To sell your small business, there are some very crucial steps to take before the listing. For one, it is very important to understand your business’s value in the marketplace. Obtaining a valuation allows you to thoroughly understand a business’s financials and their value in the marketplace, and give you an understanding of the price at which you should list your business for sale. Before
Working with Lawyers to Get Your Deal Closed Randy J. Bring, RA., CBI, CM&AP In my 20 years as a Business Broker, I have dealt with probably a few hundred attorneys. While they are all different, some great, some certainly less than great, I have learned a few things along the way about working with them. Importantly, I have learned how to create a professional alliance with the lawyer(s
THE LIFE CYCLE OF YOUR BUSINESS What is the Sigmoid Curve and why should you care? If you are a business owner, you are the only person in your organization that has a thumb on the pulse of your business's life cycle. The Sigmoid Curve is a model for consistent business growth. Yo
The United States is a very large country where every state can sometimes feel like its own small country. The differences in cultural identity, available resources, and historical integrity means that each state and their corresponding cities are likely to have different thriving industries. Spread out between Oregon, Missouri, Florida, and Texas, the top 12 cities for entrepreneurship have seen
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The services of a business broker are, typically, enlisted by the seller. From the seller's perspective this is often a real bargain: a professional business broker will weed out the 'tire kickers' to help find the perfect new owner for the business - one that has the right experience, sufficient money and realistic expectations. From the buyer's perspective, however, the bu
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Selling your business is an important step in your career - almost as important as beginning it. Knowing how and whom to sell your business to is not a process to be taken lightly. Similarly, being in the market for a new business can be tedious. In fact, almost every article you will find online both buyer and seller will argue for hiring a broker because it is a lot to figure out on your own. Th
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In order to determine the worth of a business, there are multiple factors to consider. It goes beyond how much money is made on an annual basis; in fact, all aspects of its past, present, and future are considered. It can seem daunting to try to calculate this on your own. For this reason, a proper business valuation must be conducted. This is the first step you will need to take when working to
Buying a business is not a decision you have come to lightly. In fact, the decision to purchase a business is only the beginning of the process. Before signing on any dotted lines, a savvy entrepreneur must do their research. When doing this research, you need to be mindful of certain red flags. However, when researching businesses to purchase keep in mind that some red flags you may see in busine
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Whether you are looking to sell, acquire, or merge, one of our professional Transworld Business Advisors is available to assist you through the process and beyond. At Transworld, we have a mergers and acquisition (M&A) department with a dedicated team of professionals specializing in larger transactions. Depending on the transaction type, you can work with an experienced Transworld Business Brok
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A business's true worth is often far more than the value of its individual parts. When buying or selling a business, goodwill represents the value of the business that is above and beyond the worth of separately identifiable tangible business assets. Unlike physical assets, like buildings or equipment, goodwill is an intangible asset. What Are the Factors that Contribute to the Creation of Busi
Business brokers, also called business transfer agents, or intermediaries, bring many benefits to the table for buyers and sellers as they assist in the process of buying and selling a business. Transworld Business Advisors is a global network of brokers offering a turnkey solution for those that want to build a solid business and future for themselves while maintaining a balanced quality of lif
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A good business broker will find you a reputable buyer and confidently walk you through a complex sale process. This will include helping you to determine a sensible price tag and negotiating a deal to bring a smile to your face. Of course, the tricky part of this strategy is always going to be recognizing a good broker when looking to sell your business. Let's look at a few of the tell-tale si
