How to Create a Franchise System

Your success in building a business may at some point cause you to wonder if the next step forward could be creating your own franchise system. Before moving forward, some key vocabulary you will need to understand: Franchisors – a person or company that grants the license to a third party for the conducting of… read more

5 Questions to Ask Yourself Before Buying a Business

Once you have made the important decision to take control of your financial future by buying a business, you are bound to have questions about the purchasing process. Although the process of buying a business can be a bit confusing, answering five key questions even before you start your “Buying a Business Checklist” can help… read more

Top 5 Myths About Selling a Business

When you’ve never done it before, selling a business can seem a daunting prospect. Though it’s not like selling property or an automobile, one principle nevertheless remains the same: if you want a good selling experience, you must take time to understand what the market expects and appreciate what it can, and cannot, deliver. In… read more

Business Buyer Personas: Exploring the Different Types of Potential Buyers for Your Business

There are many reasons why people seek to buy businesses. In this article, we outline the three main types of buyers that prospective sellers are likely to encounter: Individual Buyers, Strategic Buyers and Financial Buyers. Since each of these buyer types comes with their own unique interests and behaviors, understanding their personas and motives can… read more