Dear Entreprenuer, It is time for a view through the looking glass of business sales. In 2014 both volume and the average price of a business sale saw double digit growth (40% and 11% respectively). Certainly this is good news but, as the first quarter rolls around we see some soft date that is not […]
#buyabusiness
Buying a Business ….Navigating the Jungle
One of the reasons less than 10% of buyers ever buy is the sheer overwhelming amount of information and misinformation one is expected to process in finding a business. In addition to securing good guides (lawyer, accountant and brokers) to help you navigate you gotta know where to look and how to read the map. […]
Small Business Brokers in Slate Magazine
A client of mine told a writer about his experience #buying a business from Transworld. Here is the story: After 30 years of telecom and network systems work in corporate America, John Smee was ready for a change. He’d thought plenty of times before how nice it would be to find a little operation of […]
The 10 Commandments of Buying a business
Everyone is an expert it seems at buying a #business. Particularly those who have no skin in the game like family and friends. The single most important thing in #buyingabusiness is being educated. The best resource I found when I first started in this business was http://WWW.DIOMO.COM . Richie Parker’s course was a resource I still […]
Corporate Buyer….learn your lessons and be careful with your “experience”
I just left a buyer meeting this morning at 7:30. Another broker brought a buyer who I have met before and by his own admittance has looked at over 35 businesses (hint #1). Nice enough gentleman and in course of his introduction to the seller proceeded to give his corporate resume and disgust with small […]