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 […]
Selling A Business, Selling Your Company
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 […]
12 Fatal Mistakes You Can Make When Selling Your Business
Why Buy an Existing Business?
1. What are your biggest challenges right now? You want be aware of potential minefields, says Chet Walden, president and CEO of Walden Businesses, an Atlanta-based management and acquisitions firm. For example, if you’re buying a company that will need $1 million in capital improvements, he says, you need to learn that upfront while […]