How Much is My Business Worth? Understanding the Different Standards for Valuating Your Business

How Much is My Business Worth? Understanding the Different Standards for Valuating Your Business

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 meth

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

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 help you maximize the value of your business.

Considering Selling Your Business? Tips for Keeping Your Potential Sale Confidential

Considering Selling Your Business? Tips for Keeping Your Potential Sale Confidential

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

What Happens to Cash When Selling a Business?

What Happens to Cash When Selling a Business?

Money can be considered a taboo topic of conversation in some circles. As a rule of thumb, you do not speak about salaries, debt, or the cost of your most recent vacation with friends or family, do you? We understand that, but when it comes to selling a business, we need to talk about money, and more specifically, cash. What is cash and how does it affect your business when you are selling it? Wh

Finding the Right Business to Buy

Finding the Right Business to Buy

A lot has certainly changed since this time last year, therefore, inevitably so have the markets. And maybe you have decided it’s time to own your own business and do what you’ve been putting off for years. As a potential buyer or entrepreneur, it is important to understand which industries you might be interested in, what types of businesses find success in your area, etc. i

Can I Sell My Closed Business?

Can I Sell My Closed Business?

The market has experienced one of the most sudden and, for some, catastrophic economic declines in our history. There is no shame in feeling a little bit like you are between a rock and a hard place – having to decide whether to possibly close a business or sell a business. The important fact is, this is not a reflection of you, your work ethic, professionalism, or entrepreneurship. In fact,

How to Value Your Company After COVID - It May Not Be As Difficult As You Think

How to Value Your Company After COVID - It May Not Be As Difficult As You Think

It is officially 2021, and what was quite possibly the most challenging year for your company is behind us. The effects of COVID-19 are still apparent as the pandemic continues to claim lives in high numbers every day. Effective vaccines are giving us hope for significant improvement in the 3rd and 4th quarters of 2021. What does this mean for you or your business? Inevitably, because ma

Strategies for Adding Value to Small Companies Over Time

Strategies for Adding Value to Small Companies Over Time

Now more than ever, we want to figure out how to make our businesses more valuable. With small businesses being affected the most during the COVID-19 crisis, strategies for adding value are vital, and also very possible. Let’s take a look at some changes you can make to increase value in your small company long-term. Instant Gratification: Faster Service & Faster Delivery In the age of

TRANSWORLD EARNS TWO BEST OF THE BEST AWARDS

TRANSWORLD EARNS TWO BEST OF THE BEST AWARDS

TRANSWORLD BUSINESS ADVISORS EARNS TWO BEST OF THE BEST AWARDSNamed Best Business Brokerage Firm from City View Magazine and Knoxville News Sentinel KNOXVILLE -- Transworld Business Advisors of Knoxville has been selected the 2020 Best Business Brokerage Firm by community votes in both the Knoxville News Sentinel AND City View Magazine.   Each year, both publishers have a website for the co

Valuations in Small Companies: Why They're Important & How to Increase the Value of Your Business

Valuations in Small Companies: Why They're Important & How to Increase the Value of Your Business

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 busi

Rutherford Recognized as '40 Under 40' Honoree

Rutherford Recognized as '40 Under 40' Honoree

  DREW RUTHERFORD NAMED AS KNOXVILLE '40 UNDER 40' HONOREE   Drew Rutherford, Senior Business Advisor for Transworld Business Advisors, has been named one of the recipients of the prestigious Knoxville's 40 Under 40 for the Class of 2020. Rutherford was chosen due to his community involvement and service of giving back to others.   Drew gives back to numerous non

5 Reasons Business Brokers Improve Closing Rates

5 Reasons Business Brokers Improve Closing Rates

IS A BROKER WORTH THE EXPENSE? Hiring a business broker may seem complicated and an unnecessary expense to someone who is trying to save money and simplify the sale of their business. Why add more to your long list of to-dos when you have enough going on? Well, the thing is, a business broker is so much more than just an extra set of hands. Studies have shown that working with a broker increases

Transworld Hires Sheila Hansen

Transworld Hires Sheila Hansen

TRANSWORLD BUSINESS ADVISORS HIRES SHEILA HANSENHANSEN WILL FOCUS ON SEVIER COUNTY KNOXVILLE -- Transworld Business Advisors announced today that Sheila Hansen has joined the company as a Business Advisor.  Sheila is a small business owner herself and will help buyers find good businesses and/or franchise opportunities, and helping sellers find good buyers. She will focus her efforts in the

Steps to Selling Your Business For the Right Price

Steps to Selling Your Business For the Right Price

Are you ready to take the next steps in your career? Are you hoping to sell your business but unsure of where to begin? Follow these simple steps for selling your business for the best price and wherever you need an extra hand, we recommend you reach out to an experienced business broker for guidance.  1.      Business Valuation A business valuation is alw

Main Reasons for Selling a Business

Main Reasons for Selling a Business

There are many reasons why a business owner decides that the time has come to move on from the business and begin to look for the right buyer. We will cover the most common causes are retirement, relocation, ready to do something else, health issues and the five D's. Retirement The most common reason for selling a business is because the owner is retiring.  -63% of privately-owned b

Smart Business Owners Plan Their Exit Strategy

Smart Business Owners Plan Their Exit Strategy

How can I maximize the value of my business? As a Transworld Business Brokerage, we are asked this question frequently. In this section, we will discuss the steps and strategies that a business owner can employ when preparing to sell a business. The key is preparation – the better prepared your exit strategy is, the higher the selling price it will command, and the more likely

Acquiring a Business in Uncertain Times

Acquiring a Business in Uncertain Times

The current situation is extraordinary, with many countries experiencing COVID-19 lockdowns, which is proving challenging in the business arena worldwide. Some industries will be adversely affected, as will certain types of businesses, which is a heart-breaking reality. But based on what we have seen in the past, economic uncertainty can also prove beneficial, especially for those who have been po

SBA Loan Assistance Program/Lease Assistance

SBA Loan Assistance Program/Lease Assistance

We hope that you, your families, and your employees are safe and are doing what’s needed to get through this crisis.   We want you to know that Transworld Business Advisors will remain active to continue to work on your behalf.  Below are some strategic financial tips to consider preparing for today with the ever-changing situation.The U.S. Small Business Administration (SBA

Understanding the Transworld Buyer Qualification Process

Understanding the Transworld Buyer Qualification Process

Let’s examine the buyer qualification process from business owners looking to sell their company. A common question we receive from owners is, “How do we find the right buyer for a business that is for sale?” For good reason, business owners are concerned with the legacy of their company and want to ensure there are checks in place as potential buyers move through the buying proc

Steps to Launching a Business and Entrepreneurship Options

Steps to Launching a Business and Entrepreneurship Options

As you begin the process to become a business owner, there are certain steps all new owners must follow to be compliant with the local, state and federal government. How do you legally start a business? There are three main aspects of legally starting a business: - Corporate Structure - Tax Identification Numbers - Entity Registration The corporate structure you choose can influence everyt

Ready to Become Boss Free in 2020?

Ready to Become Boss Free in 2020?

READY TO BE BOSS FREE AND BECOME A BUSINESS OWNER? Are you ready to become the boss instead of reporting to one? Do you have an entrepreneurial spirit that is ready take the reigns of your own work schedule? There is no particular path to becoming a business owner or becoming an entrepreneur. Each person has to navigate their own course. The most typical ways of becoming an owner are: - Starting

Transworld Business Advisors Hires Drew Rutherford

Transworld Business Advisors Hires Drew Rutherford

  Drew Rutherford: Former GM Of All Occasions Party Rentals Knoxville -- Transworld Business Advisors announced today that Drew Rutherford has joined the company as a Senior Business Advisor.  Drew recently served as General Manager of All Occasions Party Rentals for the past three years. Rutherford established and ran Tailgate Tennessee since its inception in 2012. Rutherford was also

Transworld Business Advisors Earns Best Of Knoxville Award

Transworld Business Advisors Earns Best Of Knoxville Award

  Knoxville - Transworld Business Advisors of Knoxville has been selected for the 2019 Best of Knoxville Award in the Business Broker category by the Knoxville Award Program. Each year, the Knoxville Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positiv