The day will come when you may have to walk away from your business and begin a new chapter of your life. Quite often, businesses are transferred from one family member to another – many times from parent to child. If you have reached that well-deserved retirement, here are factors to consider when transferring your business to a family member. 1. G
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As the owner of any size business – growth is what motivates every financial and marketing decision. Not only is this completely normal, but it is also encouraged. New generations have different interests. What motivates consumers to invest their money is often influenced by the current economic or political climate. For instance, Generation Z is much more concerned about making eco-consciou
Be ready this year! View our Pre-Sale Checklist for Selling Your Business Starting fresh in the first quarter is always a perfect time to plan for the coming year. As a small business owner, you might be thinking about selling your business. Whether the reason is early retirement or the desire to invest in a new endeavor, there are definite steps you can take to prepare your business for sale. Co
The road to reach closing is a long and tedious one. As a seller, working with your broker, you have already gone through business pricing, organizing financial documents, and working on the offering package. After all of that, there is still the process of meeting and negotiating with potential buyers with your broker until you have found the right one. Likewise, as a buyer, you have had to work
In order to predict business trends in 2020, one must reflect on the previous year. As we enter into the first months of this new year, let’s take a look at some of the fastest-growing new industries in the United States. Wind Turbine Installation Automated Guided Vehicle Manufacturing Solar Power Social Networking Platforms Telehealth Services Peer-to-
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Your business's social media presence, particularly on LinkedIn, can make your business more attractive to potential buyers through goodwill and branding. We live in the digital age – the era of the Internet and social media. It is rarer now to find a restaurant without Wi-Fi than ones with it. Therefore, it should come as no surprise that businesses are only encouraged to have a social
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Cannabis is an industry that has been relevant for many years but had a generalized focus on medicine. Today, it has been more and more accepted for recreational use. That said, there are two components of the plant that have very different effects on humans - THC (tetrahydrocannabinol) and CBD (cannabidiol). These two components make up two different aspects of the cannabis industry - from recrea
The hospitality industry in America is changing, and all the businesses under its wings should. If you need to modernize your bar business and increase the satisfaction of your guests, then there are some trends you need to consider. To start you off, here is a highlight of five key industry trends that you can incorporate into your bar. 1. Technology From robots to virtual and augmented
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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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As a business owner or entrepreneur, you may have heard of bitcoin. Whether you fully understand what it is or not, the word is used often in every media platform. You may have heard of its strength, fluctuations, and many financial experts claiming it is the future of finance. There is no doubt that whether or not you fully grasp the use or importance of blockchain or bitcoin, that it is worth re
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According to Investopedia, an exit strategy is defined as “[...] an entrepreneur's strategic plan to sell his or her ownership in a company to investors or another company.” An exit strategy gives a business owner the capacity to reduce his/her stake in the business. If a business is successful, the business can make a substantial profit, but if the business is not highly successf
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A franchise is easily defined as a local storefront of a nation-or state-wide business. This means that as a franchisee, a person owns one of potentially many neighborhood versions of a larger corporation (i.e., McDonald’s, Applebee’s and Signarama). Although there is someone who represents the head of the company in a corporate context, a franchisee owns their business. Once the init
Whether you are buying or selling a business, there are several actions that are required from both parties. From establishing the price and starting negotiations to reaching an agreement and writing a check, business transactions have a specific timeline. With reputable expertise to advise buyers and sellers, experienced brokers have perfected the buyer/seller timeline. Here are some easy-to-foll
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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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You know what they say: New year, new you. If 2018 is the year you want to pursue your business dreams, look no further than Transworld Business Advisors to help those dreams come true. With years of experience in the franchise industry, Transworld’s professional business advisors have the industry insights and continually build upon their experiences to identify the latest trends. There are
Your business is a success so now you are considering expansion. You want to build on your existing strengths and reap the benefits of your hard work. But should you franchise your blueprint for others to follow, or clone your existing business in new locations? Answering that question correctly is the most critical decision you will make. So, here’s a rundown of what you should to take into
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[caption id="attachment_831" align="alignnone" width="992"] Confidentiality Hacks[/caption] A large part of the value of any business is linked with its reputation. However, when an enterprise is put on the market, its good name can be one of the hardest things to protect as the sale process evolves. Rumors may begin to circulate once employees, customers, and suppliers notice a sudden interes
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We've debunked the misunderstandings that leave so many sellers woefully unprepared when they put their business on the market.[/caption] 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 un
Although we often hear about how mergers and acquisitions (M&A) offer companies exceptional growth opportunities, we rarely hear about how well the cultures of the combined companies mesh. That may be because this combination of corporate cultures is often more like a culture clash — and it can result in extremely negative consequences for many businesses unless it is properly addressed at
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Knowing what your business is worth is key to selling it at a profit. Your business valuation is also likely to be the first concern of potential buyers. So how do you properly determine the value of your business? The answer can be complex and somewhat confusing because business valuation is an art, not a science. Valuations are subject to the appraiser's judgment, skill, and quality of method
If you're considering buying a business, knowing some of the top businesses in 2016 that are growing the fastest can benefit you greatly. Carefully selecting from a list of profitable industries can ensure you choose the right direction that suits your needs and maximizes your profit. Why guess, when you can hold the cards in your hand? Top Industries for Growth in 2016 Internet growth, environm
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Determining what is the right time to sell a business can be an emotional process. Investors, employees and relatives who have all contributed to sustaining the business or are depending on the business for their livelihoods can elevate tension when making the final decision to sell. Since 44% of recent buyers look online first to buy, having professional guidance from a business advisor that can
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Buying or selling a business can be a stressful time. Choosing an adviser to help you through the critical steps in the process is key to a successful transaction. From research to close, it is important to understand what your business broker will do for you, know the costs associated with hiring a broker, and conduct a careful evaluation of their track record and success. What Your Business Br
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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 help you maximize the value of your busines
When you are packaging your business for sale, the uniqueness of your business makes it more attractive to acquirers. Having unique factors such as a defined brand identity, along with practical qualities. like a dedicated customer base, is hugely beneficial to prospective buyers. Here are some examples of features that make a business stand out from the rest: Brand name A good name can attract
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From a recognized brand to a proven trading history, find out why an established enterprise is a safer, less stressful route to entrepreneurial success. Is it better to start your own business or buy an existing one? The smart solution is arguably to purchase a proven enterprise and make it your own over time. Here are 10 reasons why doing so it's generally less risky, less stressful and more
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There are many search tools available on the web to locate potential businesses for sale. These listings provide a snap shot of the opportunity for the prospective buyer. Working with a business broker helps potential buyers to not just find an opportunity but also evaluate the right opportunity. Beyond the business listing, here are some core things to look for when evaluating the right busin
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Need to advertise that your business is for sale? Even the most successful business owners often lack the experience and time to advertise that their business is for sale while running day-to-day business operations. Fortunately, working with a business broker can help you target and reach potential buyers for your firm while keeping the potential sale of your company confidential. Additionally, w
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When considering selling your business, it is crucial that the potential sale remains confidential. Having employees, customers and vendors learn of a possible sale can have devastating consequences on the business. For instance, customers may leave, employees may seek out other opportunities and the valuation of your business may decrease. These problems may weaken your bargaining position as you
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A company acquisition is a great selling option for owners of high-earning, high-growth companies that need more capital or expertise, or simply wish to sell the business to a larger company. Whether your goal is to raise capital for your growing company or find a strategic buyer to complete an acquisition, working with a broker who can guide you through the process is key. Representing yourself i
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While we hear a lot about starting a business, it is not every day that we hear about leaving a business. There are many reasons why people consider exiting a business; no matter the reason, it is always good to ensure that you meet your business goals and get a fair return on the sale. There are several exit strategies a business owner can choose from when they have decided the time has come to e
If you are interested in running a business but do not want to go through the process of developing an idea and getting it off the ground, you might consider buying an existing business. Below are a few of the many benefits of buying an existing business along with a couple tips that potential buyers should keep in mind before making a purchase.Advantages of Buying an Existing BusinessSkip the sta
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