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
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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,
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