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 […]
Selling A Business, Selling Your Company
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 […]
Sellers Financing ….The Facts
There was an interesting article the other day in a small business magazine. The article stated that a survey was done of all the websites listing businesses for sale. The analysis of those listings showed that less than 20% of the businesses on the market were using Tax Returns as the source document for financials […]
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 […]
10 Questions to Ask a Business Broker When Interviewing them to Sell Your Business
Selling a business is serious stuff and shouldn’t be taken lightly. When only 20% of all businesses listed ever sell who you choose can mean the difference between success and failure. Here are 10 Questions to start with when interviewing your broker: 10 Questions to Ask Your Business Broker before listing with them 1. How […]