If you’re ready to level up, reach out to a potential advisor today—your future self (and your business) will thank you. What’s one area where you could use external expertise? Share your thoughts in the comments!
industry
industry
What’s Your Business Really Worth?
The market approach compares your business to similar companies that have recently sold. Think of it like real estate comps. If other businesses in your sector, size range, and geography are selling at 2.5x SDE (Seller’s Discretionary Earnings), that becomes a benchmark.
Debunking the Myth: How Easy It Is to Secure SBA Financing for Your Business
SBA lenders favor buyers with experience in the industry of the business they’re purchasing. This doesn’t mean you need to have owned a similar business, but having a background in the same or a related field reassures lenders that you can manage the business effectively. For example, a buyer with restaurant management experience is more likely to secure financing for a food service business than someone with no relevant background. A well-crafted resume highlighting your expertise can make a significant difference.
Automotive Business – Industry Spotlight
There is no shortage of choice for those interested in buying an automotive business. And the good news for sellers of automotive businesses is that sales are brisk in the industry, as the used car market’s popularity encourages repairs of all kinds to existing vehicles. Also, U.S. consumers are buying more cars than ever before, […]
Industry Spotlight: The Business of Making Art
The art industry is lucrative and incredibly popular among consumers. In fact, the art and culture market is estimated at 150 billion US dollars annually – not including spending on museums and exhibitions. Whether you are in the market to buy or sell an art business, there is never a wrong time to begin. Since […]