Choosing a Business Broker to Sell Your Business: 7 Questions to Ask Selling your business is an important step in your career – almost as important as beginning it. Knowing how and whom to sell your business to is not a process to be taken lightly. Similarly, being in the market for a new business […]
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Buying A Business: Is the SBA Loan Program Right For You?
Buying a Business: Is an SBA Loan Right for You? The Small Business Administration (SBA) is an agency of the US government that supports entrepreneurs and small businesses. It is the duty of the SBA to “aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns.” A major function of […]
How do I know the sellers financials are real?
When you get to the offer stage of the buying process, you will then enter the next stage known as “due diligence” during that phase your financial and legal professionals will be afforded the opportunity to request and vet the businesses legal and financial status to assure you of the soundness of the transaction. It […]
Using a Business Broker can be extremely helpful! Just Make Sure You Hire The Right One
So I got this question yesterday: I have decided to sell my successful business. I am leaning towards selling it on my own. I see all these websites available to list businesses and my inquiries to my accountant and attorney have not been favorable about business brokers. What do you think? Answer: For over the […]
What are the most important things I can do to prepare my business for sale?
Planning the sale of your business is not something that you do in days or even weeks. It is a process that takes years of planning, education on tax laws, the partnership of several professionals, and the sharpened understanding of a dynamic marketplace. With over 40 years of experience in the buying and selling of […]