How to find the best advisor when selling your business

How to find the best advisor when selling your business

Do-it-yourself home repairs have definitely had their moment in the sun. But for anyone that has paid attention to that trend, it quickly became apparent that having an expert remodel a home offered a considerable advantage in terms of the quality of the work. The same holds true when it comes to other big tasks, such as selling your business. Sure, no one knows the ins and outs of your business b

How to Choose the Best Deal for You and Your Business

How to Choose the Best Deal for You and Your Business

Anyone thinking of selling their business needs to be prepared to negotiate. Why? Because your goals and the buyer’s goals may be the same—to get the best deal—but that doesn’t mean the same thing for both parties. It will take time, and some give and take on both sides to arrive at an optimal deal for everyone involved. Ensuring that you are negotiating from a position of

Buying a Business: Is an SBA Loan Right for You?

Buying a Business: Is an SBA Loan Right for You?

The Small Business Administration (SBA) is an agency of the US government that supports entrepreneurs and small businesses. It is the duty of the SBA to “aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns.” A major function of the SBA is partnering with banks, credit unions, and other lenders to provide loans for said entrepreneurs and sm

What's the Difference Between the Listing Price and the Selling Price?

What's the Difference Between the Listing Price and the Selling Price?

If you’ve ever bought a house, you know that the appraised value isn’t what the house typically sells for in the end. It isn’t even what the sellers will use as the listing price in most cases. Most houses sell for a price that is more (or less) than what the seller asked for it. The same holds true for a business being sold. Why aren’t the listing price and the selling pr

Selling Your Business? Quiz Yourself First With These Must-Ask Questions

Selling Your Business? Quiz Yourself First With These Must-Ask Questions

From Forbes If you’ve reached a point where you’re considering selling your business, there is a lot to consider. You might already have some of your own concerns or questions jotted down—that’s great, and will help. Before even considering the sales process, let alone starting it, here are five questions that every business owner needs to ask. 1. Is the business ready f

How Inflation Impacts the Sale of your Small Business

How Inflation Impacts the Sale of your Small Business

From the pandemic’s supply chain issues to the current worries over rising inflation, many small businesses have been struggling to adapt to the sudden shifts of today’s economy. With inflation in June hitting 9.1%, more than the Dow Jones estimate of 8.8% for the month, more and more businesses are worrying about how exactly inflation has and will impact their business, and if now is

What Does it Cost to Sell a Business

What Does it Cost to Sell a Business

When you sell your business, you expect to make money—not spend it. But as the saying goes, you have to spend money to make money. The question is, how much? The answer isn’t always clear. However, most brokers agree that a certain amount of due diligence is necessary when preparing a business for sale. That means retaining qualified professionals to look over your books, guide you th