You know how to operate your business, and you’ve built it into a very successful enterprise. Congratulations! However, the time has come to move on, whether it is for a new challenge or to kick back and enjoy the fruits of your labor. No matter the reason, you are ready to sell. However, too many small business owners mistake the knowledge they have accrued running their business as giving
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When the decision has been made to sell your business, the next step is perhaps the most crucial of all: determining the value of your business. There are several ways this can be done, but it isn’t an exact science. For that reason, it is essential that you seek out a trained broker to help you determine how much your business is worth. But don’t expect that broker to tell you
Read More “Valuing Your Business: How Business Brokers Determine Worth”
Many business owners may think that the tough part is over once they make the call to sell their business. While there’s no doubt that decision can be hard, there is still work to be done. Owners must adapt their business environment to continue running without them. Working with an experienced broker can make all the difference as a company shifts towards new leadership. Thinking Of
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
Read More “How to Find the Best Advisor When Selling Your Business”
During the last 25 years, the U.S. and the world experienced two major economic upheavals. First, the Great Recession from 2007 to 2009 took about ten years to recover from completely. Then there was the financial crisis brought about by the COVID-19 pandemic and the subsequent lockdown. As a result, the term “recession-proof” has become quite common — whether among those in busi
As the financial recovery from the pandemic continues, Transworld’s Main Street Market Report found that business acquisitions were up more than 32% from 2021 to 2022. This rebound is great news for buyers, but to fully understand the uptick, let’s drill down into who is currently looking to sell their businesses and which demographics are primed to make a purchase. Who’
Selling your business is a big decision. Equally important is finding the right business advisor to help you navigate the process. When you select Transworld San Diego North our latest Market Report shows you’re choosing the best. Let’s dive into Transworld San Diego North’s small business transaction activity for 2022 and learn more about what sets Transworld San Diego North&rsq
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
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How challenging can selling a business be? On the surface, the prospect appears simple. First, you have a business and want to sell it, then you share that information and wait for a buyer. But the reality is both more complicated and more nuanced. Using a broker takes the pressure off you so you can focus on your business operations. Few business owners understand everything involved in
When it comes to running a successful business, having the right team of advisors by your side is crucial. But not all business advisors are created equal, and it can be difficult to know how to find the right one for your company. In this blog post, we'll take a look at the top qualities and qualifications that every reputable business advisor should have and show you how Transworld's team of adv
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It is early in the new year and it is a great time for fresh starts. For many business owners, that might mean considering selling their business. If you're thinking about selling your business in 2023, there are a few key steps you'll need to take to ensure that the process is as smooth and profitable as possible. In this blog post, we'll share some tips for selling your business in 2023 a
The beginning of the year marks a fresh start. It marks an opportunity to set new goals, make new plans, and create new habits. It’s also a great time to buy a new business. The first of January is not only a good day to start a new business because of a new year’s resolution, but it also has very specific advantages – all to do with timing. First of all, if there is an opportun
Everyone in the United States has been affected by inflation in one way or another. As many of us know, what follows inflation is a recession. As a business owner, a recession can be a daunting reality, especially if you are hoping to sell your business. While our current economy is a bit unstable, you might be wondering how long it will take to sell your business. The short answer? It depends. T
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Business expansion is an incredible accomplishment for any entrepreneur. When merging or acquiring a business, it is important to have a good team behind the scenes. A deal of this magnitude can be incredibly daunting and even impossible – without the guidance of an industry expert. A business advisor from Transworld instructs, guides, mediates, and negotiates to ensure you get the best poss
Read More “Why You Should Always Use a Business Broker to Help with Your Merger”
Have you been considering acquiring a business? Becoming an entrepreneur? An entrepreneur is defined as someone who operates a business. The nature of acquiring that business, however, does not matter. That’s right – an entrepreneur is either someone who has invested in or purchased an existing business, or has started one from the ground up. The key is simply owning and/or running the
The U.S. has been experiencing one of the greatest inflations in its modern history – with incredibly high gas prices, rising food costs, and much more. However, every inflation is later met with an inevitable recession. The question is, is a recession a good time to buy a business? As an entrepreneur, knowing when to invest versus when to wait is key to making a profit. As a business owner,
An entrepreneur is defined as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” That’s right, taking risks is within the job description. However, a risk does not have to come with fear or even because of a blind decision. A wise entrepreneur equips themselves with a team of experts in the areas where
Read More “Buyers Guide: What You Need to Know When Buying a Business”
Studies have shown that 90% of business owners will fail to sell their businesses on their own. This is because selling a business is complicated. From prepping for the sale to considerations of the structure of the sale, identifying and locating the right types of buyers, negotiating the terms of the sale, due diligence, and closing. Hiring an experienced business broker can make all the differen
Once you have decided to sell your business, the first step is to organize your finances. Although this step may sound tedious, it is a vital part of the selling process. As the seller, if you would like the Small Business Association (SBA) to support the sale and your buyer with an SBA loan, organizing your financials is crucial. An SBA loan is a government-backed loan that is offered by banks a
Read More “Your Books Won't Support an SBA Loan. Are You Willing to Carry a Note?”
When you were young, you likely changed your mind about what you wanted to be when you grew up fairly often. However, the dream we started with at a young age, and the paths we have taken since are a part of our journey to becoming what we are today. In your case, that is a business owner. The time may have come to sell your business, and that is not always an easy decision to come to. A business
Read More “The Seller's Journey – Transworld San Diego North's Proven Path to Exit”
What exactly is customer concentration and how does it hurt business value? Both of these are good questions – ones that are important to understand if you are deciding to sell your business. To increase the value of your business, it is important to reduce customer concentration. What is customer concentration? Customer concentration has two definitions: When a single customer or clie
The sale of a business can come with several nuances. The key to selling your business in San Diego is understanding what to expect and what can become roadblocks. For one, if your business has an existing lease, a landlord might have something to say about transferring the lease to a new owner. Like anything else, there are pros and cons to being a renter as an entrepreneur. Let’s take a cl
Are you thinking of selling your business? When selling a business, there is a lot to organize and prepare but an often-overlooked aspect of a business sale is taxes. Working with an experienced business broker can help but it doesn’t hurt to have an understanding of tax basics yourself. When you sell your business, you’ll be bringing in some income and with income, comes taxes. How
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The decision to sell your business in the San Diego area has been made. Now, what is next? Before you can perform a business valuation and list your business for a competitive price, you will need to prepare your books by organizing your finances. Organized financial records will help to make your business more attractive to potential buyers and avoid issues when questions are asked later in the p
It’s time for some much-needed good news! The economy in San Diego is shining as bright as our beloved sun in southern California and many are expecting the 4th quarter to show people spending money they haven’t been able to spend in the last 18 months. If you have been thinking about selling your San Diego-based business, now just might be the time to get your business listed and sold
Read More “Selling a Business in San Diego? Here's What You Need to Know”
The decision to sell your San Diego County business is one only you can make. No one should be able to convince you one way or another. Your business is the result of countless hours, months, and years of work – it’s a baby you helped grow and transform. When to sell is something that should be discussed with a professional business advisor. Being prepared is the only surefire way to g
Read More “Steps You Should Take Now if You're Planning on Selling Your Business in 2022”
The selling and buying of a business in northern San Diego is not as simple as buying a pair of shoes at the store. There is more to it than swiping a credit card or writing a check. A business is composed of multiple elements such as assets, profits, staff, property, equipment, etc. Therefore, when a business is sold, ownership of more than a name and flagship is transferred to a new person. As s
Read More “Does Purchase Price of Business Include Working Capital?”
There are multiple small business loans, but one that became particularly business-saving in 2020 during the COVID-19 pandemic was the Paycheck Protection Program (PPP) loan. Backed by the Small Business Administration (SBA), there were nearly 60,000 PPP loan applications submitted as of the beginning of 2021. In fact, San Diego businesses alone were granted up to $6.1 billion in PPP loans. As you
Read More “Selling Your San Diego Business with a PPP Loan - What to Expect”
2020 is behind us, and this new year has brought some good news amidst the lingering uncertainty. With that comes the inevitable feeling of hope, and perhaps even excitement. Did you have plans this time last year before lockdowns began? Were those plans put on hold for the last 12 months? Believe it or not, you are not alone. As a small business owner in northern San Diego, we understand you felt
Can you believe 2020 is finally behind us? The year that simultaneously flew by but would somehow never end? With 2021 here, there is a greater sense of hope and excitement. Even though COVID-19 cases fluctuate up and down all over the country, there is a vaccine, some new plans, and some positive projections in San Diego and around the country. That said, the effects of 2020 are still looming. A
Read More “Forget 2020? Steps to Consider When Presenting a Bad Year to Buyers”
Are you in the market for a new business in San Diego but are unsure of where to start? Have no fear. Finding the right business to buy is not as daunting as it may seem. The key to success is understanding what you are looking for, and how to find it. Here are some tips from our experts: Prep Before you can begin your search for a business to buy in San Diego, you need to have a clear under
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The process of selling a business is not necessarily a walk in the park, even for those who have previously been down that path. There are right and wrong ways to do it and the guidance of an experienced business broker in the northern San Diego area can make all the difference. Listing your business for sale, presenting your business to others interested in buying it, and embarking on the negotia
Read More “Business Brokers San Diego: How to Choose the Right Firm”
California seemed to be hit hard by COVID, are we starting to see the light? California has been through a lot this year – one of those things being the COVID-19 pandemic. As a California resident, you do not need us to outline everything you have been through in the last seven or eight months, 2020 has not been a good year. That said, this autumn is seeing a bit of a transition and yes, we
Read More “San Diego County Open for Business: What to Expect”
Is your business for sale? If so, you have likely found it is daunting to think about actually running your business and managing your staff, while also negotiating with potential buyers. In fact, maybe you haven’t even reached that point because you haven’t been able to advertise the sale. Experienced business brokers, such as the team at Transworld Business Advisors San Diego North,
Read More “How and where to market your business in San Diego”
