You’ve spent a lot of time, effort and equity into growing your business and have decided it’s time to sell. The objective is to get maximum value and in order to do this, it’s imperative to work with a broker who can follow a process that ensures smooth and organized steps to f...
Unlock the value of your business with a free business valuation tool from Business Exits. At the end of the day, the business is only worth what someone is willing to pay for it. If you’re unhappy with the valuation, it might not be time to sell your business quite yet. Think of ...
The article offers advice on buying a hospitality business. In getting a solicitor, make sure that he has the expertise required to carry transactions such as possible leasing arrangements, licensing and disab...
The Small Business Administration of the US is a great enabler for small businesses to make their mark in the markets. The SBA isn't a lending agency; rather, it functions as the partial guarantor for the loans a small business applies for with a lending institution, such as a bank. By ...
1. Vet your business idea A“good business idea” is one you can afford to execute, serves the market, and has potential for you to make a comfortable profit. Princeton Creative Research has auseful checklistof questions that can help you evaluate your business idea, including: ...
To start a successful home-based business, you must find the right idea, create a business plan, understand legal requirements, and set up an office space.
This is also the perfect time to decide the terms of a sale. For example, what will the buyer receive when they purchase your ecommerce business? Will they get your supplier and distributor lists, email lists, inventory, logos, branding and marketing assets, website domain, social media acco...
However, if you don’t plan before selecting the best business to buy, you may purchase a business that is filled with problems and headaches. Without proper vetting, you could get a company with an under-performing staff, stale inventory, and a negative cash flow. ...
It's also veryattractive to potential investors. Exiting your business will be your biggest payday, but only if you have processes in place. Investors want to purchase a well-oiled machine that only requires a little maintenance. If the running of your business resides in your memory banks, ...
Try to get the signed purchase agreement intoescrow. You may encounter the following documents after the sale: Thebill of sale, which transfers the business assets to the buyer An assignment of a lease Asecurity agreement, which has a seller retain a lien on the business ...