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

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

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,

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

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

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