A Broker Opinion of Value (BOV) and a business appraisal are both methods used to estimate the value of a business, but they serve different purposes and involve different levels of formality and expertise. Here are the key differences between a Broker Opinion of Value and a business appraisal: 1. Why do we need […]
Blog
SBA Lending Updates
On May 10, the Small Business Administration (SBA) in the United States unveiled updates to the SBA 7(a) and 504 programs, presenting substantial opportunities for leveraging acquisitions. These changes simplify the process of buying or investing in businesses and enhance flexibility in selling existing ones. Here are five key takeaways and their potential […]
When do you sell your business in Tampa?
Knowing When to Sell Your Business: Key Indicators Serial entrepreneurs find building companies for sale rewarding, but for family business owners, it may feel like admitting failure. The crucial factor in the entrepreneurial world is recognizing the right time to sell. Here are signs that indicate it might be time for you to make that […]
How to Revive a Failing Business
In conclusion, these strategies can help breathe new life into a struggling business. However, if all else fails, and selling the business becomes the only viable option, consult expert business brokers to navigate the process smoothly. Reviving a business requires a combination of strategic thinking, adaptability, and a commitment to assembling the right team for success.
Lessons from The Tin Cup
Some 25 years ago I lived just out of town in a town called Kingwood. I was a member of Kingwood Country Club . It was and is a great place. Seven courses, tennis, pool…you name it. Our claim to fame was that we were the site for the filming of the Movie Tin Cup. […]