When it comes to choosing the best state for business, Texas consistently emerges as a top contender. With a ranking of #6 in a recent CNBC analysis, Texas proves to be a powerhouse for businesses seeking growth and success. Let’s dive into why Texas stands out as a premier destination for entrepreneurs and companies alike. Pro-Business Policies and Environment Texas is known for its pro-b
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Trust and communication are essential no matter what kind of relationship you are in—business or otherwise. They are the cornerstones of building successful client relationships in business brokerage. But knowing you need trust and communication is not the same as having them. Here are some tips on developing these qualities to build a healthy partnership. Steps to building client r
In the dynamic landscape of business ownership, staying ahead of trends is crucial. Whether you're an aspiring entrepreneur or a seasoned business owner, understanding the current market trends can significantly impact your success. If you want to improve your entrepreneurial skills in the coming months, there are some key trends you should be aware of when buying and selling businesses in 2024.&n
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From the wheel to the steam engine to computers, technology continues to evolve and shift how we live our lives. The speed and power of computers have doubled about every two years over the last 60 years, which has enabled us to go from computers to go from weighing 30 tons and taking up 1,800 square feet of space to the world’s current smallest complete, operational computer that measu
Read More “Understanding the Role of Technology in Modern Business Brokerage”
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
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As the financial recovery from the pandemic continues, Transworld Houston’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. Wh
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 Houston our latest Market Report shows you’re choosing the best. Let’s dive into Transworld Houston’s small business transaction activity for 2022 and learn more about what sets Transworld Houston’s business advisors a
As a business owner, you have likely spent hours, days, months, or even longer agonizing over whether to sell your business. While in a perfect world, the hard part would be over, the reality is making the decision to sell is simply the first step in a complicated process. Fortunately, there are ways to simplify the experience. To start, it's a good idea to have a checklist of what steps to expec
Business owners are like diamonds—no two are alike. The same holds true for why a business owner opts to sell their business. Each business owners’ reason for selling varies and will be based on a variety of calculations from preparing for retirement to wanting to start a new venture. The process of deciding to sell can be difficult and drawn out. However, once the decision has been m
Read More “I'm Ready to Sell, Where do I Start? Steps to Selling your Business”
The Small Business Administration (SBA) is an agency of the US government that supports entrepreneurs and small businesses. It is the duty of the SBA to “aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns.” A major function of the SBA is partnering with banks, credit unions, and other lenders to provide loans for said entrepreneurs and sm
Read More “Buying a Business: Is an SBA Loan Right for You?”
Yes! As an entrepreneur, you may romanticize the idea of being your own boss. The question is, how do you get there? The first thought is often starting your own business. Although that has numerous advantages, starting from scratch understandably comes with challenges. It is important to note that being an entrepreneur is not limited to starting a business from the floor up, in fact, th
As we enter the middle of the year, we still do not see a true end in sight for COVID-19. It can be frustrating – not knowing how much longer plans for going to concerts, vacations, and other treasured activities may have to remain on hold. Thankfully, we are here to tell you that the plan to sell your business does not need to be one of those. When you have a solid business (one that is lik
COVID-19 has created quite the global crisis. There is no country, industry, or person left on the planet that can honestly say they are unaffected by this virus. Whether directly through the loss of a loved one or the loss of a job or indirectly through changes in daily life; not to mention, the economy has seen better days. That said, this does not need to stop your aspirations of buying a busin
As a small business owner – especially one very content in their current state, it is very possible that the idea of selling could not be further from your mind. However, planning for what may come in the future has never hindered anyone. In fact, it may help you in the long run. There are certain measures you can be taking right now that do not add any major work but can be highly beneficia
With more and more businesses entering the market every day, it might be daunting to consider joining that number. However, now just might be the time for you to sell your Houston business. The question is, how do you set your business apart from the rest? To figure that out and do so intelligently, you need to consider what a buyer is looking for when buying a business. Once you understand these
Read More “What are common desires Houston buyers look for in buying a business?”
A business merger is often compared to a marriage. Much like that romantic union, a business merger involves consolidating two companies into one. Often confused with an acquisition, a business merger is different because this scenario involves the creation of a new entity – while an acquisition is one company bringing another into its fold. Of course, there are a number of important questio
Houston is not only the fourth-largest city in the United States, but in recent years, it has also seen economic growth when not all the rest of the country has been so lucky. In fact, the city saw some of the nation’s sharpest declines in unemployment – creating nearly 80,000 jobs in recent years. Economists attribute some of this growth to the increase in demand for the production of
Read More “Business is Thriving in Houston as the Fourth-Largest City”
The purchase of a business is a significant investment which should not be taken lightly. Therefore, you should understand the power and importance of asking the right questions before making a major decision. Here are 10 questions buyers shouldn’t be afraid to ask when buying a business. Why are you selling? It is not too much to ask to find out the owner’s motivation for the s
Small businesses are essential for local culture and are a major part of communities of any size. However, with competition from large corporations who can afford to make their products and services more affordable for consumers, it’s sometimes tough to be a small business. There are 4 major challenges you may face as a small business owner but thankfully, there are solutions. Funding
Finding the perfect business to purchase is not an easy feat. However, acquiring a loan to officially buy the business is often the most trying part. Before a bank approves a loan, you and the business have to meet some high standards. Since every case is as unique as the business itself, there are three main loans to consider when attempting to purchase an existing business. 1. SBA Loans SBA
Read More “Understanding What Financing Options Exist When Buying an Existing Business”
As an aspiring entrepreneur, you may have reached the point when you are trying to decide between starting your very own business or purchasing one. There are a number of reasons to start fresh, but arguably, there are even more reasons to buy an existing business. From retiring Baby Boomers to greater diversity in business ownership, there are several arguments for why now is the right time to
A business is like a child - it takes passion and countless hours of dedication to nurture it into something successful. The fact is, a business is a manifestation of your passions and aspirations. That being said, with countless small businesses opening daily, it is difficult to guarantee that your business will stand the test of time. However, you do not need to put your entrepreneurial dreams o
Read More “Advantages of Purchasing a Business vs. Starting Own Company”
Once you have come to the decision to buy a business, you may be both excited and anxious about the next steps. Once you have chosen the industry and perhaps even the type of business, there are a number of items to review as you move forward in the process. Here are 5 factors to consider before buying a business: 1. Business Valuation Before anything else, it is important to determine if the li
Have you ever considered selling or buying a business in the Houston area? Transworld Business Advisors of Houston (TBAH) is the city’s number one business broker for a reason. Their team of experienced business brokers has a combined 270+ years of experience in business sales, personal business ownership, and more. Their local buyer database consists of over 10,000 qualified Houston buyers
Looking to buy or sell a business in Houston? Transworld Business Advisors of Houston has you covered. Our experienced professionals know about Houston’s major industries which will help you when making a purchase or sale decision. Houston By the Numbers Houston’s mix of international appeal and Southern charm have captured the attention of corporations and entr
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Transworld Business Advisors of Houston is active in all industries, from services to manufacturing. Child care, including day cares and learning centers, is a business industry in which many have sought to purchase or sell. Child care is a hugely important part of American life and a key contributor to the economy. According to First Research, the US child care services industry includes
