A Guide for Determining a Reasonable Price for Your Small Business
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
Current Insights Regarding the Labor Shortage
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
10 Reasons Why You Need Business Brokers
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
The Most Important Factors in Any Partnership Agreement
Every business has an array of important legal documents. However, the partnership agreement holds a unique and important place in your business and its future. The facts are that many people choose to go into business with close friends or family members, and often these personal relationships lead to a forgoing of the partnership agreement. Don’t go this route, as it would be a major...Read More
5 Tips for How to Sell Restaurant Business
The restaurant and food industry is one of the unkind sectors to entrepreneurs. Unfortunately, your restaurant is likely to fail due to a lack of planning and poor management. But in most cases, many restaurant owners find that after a period of success or unsuccessful selling foods and drinks, it’s best to sell their restaurants. Whether you’re selling because you want to venture into a...Read More
Disruptive Factors in Selling Your Business
At some point, every business owner will need to think about selling his or her business. This means you’ll need to be ready to overcome a range of obstacles, as the process of selling a business can be both confusing and time-consuming. This is especially true for those who have not gone through the process before. Let’s turn our attention to some of the key reasons why deals can fall apart....Read More
The Importance of Quality Negotiations
When it comes to finalizing deals, successful negotiations are at the heart of the matter. It only makes sense to think about how to improve your communication skills and to choose a Business Broker or M&A Advisor who is well versed in the art of negotiation. Cultivating Win-Win Situations Achieving a win-win for all parties is essential, and there are many components involved. It’s...Read More
Top Ways to Ensure Your Business Sells Fast
Every business owner has different reasons for selling their company. Some want to retire, some want to get out of the industry, and others need cash flow. You might be selling your business for any number of reasons, but the primary goal is always to get that money into your hands as fast as possible. So how can you ensure a quick sale? Here are ways to sell your business that can be fast and...Read More
Market Trends Reported in the IBBA and M&A Source Market Pulse Survey: Second Quarter 2021
Created in 2012, the IBBA and M&A Source Market Pulse Survey was created to provide business owners and their advisors with a clear understanding of ever-changing market conditions. Through this survey, it is possible to gain clarity on businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). Scott Bushkie served as the originator of the...Read More
How to Find the Best Buyer for Your Business
According to a survey on business sales, only 30-40% of businesses listed for sale will actually sell. One reason why people are unable to sell their business is that they cannot find a reliable buyer. Are you looking for a guide to selling your business and want to learn how to attract the best buyers? Keep reading this article to learn how to sell your business and for tips on finding the...Read MoreRecent Posts
-
Starting a business with a friend, colleague,...
If you have any questions that we have not covered please don’t hesitate to contact us.