Posts Tagged ‘successful business’

Why Deals Fall Through

There are a multitude of reasons why a business sale can fall through. But, more often than not, problems can be boiled down to one of these four. Conflicting expectations Buyers want to get the best bargain and sellers are looking to get the most profit. This fundamental difference between buyers and sellers can make…

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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…

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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…

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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.…

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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?…

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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…

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