Properly valuing a business is often the most challenging part of the process for business buyers. However, it shouldn’t be overwhelming or difficult at all. First you should understand that valuation is an art and not a science. As a buyer, always keep in mind that the “Asking Price” is NOT the purchase price. In […]
Buy a Business
The 8 Step Buying Process
Many dream of owning their own business for many reasons: to be their own boss, have job security, control their hours, build equity, and / or create a legacy. Transworld Business Advisors offers eight important steps to finding the right business for you: STEP 1: TAKE CHARGE You have made the decision to control your […]
Why You Need To Use a Business Broker? A Lesson From the Big Boys of Private Equity!
Sellers often think they can sell their businesses on their own. One reason you should engage a competent business broker with deep experience is to protect yourself from yourself. Here is what I mean……. The con man refers to his target as a “mark” – easy prey to be exploited. Private Equity (PE) guys are […]
Buyers Education
All Business Buyers come to the buying process with a world view and perception of the process. Where they get that knowledge ranges from books and seminars to water cooler conversations with those who have been through the process. One of the most dramatic statistics regarding buyers in the buying process is that 99% of […]
Drive the Damn Bus
I was at a meeting the other day with some colleagues and one of the seasoned veterans was telling a story of a buyer who was very qualified. The gentleman in question had all the degrees in the world and a resume of successive levels of responsibility that indicated he would be a great business […]