No one wants to waste their time and energy trying to sell their business to someone who isn’t actually planning to buy. That’s why it’s so important for you and your business broker or M&A advisor to focus on the most qualified and serious buyers. But how can you...
The thought of selling a business can be overwhelming, but with the proper preparation and guidance, it doesn't have to feel like you're swimming against the tide. Navigating the emotional aspects of selling your business can be done in an orderly fashion - just like...
There are clearly qualities that make a person an ideal candidate to be a business owner. On the other side of the coin, however, it’s clear that owning a business isn’t for everyone. Let’s take a look at some of the unique personality aspects that help motivated...
If you’ve ever gotten any type of substantial loan, chances are that you’re already familiar with the concept of collateral. This is when something of value is pledged as security. As a result, the lender has something of value that they could potentially take if the...
Are you looking to maximize the value of your business before selling? Selling a business is no easy feat, and it can be difficult if you don’t know where to start. It’s important to prepare your business for sale in order to ensure that you receive the maximum return...
A partnership agreement is a legal document that provides an outline of how a business will be run. This agreement will often be used by small for-profit businesses when two or more people are involved. It’s an essential document to have, especially in the case when a...
With the right preparation, an effective exit strategy can be like a well-oiled machine. As they say, "fortune favors the prepared mind," and with thoughtful planning, you can make sure that when it comes time to move on from your current venture, everything goes...
As a business owner, your natural inclination is likely to be considering the strengths of your business and how to perform even better in the future. However, the truth is that sitting back and thinking about your flaws can actually benefit you in the long run. When...
Do you want to know when is the right time to sell your business? Are you curious about what factors should be taken into consideration before deciding whether it’s the right move for you and your company? If so, this article is for you. As entrepreneurs or small...