When selling a business just one little blunder can derail the deal. Follow these 10 commandments to ensure things off without a hitch. It’s business as usual. Don’t become so focused on the sale of your business that you aren’t meeting your daily business commitments. It’s not uncommon for your sale to take up to a year to close, so … Continue reading
Selling a franchise is different than selling a standalone business. Selling a franchise can be beneficial since the customers are loyal to the business not the owner. For example, if you buy a burger at McDonald’s you probably don’t care who owns the joint but you do care about the burger. Franchises can be easier to sell over stand alone … Continue reading
When a business owner decides to sell a business there are a number of steps that need to be completed to ensure a successful sale occurs. The sale of a business usually is not a sale of one asset. Instead, all the assets of the business are sold. Here are the steps you should consider when preparing your business for … Continue reading
Your blood, sweat, and tears went into building a successful online business. But the time has come to sell your baby. Every day there are thousands of businesses that change hands, but online businesses are more difficult to sell because there are limited channels available to ensure you get the exposure you need to get the best price. If you … Continue reading
For business owners the most popular exit strategy is selling their business. Whatever the reason for selling your business these 5 tips can help. 1. Promoting the Sale of Your Business Correctly Make sure when you are selling your business you are promoting the sale in the right way. Promoting you are selling because you are retiring or because you … Continue reading
Planning a business’s sale is important. Most savvy business buyers will fully research the business prior to making a business. No matter what asking price you set for the business, be sure you can back up its worth. Be sure you have at least three years of financial documents to show the company’s revenues. Present the previous three year’s tax … Continue reading
You are considering selling your business. You may have poured your blood, sweat and tears into it but it is time to move on. It is quite common for business owners to believe that their business is actually worth more than it is. However, it can be just as common for business owners to sell their business far below what … Continue reading
