For business owners looking to sell their company, finding the right broker for the right price can be a challenging task. Selling a business is already an arduous process, but a good broker should be able to help owners with the endeavor.
Archive for November, 2010
Small business banking has taken quite a hit in recent years. Aside from the drastically tightened availability of credit, banks have lost a good deal of what many believe to be a cornerstone of the financial system: consumer trust.
According to data surveyed from BrandAsset Valuator by Inc. magazine, trust in the banks has declined by 58 percent over the past three years.
As the task of selling a business is so rarely an easy one, many small business owners look to rival companies as potential buyers. The perks of selling to a competitor may not be at once apparent, but the fact that they understand the industry and the business better than others is indeed a selling point.
Comcast has hit another speed bump in its plan to acquire NBC Universal from General Electric, but this time the obstacle has been self-inflicted.
Last week, Comcast released a management restructuring plan for NBC, despite declaring in September that no further personnel changes would be proposed. The move irked many regulators who are anything but prepared to green light the $13.
Online travel service Expedia announced Thursday plans to buy the Mobiata, maker of the popular iPhone travel app FlightTrack. Mobiata was founded in 2008 by then 21-year-old Ben Kazez.
Within a year of launching, the flight data and navigation software generated more than $1 million in sales. The app has been ranked among the top five bestselling travel apps for 18 months straight.
The business acquisition process, like most financial transactions, involves a number of different competing parties – all vying for the best possible deal. Buyers want to acquire the company for as little as possible, sellers want to earn as much as possible and brokers have their own financial interests at stake.