Transitioning from Business Ownership to Retirement
If you are in your 60s or 70s and own a business you may be thinking about retirement at some point. But for many business owners this can be a scary thought. What do you do with all of your time? Will you miss running the business and seeing the employees every day? Fortunately there…
Read MoreWhat Business should I Buy?
We are often asked: What business for sale would you recommend? The answer of course differs depending on the specifics of each buyer. Narrowing down what might be of interest Every buyer has specific talents, interests, geography and financial assets. The first thing for each buyer to do, should be a self-assessment of…
Read MoreShould I sell my business on Shark Tank?
Many business owners watch Shark Tank and wonder how this might apply to their business when they are ready to sell. Shark Tank can be a great place to get exposure for your business while also getting an investment. It is a popular show and has helped a number of business owners to grow their…
Read MoreBusiness Valuation Factors
There are a lot of a factors that go into what a company will sell for. We outline below some of the criteria that can affect the valuation of a company. Net Income The financial health of your company will certainly be a major factor in potential buyers’ decisions on what they will pay for…
Read MoreShould I Sell my Company myself or hire a Business Broker?
If you own a company and are thinking about retiring, then you may be thinking about the best way to exit your business. In some cases, you may be deciding whether to pass your business down to one or more of your family members. You may be considering whether they have the capabilities and interest…
Read MoreKey Elements for Every Partnership Agreement
You should never forget that your partnership agreement is, in fact, one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement. A partnership agreement protects everyone involved…
Read MoreEmbracing Retirement and Selling: 4 Tips for a Smooth Transition
No one works forever. Regardless of how much you love your business, sooner or later you will most likely want to step away. Owning a business can be demanding. This fact can be doubly true for owner-operators of businesses. The simple fact is that you’ll most likely want to embrace retirement at some point. Most…
Read MoreWhat are the Fees for Selling a Business?
Should I pay an upfront fee for selling my business? You have worked long and hard to build up your business and now you are thinking of retiring. The question is how should you go about selling your business and what types of fees can you expect to pay? Some Mergers & Acquisitions firms and…
Read MoreIs It Time to Become a Business Owner? 3 Questions to Ask Yourself.
Many people know that owning a business isn’t for them. But for others, the appeal and lure of owning their own business can be powerful. If you are uncertain as to whether or not this path is for you, there are a few simple questions you can ask to gain almost clarity. In this article,…
Read MoreThe Top Two Ways to Purchase a Business without Collateral
Banks love collateral and for a very simple reason. If you have collateral, then the bank has something it can take if you fail to repay your loan. At its heart, collateral is a remarkably simple concept. However, unfortunately, many people who want to start a business lack it. All of this leads us to…
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