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 More
How to Sell Your Business With a Business Broker
Out of all the businesses listed for sale, only about 30% to 40% ever sell. There are many reasons why your business sale may fail to go through. It could be that your business is bleeding cash, you have overpriced it, you have irreconcilable flaws, or you lack a professional business broker. Now, if you’re trying to figure out how to sell your business for its maximum price, we have a...Read More
Important Points for Selling to a Family Member
Eventually every business owner will have to turn over control of their business to someone else. There are many options for how this can play out. They range from selling the business to a prospective buyer or selling to a competitor, to turning your business over to a family member. It is key that you start thinking about these options years before you end up in a situation where you...Read More
How to Circumvent Three Legal Mistakes Sellers Make
After decades of hard work, selling your business can be an exciting and rewarding time. Yet, many business owners overlook the importance of focusing on the legal matters associated with sales. In this article, we’ll explore three of the most significant mistakes sellers make. 1. Use an NDA The first critical mistake that business owners should be guarding against is skipping the use of a...Read More
What Can a Business Broker Do for You?
Are you thinking about selling your business? Wondering what a business broker can do to help? If you’re thinking about selling your business, you may be tempted to go through the process alone. However, working with a business sale broker can be a great help and can make the entire process much easier overall. If you want to learn more about how they can help you sell your business,...Read More
Put Your Strengths First When Selling Your Business
You understand the finer points and potential of your business better than anyone; however, that doesn’t mean that prospective buyers will instantly see your business’s various strengths. When you are looking to sell your business, you have two very important jobs. The first is to get your business ready to be sold. A second essential job is to showcase your business’s greatest strengths. At...Read More
Buying/Selling a Business: The External View
There is the oft-told story about Ray Kroc, the founder of McDonalds. Before he approached the McDonald brothers at their California hamburger restaurant, he spent quite a few days sitting in his car watching the business. Only when he was convinced that the business and the concept worked, did he make an offer that the brothers could not refuse. The rest, as they say, is history. The point,...Read More
What Makes Your Company Unique in the Marketplace?
There are unique attributes of a company that make it more attractive to a possible acquirer and/or more valuable. Certainly, the numbers are important, but potential buyers will also look beyond them. Factors that make your company special or unique can often not only make the difference in a possible sale or merger, but also can dramatically increase value. Review the following to see if...Read MoreRecent Posts
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When business owners hear the term goodwill,... -
Selling a business isn’t just about finding...
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