to your next venture.
No matter your reason, you should know how long it might take to sell a business in St. Louis. Then, you can sell it at the right time for you.
Keep reading to learn what goes into the timeline for selling a company.
Type of Business
One of the...Read More
Many prospective business owners believe that it is impossible to purchase a business without collateral. The simple fact is that banks do expect collateral when making a loan. Since this is the core reality of the business world, it means that many who are eager to own a business will ultimately not be able to acquire one. However, while it is true that banks want collateral for loans, there...Read More
This pandemic caused many business establishments to close down. Specifically, 163,735 businesses closed down during this pandemic, indicating a 23% increase in the number of business closures. However, the good news is that the economy is recovering as restrictions are slowly lifted.
This news is especially good for those looking to start or continue a business. Similarly, it also poses as a...Read More