Buying a business can be an exciting prospect. For many prospective business owners, owning a business is the fulfillment of a decades long dream. With all of that excitement comes considerable emotion. For this reason, it is essential to step back and...
The business sale process can be complex, which is part of the reason why it makes sense to have expert help in the form of a business broker. Legal mistakes can be very costly mistakes. A legal mistake can also bring the entire...
The great financial crisis of recent years has had a profound impact on how businesses are bought and sold. Increasingly, buyers and investors—along with key advisors and consultants—are performing more thorough due diligence examinations. As a seller, it is important to think about the buyer’s perspective...
When it comes to buying a business, nothing is more important than the factor of due diligence. For most people, this investment is the single largest financial decision that they will ever make. And with this important fact in mind, you'll want to...
So you're selling your business. Stepping out of your business requires careful, intentional thought and planning. It’s vital to have an exit plan in place. You wouldn't jump out of an airplane without a parachute, would you? Once you’ve completed that planning process, however, you'll face...
The odds are that you've put a great deal of yourself into your business. Inevitably, the day will come when you have no choice but to walk away from your business and begin a new chapter of your life. Quite often, businesses are...
There are two key ingredients when it comes to selling a business: professionalism and confidentiality. If either of these two ingredients are lacking, then you'll most likely run into problems. Sadly, many sellers see their deals fall apart due to a breach of...
Business Broker Survey reviles that Small businesses (<$2 MM) struggling to find qualified workers and talent shortage is impacting ability to sell business (Woodbury, N.Y.) August 16th, 2018 – Optimism in the...
You should never forget that your partnership agreement is, in fact, one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives or lifelong friends only to discover (once it's too late) that they should...
No one works forever. Regardless of how much you love your business, sooner or later you will have to step away. Owning a business can be very demanding. This fact can be doubly true for owner-operators of businesses. The simple fact...
