JOHN LASTRA, NEW MEXICO'S PREMIER BUSINESS BROKER

Posts by John Lastra

Personal Guarantees, Don’t Take Them Personally

In today’s small business world, nearly every loan will require a personal guarantee from you. This is also the case when you’re looking to finance the purchase of a small business. Options for lessening liability of business owners, like limited liability companies (LLC), have become more and more popular. But as more business owners look…

Read More

Positioning Your Business: Price

As a business owner, you already know the importance that price has in a purchase decision. Unsurprisingly, pricing your business correctly is a critical step to attracting the right buyer. The first step to understanding how to price your business is to understand the types of buyers in the market. There are three core varieties…

Read More

Don’t Make These Mistakes When Selling Your Business

Business sales or acquisitions can be challenging. Making the right choices during a business transaction can be difficult when you’re simultaneously juggling day to day business operations. To help you navigate this undertaking, I have put together this list of advice for avoiding common mistakes I’ve seen as a business broker. 1. Mixing business with…

Read More

The Most Common Times to Sell a Business

In a previous post, I discussed how to assess when to sell your business. The decision to sell your business can be very personal, or it can simply be part of your business strategy. After over 30 years in business brokerage, I’ve observed that the decision to sell is usually one of three distinct reasons.…

Read More

When is the Best Time to Sell Your Business?

The time to sell is when you do not have to sell. Selling a business can be a tricky undertaking with many considerations involved. Are you financially able to sell your business? How much is your business worth? How do you begin the process of marketing your business for sale? Who will facilitate the transaction?…

Read More

Three Keys to Selling Your Business

1. Optimize your income Take a look at your revenues and expenses, cut out unnecessary expenses and look for savings in necessary expenses. Higher net income means a higher valuation of your business. This is also an excellent opportunity to clean up your books, making them easy to understand for potential buyers. 2. Reinforce weaknesses…

Read More