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A transition plan that allows the business owner to sell the business for the highest price possible in the shortest amount of time to the most qualified buyer is generally the top of the wish list for most business owners. Because the business owner lives and breathes their business they become emotionally attached to their customers, employees, suppliers and other business partners as the business is a reflection of who they are. (more…)
Selling a privately held business is a complex process. Unlike shares of a publicly held company that can be readily liquidated in a day or two by selling them on the stock market, there is no ‘ready made market’ or exchange for selling a privately held business. (more…)
A recent Inc.com article advises business founders to consider several questions before selling a business.
First, owners need to determine what kind of business person they are. Some simply begin a company with the intention of selling it and moving on, while others enjoy the longevity of making a company sustainable.
When the time comes, selling a business is really about a series of decisions.
How much is the business worth? How do you go about valuating the business? What type of organization might be interested in buying or at least investing in the company? How should one go about finding such prospects? (more…)
Recent figures show the economy headed in the right direction, but small business owners are still struggling in a number of areas, including existing purchasing power and the acquisition of credit and other lending necessities, according to Bloomberg.
A significant portion of small business buying power is employee growth.
With the right financial backing, the acquisition of a franchise can be just as rewarding as starting a business from the ground up, with significantly less risk, according to Entrepreneur.com.
Unlike the high costs of beginning a new business, franchises can be acquired a much lower cost.
When an individual or various business entity is considering buying another company, it is important to remain level-headed, fair and respectful. That being said, everyone involved is still trying to get the best deal possible from the transaction, and good deals do not always line up when competing interests are at stake.
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