Recent Blog Posts
How Do I Know When to Sell My Business?
In this blog, we have talked about many of the different aspects around selling a business, such as how to get started, good first steps to take, where to start looking for buyers, etc. One very important question we have not covered yet is knowing when to sell your business. Timing can be crucially… Read More »
Why Buy a Business Instead of Starting My Own?
For most individuals, the dream of forming and running a successful business from the ground up is a life-long dream. However, just like many dreams, it can be immensely difficult, even impossible, to accomplish. In business, as in many things, it is often much, much easier to come in after all the hard ground… Read More »
Selling My Business: How Focused Should I Be on Profitability?
When you’ve made the decision to sell your business, there are quite a few things that need to be done in order to maximize your selling price. Most of them revolve around making the decision as easy as possible for your prospective buyer, and chief among those is making your business look as profitable… Read More »
Attracting Buyers, Then Kicking Them to the Curb?
There are many ways to sell a business. You can more-or-less transfer ownership to a close friend/family member, you can accept the first offer you receive, you can keep it on the market for years while fielding offers and continuing to grow, or any number of other tactics. One of the weirder tactics ever… Read More »
D.I.C.E. – The Story Behind Exiting a Business
Forming or starting a business can be a great learning experience for many people, as it requires you to start something with a plan for how it ends. That is, as popular author Stephen Covey would say, “Begin with the end in mind.” What that means is that any long-term successful business needs to… Read More »
How Dependent on You is Your Business?
When it comes to selling a business, there are many factors that play into how much a business is worth, and how eager prospective buyers will be to put in an offer. There are many obvious ones, such as size of the customer base, stability of employees, age of technological equipment, etc. One of… Read More »
Patience is a Virtue When Selling a Business
The decision to sell a business is likely going to be fraught with uncertainty and emotion, and plenty of time taken to consider all possibilities and options. Some people just up and decide to sell their businesses, but far more likely, the decision-making process is months or even years in the making. Certainly a… Read More »
Buying a Business: Taking a Closer Look
So, you came across some money, and have made the decision to buy a business. Congratulations! Owning your own business is one of the most proactive, practical, and responsible decisions you could make. Once you have found an industry and geographic location that interest you, you should now take a closer look at some… Read More »
Buying a Business: How Do I Start Looking?
Building a business is immensely difficult. You have to have a strong idea, be able to market it well, hire the right people, have systems in place to allow growth, and have the patient hard work to never give yourself a break until it turns into a success. It must be far easier to… Read More »
Selling a Business? Show Your Paperwork
The road to selling a business is always long. Usually feelings will start to build up over time, and ultimately, when someone finally decides to go forward with a sale, they tend to have had it on their mind for a while. Depending on how long you have been thinking it over, you may… Read More »