The question of whether to sell your business is a difficult one. It is, no doubt, the biggest financial transaction you’ll ever make. Yet every successful business owner must face it eventually. There are several things to consider when selling your business:
Fast Food? Manufacturing? How about distribution? Small mom and pop shop or publicly held corporate spin-off? Choosing a business to acquire is a lot like car buying—lots of models, lots of colors and a litany of price ranges. Fortunately there are some questions you can ask to narrow down the choices.
Don’t be greedy. Sellers deserve a fair price for the years they have spent developing their business. Be prepared to pay for the goodwill of the business. Have a good reason to be buying. Buying a business is hard work! It takes commitment! Employees will be counting you. Spend time deciding why you want the […]
Come Prepared Most of the buyers we work with begin the process of buying a business without being able to communicate what they want. I realize that buying a business, like anything else, can be an education process. However, the ideal buyers would be able to answer the following fundamental questions.
If you operate your business as a corporation when the time comes to sell it you’ll be faced with a decision: Do I sell the stock or the assets? There are a number of factors that will weigh in on your decision.
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[vc_row type="in_container" full_screen_row_position="middle" column_margin="default" column_direction="default" column_direction_tablet="default" column_direction_phone="default" scene_position="center" text_color="dark" text_align="left" row_border_radius="none" row_border_radius_applies="bg" overflow="visible" overlay_strength="0.3" gradient_direction="left_to_right" shape_divider_position="bottom" bg_image_animation="none"][vc_column column_padding="no-extra-padding" column_padding_tablet="inherit" column_padding_phone="inherit" column_padding_position="all" column_element_spacing="default" background_color_opacity="1" background_hover_color_opacity="1" column_shadow="none" column_border_radius="none" column_link_target="_self" column_position="default" gradient_direction="left_to_right" overlay_strength="0.3" width="1/1" tablet_width_inherit="default" tablet_text_alignment="default" phone_text_alignment="default" animation_type="default" bg_image_animation="none" border_type="simple" column_border_width="none" column_border_style="solid"][vc_column_text]Have you ever dreamed of opening and owning your own floral shop? There will never be a […]