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23 May How Long Does It Take to Sell a Business?

Posted at 14:32h in Seller Articles by The NYBB Group 0 Comments

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Photo Credit: gadl via Compfight cc[/caption]

Recent studies indicate that it now takes, on average, about eight to ten months to sell a small business. This figure seems to increase yearly. Why does it take so long to sell a business?

17 May Succession Planning – It’s Never Too Early. A Message For Today’s Business Owners

Posted at 12:28h in Seller Articles by The NYBB Group 0 Comments

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There are more than 15 million family businesses in the United States. History tells us that less than one-third of family owned companies will make it to a second generation. One reason for the disheartening statistic may be that business owners tend to forget about succession planning.

03 May When to Create an Exit Strategy

Posted at 09:54h in Buyer Articles, Seller Articles by The NYBB Group 0 Comments

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Photo Credit: DoodleDeMoon via Compfight cc[/caption] There is the old saying that the time to develop an exit strategy is the day you open for business. Sounds good, but it’s not very realistic. Further, it also isn’t very optimistic. On the day you open for business, thoughts about how you get out of it aren’t pleasant, or helpful, thoughts.

26 Apr Advantages of Buying an Existing Business

Posted at 10:37h in Buying a Business by The NYBB Group 0 Comments

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Photo Credit: morebyless via Compfight cc[/caption] 1. Established. An existing business is a known entity. It has an established and historical track record. It has a customer or client base, established vendors, and suppliers.

22 Apr Avoid These Business Sale Myths

Posted at 14:05h in Seller Articles by The NYBB Group 0 Comments

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The typical business owner will only sell a business once. Understanding the complex process involved will help produce the best results. But don’t fall prey to the myths that can derail or seriously affect a potential sale.

15 Apr Tax Impact When Selling Your Business

Posted at 14:02h in Seller Articles by The NYBB Group 0 Comments

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The purpose of this article is to demonstrate the importance of the tax impact in the sale of your business. Of course it is critical that both buyers and seller consult their CPA or tax attorney before entering into any transaction.

27 Mar Why Do Deals Collapse?

Posted at 11:13h in Seller Articles by The NYBB Group 0 Comments

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In many cases, the buyer and seller reach a tentative agreement on the sale of the business, only to have it fall apart. There are reasons this happens, and, once understood, many of the worst deal-smashers can be avoided.

25 Mar Five Kinds of Buyers

Posted at 14:55h in Buyer Articles, Seller Articles by The NYBB Group 0 Comments

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Photo Credit: CarbonNYC via Compfight cc[/caption] Buyers are generally categorized as belonging to one of the following groups although, in reality, most buyers fit into more than one.

14 Mar Why Deals Don’t Close

Posted at 12:56h in Buyer Articles, Seller Articles by The NYBB Group 0 Comments

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Photo Credit: faungg via Compfight cc[/caption] Sellers

Don’t have a valid reason for selling.
Are testing the waters to check the market and the price. (They are similar to the buyer who is “just shopping.”)

26 Feb Anthony Citrolo Elected President of AANG

Posted at 16:11h in Press Releases and Media by The NYBB Group 0 Comments

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Anthony Citrolo Elected President & Director of The Long Island Chapter Of The Accountant/Attorney Networking Group Inc. (AANG) NEW YORK (January 2013) – It has been announced today that, Anthony Citrolo, CPA, CMAA, CBI has been elected as the 2013 President and Director of the Long...