The 3 Key Takeaways from BizBuySell's 1Q2021 Insight Report

The 3 Key Takeaways from BizBuySell's 1Q2021 Insight Report

One year after the onset of the pandemic, aspiring entrepreneurs continue to flock to high performing businesses. This resulted in median sale prices to jump 30% compared to Q1 of 2020, according to BizBuySell's Insight Report, which tracks and analyzes U.S. business-for-sale transactions and sentiment of business owners, buyers, and brokers. Sold businesses report 15% year over year increas

3 Small Business Ownership Myths Debunked

3 Small Business Ownership Myths Debunked

As business brokers, we often hear that people's dreams are to be their own boss. Making money doing something you love and grow through your own efforts is one of the most common desires of someone purusing the entrepreneurial dream.Here’s the thing—many people are too afraid to pursue business ownership because they have have misconceptions about what actually goes into owning a

How to Value Your Business Post-COVID

How to Value Your Business Post-COVID

Now that we are well into 2021, we can now acknowledge that last year was quite possibly the most challenging year for your company. 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 busines

Could following your passion be the perfect business move?

Could following your passion be the perfect business move?

Remember being 18 years old and full of equal parts curiosity and terror when you thought about your future? It was easy to get excited!  Were you drawn in by Art History 101 your freshman year? Did you find a passion for guitars sparked by a gig at a music store? Or perhaps you began experimenting with culinary creations while living on your own for the first time. Oftentimes, these bi

A Paradox of Opportunity & Uncertainty: The BizBuySell 3Q 2020 Report

A Paradox of Opportunity & Uncertainty: The BizBuySell 3Q 2020 Report

The 3Q 2020 Insight Report from BizBuySell, which is the result of extensive surveys of business brokers on small business purchase and sales activity, as well as buyer and seller confidence levels, provides the best information on what is going on in the market.  First, we have the good news! There continues to be a steady upward trend in small business sales since the pandemic hit back in

IBBA Market Pulse Report Calls Small Business Market "Shaken But Resilient"

IBBA Market Pulse Report Calls Small Business Market "Shaken But Resilient"

In addition to the BizBuySell Insights report highlighted in our prior blog, the International Business Brokers Association (IBBA) released the Q2 2020 Market Pulse report. Not surprisingly, it had similar conclusions as the economy is still uncertain, and it appears that things may not return to “normal” until at least 2Q 2021. This report takes a particularly close look at how CO

Business Opportunities in the New Economy

Business Opportunities in the New Economy

With the current situation, many people have lost their jobs, or are disillusioned with their current situation. People have been furloughed, taken a salary cut, or decided to retire a little ahead of schedule. The coronavirus has created a new reality for millions of people around the world. And while there’s no guarantee of when life will normalize, or what work will look on the other side

Small Business Emergency Plan - BRIDGE Plan

Small Business Emergency Plan - BRIDGE Plan

In such a singular moment in our global history, our thoughts continue to dwell on our fellow small business owners. As an entrepreneur, nimbleness and perseverance is in your DNA! We will be able to rise above this challenge, and we can anticipate a future beyond this pandemic, if we plan accordingly. As a prospective buyer, this could also be a good time to get your ducks in a row and be ready t

COVID-19 Updated Resources for Small Businesses

COVID-19 Updated Resources for Small Businesses

We’ve all been living with COVID-19 for weeks, and we’ve all had to make sacrifices and hard decisions. How are you holding up? First, we'd like to share some positive perspective with you. In this episode of The Deal Board podcast, our experts discuss the effects of COVID-19 on small business. This podcast includes plenty of opportunities you can plan to act on. Take a liste

How to Finance Your Business Purchase

How to Finance Your Business Purchase

You’ve caught the entrepreneurial bug and you’re ready to purchase a small business. Maybe you’ve even found the exact local company that’s a perfect fit for you. Whether you’re just starting out, looking for a change in career, or transitioning into a working retirement, your deal begins and ends with proper financing.  If the word financing sends a little shiv

3 Steps To Your 2020 Exit Planning

3 Steps To Your 2020 Exit Planning

2020 is fresh, and hopefully so are your eyes for the future. Whether you’re a resolution setter or you’re still trying to find an intention for the year, planning is a must-do for success in your business. If you’re a small business owner, maybe your resolutions include selling your business and starting an all new journey. No matter where you are on the path of small business

Five Things to Consider Before Buying a Business

Five Things to Consider Before Buying a Business

There are 28.8 million small businesses in the United States, employing more than 58 million people, according to the Small Business Administration. These small businesses (with less than 500 employees) represent over 99% of the businesses in the United States! Entrepreneurs think that they need to develop their own plan and build it from the ground up. However, you can purchase an existing busin

The Four Key Attributes of a Great Business Broker

The Four Key Attributes of a Great Business Broker

  When someone is looking to sell their business, or become a small business owner by purchasing a business, they often don’t know where or how to start the process. An effective business broker can add significant value to both parties in the transaction, but only if the broker is effective. There are four key attributes that define a great business broker, and all are equally importa