Accurately valuing a small business is often the most challenging part of the process for prospective business buyers. However, it really is a simple process once you understand the terms and processes. Above all, you should realize that valuation is an art, not a science. As a buyer, always keep in mind that the “Asking […]
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10 Questions Every Business Seller Should Ask Themselves
One of the most challenging components of being a business broker is getting inventory that is solid and well prepared for sale. Unfortunately sellers generally do not think of selling or seek advice regarding selling until it is far too late. Here are 10 Questions sellers should ask themselves before selling their businesses: 1. IS […]
Exit Planning and the Baby Boomer Generation
Are Baby Boomers Ready to Exit Their Businesses? It’s official: as of Jan.1, the oldest of America’s baby boom generation started turning 65 at a rate of 10,000 a day — a trend that will last for the next 19 years. As articles like this one point out, the coming wave will mean big business […]
Why you need a business broker – Take a lesson from the big boys and know their tactics
The con man refers to his target as a “mark” – easy prey to be exploited. Private Equity (PE) guys are too polite to refer to their victims in such pejorative terms, but, as I learned this week from a friend , PE firms now have a saying for a business owner who is an easy […]