What To Consider Before Buying A Business

Taking over a company can be a nerve-racking experience, especially if it’s your first business. However, if you’ve given it a lot of thought and have determined it’s time to give it a shot, make sure you consider these things before starting.

Typically, buying a company is less risky and difficult than starting a new venture because you already know exactly how well that company is doing in the industry and where the previous owner left off. However, it’s not always that simple. Any number of things can cause a business to fail after it’s purchased. Take these tips into consideration before you buy a company so you’ll be on the right track when the time comes.

Why people sell their businesses

Before you buy a company, it’s important to know that most people don’t sell their business because it’s going downhill. Usually, an entrepreneur will sell his/her company for various reasons, but chief among them is that the founder has become invested in a new business idea. It’s not uncommon for someone to spend a lot of time growing a business and then decide they want to do something else. For you, this may be […]

October 19th, 2017|

4 Keys to Successful Reputation Management

These are the very basics of successful digital marketing. To learn more about how to be a successful business owner, stay tuned for more posts on our blog! Also, if you are considering buying a business in Raleigh, contact ENLIGN’s business brokers. Our business brokers truly care about our clients and work to give you fast and the most profitable results. We can also help you buy a business in Raleigh provide a number of similar services. Learn more on our website!

In our last blog, we began discussing reputation management and how it is a key to having a successful business. Today, we wanted to dive a little deeper and discuss all the various aspects of what reputation management can be and how it can substantially benefit your business in Raleigh.

Heavy Web Presence

To not only survive and be successful, but also dominate the market you need to invest in a website and a high-quality website. A high-quality website with have visual elements, high-quality pictures, work well on all formats (desktop computer, smartphone, and tablet). You should not only have a website, but also have […]

July 5th, 2017|

3 Keys to Digital Marketing

As we began discussing in our last blog, digital marketing is the key to successful modern marketing. Phonebooks are more useful as doorstops in most cases and other physical marketing is less effective than it has been in the past. Nearly every adult has a smart phone. They don’t go anywhere without it, even taking it to the bathroom with them. Since the widespread use of smartphones and their high-quality apps, maps are becoming obsolete as well. All of this heavy internet use is a tell-tale sign that to be successful in the digital world you need to invest in digital marketing.

What’s the Goal?

So, what is the goal of digital marketing? Getting people to your website is the obvious goal, but how do you do this? The key to getting people to your website is ranking well on search engines and the apps that these influence. You do this by showing Google and other search engines that not only is your content relevant to those searching for you online, but also that you have valuable content.

Search Engine Optimization

Search Engine Optimization […]

June 21st, 2017|

5 Tips For Business Success – Part 2

In our last blog post we began talking about basic tips for starting a business in Raleigh successfully. Often, when unseasoned businessmen and women decide they want to start a business, their business plan is little less than a dream. Though idealism is important to have when starting a business, it can only get you so far. The American dream wasn’t the only thing that made our forefathers successful. It was their dreaming, their perseverance, and endurance, but it was so much more than just their heart that helped them find success: it was their mind and the thoughtfulness that they put into the entire process.

From Part 1

In part one of this blog series, we talked about the importance of delegating and having a niche. If you would speak to a business broker, they would tell you that these are both foundational to success.

Delegating

Though having a hands-on approach is important, delegating will save you from potential burnout and losing focus on your responsibilities that only you as the business owner can fulfil. Hire people that you trust to delegate tasks to and […]

May 21st, 2017|

5 Tips For Business Success – Part 1

It seems that many are deciding to start a business. The American dream is still embedded in most citizen’s subconscious and we feel that we can do anything: All we need is hard work, determination, and perseverance. Unfortunately, despite our idealistic dreams, if these are the only “tools” in our arsenal for starting a business and unless you are the exception, the business will most likely fail. Success is found in focused, intentional work, using the right resources, getting educated, and employing not only our heart, but also our mind.

There are many aspects to consider when starting your own business here in Raleigh. Here are a few basic tips that business brokers wish you knew for putting your business and yourself in the direction of success.

Delegating

When you are starting a business, you must delegate. We completely understand that you have a vision. A clear, specific vision for your business: from possible menu items to the orientation of the “wait to be seated” sign on the front desk. Though there are times to be nit picky, often choosing your battles is key when starting […]

May 5th, 2017|

5 Reasons You Need a Business Broker

So, you read our last blog, and you’ve decided to buy a business in Raleigh. The timing is right, you know who will help you run the business: You may have even gone over the numbers, and checked out a few businesses for sale, but you are still unsure if you need a business broker. Here are five reasons why you need a confidential business broker to help you buy a business in Raleigh.

Prescreening Process

When you are buying a business and you include a business broker, you are ensuring that you are getting all the information that you need upfront to even consider buying a business. Many business brokers will not even work with business owners who are selling a business, unless the owner will disclose all relevant information, including all their financials. A business broker who you can trust, has been involved in several deals and so is more experience at the buying a business process and can “mine” from their experience to help you make a wise investment.

Define Your Interest

Though you may think you know what you want when buying a business […]

February 22nd, 2017|

Buying a Business: What You Should Know

There is a lot to understand when you are buying a business. Not only do you have personal aspects of your life that must be considered, but also you need to make sure that you are making a wise investment and buying the business right. Whether you’ve bought a business before or this is your first time owning a business, here are some of the things that you should consider. Today, we are going to discuss what you should consider personally before you buy a business.

Consider Why?

The first question to ask is, “Why are you buying a business?” Are you buying a business because you actually want to own a business? Or are you buying a business as a reaction to life’s or your personal circumstances. Before you take the plunge and buy a business, consider the amount of effort running a business can take and how much of your time this will take.  

Timing

The next aspect of buying a business to consider is timing: Is this the best time to buy a business? Boredom is not the best reason for buying a business, unless you are the type that likes to […]

February 5th, 2017|

What Should You Look for in a Broker?

 

Ready to take the next step in our career and sell your business? Ready to sell your business and retire? Then you are probably looking for a business broker.

Selling your Business

Selling your business in North Carolina can be a stressful and emotional ordeal. Not only are you selling something that you have spent a lot of time, money, and possibly sleepless nights over, but you maybe letting go of something that has held a piece of your heart. Whether you you have an emotional attachment to your business or your business is an investment project, finding a someone who will help you sell your business well is something that you deserve and you must have. When you are looking for a local and confidential business broker who you can trust, here are some of the qualities you should look for.

Confidentiality

For any relationship whether it be personal or professional, there must be mutual trust and confidentiality is one of the biggest factors in knowing who to trust, when you are looking for the best Raleigh, North Carolina broker. Confidentiality is key to selling your business or purchasing a business successfully. One of the […]

February 3rd, 2017|

Growth Through Acquisition

Michael Fekkes, Senior ENLIGN broker

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Growth through acquisition can be a powerful tool to rapidly increase sales, create a competitive advantage, improve profit margins, and expand a company’s footprint. Buy-side business brokers work with business owners and corporate management teams to develop and execute customized acquisition strategies.

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Acquiring a business from a competitor or industry peer can be an extremely challenging and difficult process due to the confidentiality concerns and competitive nature between parties. Having an experienced buy-side business intermediary involved offers considerable value in protecting the identity of each party in addition to discretely controlling the dissemination of sensitive financial, legal, and operational data. The exchange of data is traditionally done in stages, as the buyer/seller relationship matures and the trust and comfort level increases.

The involvement of an experienced business intermediary will improve the chances of a win-win deal, especially when the scope and/or complexity of the deal increases as this often necessitates innovative structuring options related to deal structure, tax management, and financing. Third party intermediaries are also critical when the two businesses are in competitive industries or regional markets.

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Targeted Business Search:

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Some buyers prefer to have a discreet, […]

April 22nd, 2014|