There have been countless instances when someone has gone into business with a relative or close friend and made the mistake of skipping a formal agreement. No matter how good a friend may be, you will always want to get…
Many business owners are truly committed to their businesses. As a result, it is very difficult for them to step away even when they approach retirement age. It is not uncommon for business owners to keep working into their golden…
The Market Pulse Report Survey is a resource that has a variety of information that buyers, sellers, business brokers and M&A advisors regularly utilize to better understand the business transaction landscape. The most recent survey was conducted April 1st to…
If you are like most business owners, you have never sold a business before and might not have a clear idea of what the process involves. We recommend preparing your business in a way that makes the sale and transition…
Have you been thinking that business ownership is for you? Many people are committed to the idea of owning a business and work hard to pursue this goal. Of course, the path towards buying a business is indeed complicated and…
BizBuySell is an online business for sale marketplace with resources that focus on offering unique content that specifically addresses the needs of business buyers and sellers. To make this happen, BizBuySell has teamed with a range of experienced business brokers…
Many people assume they know what “fairness opinion” means because they are familiar with the term “fair market value.” Fair market value refers to a price that is reasonable for both a buyer and seller in an open and competitive…
Sometimes a part of selling a business comes down to storytelling. The buyer and seller are the main characters of the story that is being told. The seller is the one relaying the story, and the ideal buyer is the…
When it comes to getting a loan, you can be certain that a bank will want collateral. This is true for both personal and business loans. Simply stated, if you have collateral, your bank won’t be concerned about being left…
Many buyers view a publicly-held company as virtually being an open book with at least a modest level of transparency, whereas privately-held companies reveal much less about their inner workings, financial, and otherwise. Of course, this means that buyers of…
Just as every person is different, the same invariably holds true for business buyers. No two buyers are the same. Further, no two buyers have the same mindset, emotional makeup, or approach to business. The simple fact is that buyers…
Owning and operating a business can be rather demanding and that means from time-to-time details can slip through the cracks. All too often, businessowners don’t fully comprehend their leases and this can lead to a variety of problems. For example,…