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 […]
Buy a Business
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 […]
Understand Reality
Too often in life and business we measure things and never understand the why of them. Statistics are important “tells” but without context and background they can lead one down the wrong path. Selling a business is no different so here are some stats to ponder in your sell process: 1. Less than 20% of […]