Business Brokers
When Selling a Family Business, What Are the Considerations and What Advanced Planning Is Needed?
Selling your business is a major life decision, but if you do it carefully, you can bring in a significant amount of income while taking a good bit of responsibility off your shoulders. To ensure the best possible deal for yourself and your family, it’s essential to take your time when planning the sale. Here…
Read MoreHow Do You Find the Right Business Contacts to Sell a Company?
Selling your business can be exciting, but it can be daunting as well. Long before you get to developing a deal structure, you need to take the first key step: finding and contacting potential buyers. One of the best ways to do this is to tap into your network of business contacts (or find new…
Read MoreHow Is Intellectual Property Valued When Selling a Business?
When selling your business, it’s relatively easy to place a value on tangible assets like inventory and equipment. But what about intellectual property? If you’re selling your business, here’s how your intellectual property will be assessed. Intellectual Property: Definition What is intellectual property? Intellectual property (IP) refers to your ideas. It consists of the property…
Read MoreWhat Should Business Owners Expect From a Business Broker?
Selling your business through a broker can be a wise choice. A business broker can streamline the process and ensure you get the best deal possible for the company that you’ve helped build. A great broker takes a professional approach and listens to understand what’s important to the seller at the end of the process.…
Read MoreHow Do You Value an Online Retail Business?
If you’re considering selling your business, you’ll have many advantages if you own an online retail business. Online retail businesses are often in-demand for prospective buyers looking to expand their portfolios. However, to make the most profitable sale possible, you should know how to value your business and the best avenue to take to sell.…
Read MoreHow to Value Goodwill When Selling a Business
Understanding and valuing Goodwill is a crucial step when selling your business, as it can increase the overall value of your sale. What Is Goodwill? Goodwill is any NON-TANGIBLE asset that’s directly tied to the cash flow of the business. It’s valued at a multiple of the cash flow. Examples of Goodwill Perhaps the simplest…
Read MoreWhy Are Business Models So Important?
The business model is the foundation of a company and its value proposition to customers, employees, and investors. It is the engine that drives revenue and profitability. The business model has never been more important than today, as companies are pressured to be lean and agile to compete in the global marketplace. There are several…
Read MoreWhat Are the Methods for Doing a Business Valuation?
How much is your business worth? The answer to this question doesn’t just matter when you’re ready to sell your company. Business valuation can help you determine how much your business is worth, which can help you, your investors, and other stakeholders evaluate your company and its financial direction. There’s more than one strategy for…
Read MoreWhat a $10 Million Business Looks Like on Paper
While success can be measured in many ways, every entrepreneur dreams of taking their company well into the millions. What does a $10 million business look like on paper? How is it organized? What are its characteristics? This article looks at some of the common features of multi-million-dollar businesses and what it takes to sell…
Read MoreHow Do I Determine the Value of My Business?
Before you can look for potential buyers for your business, you have to determine how much it’s worth. Oftentimes, sellers have a number in mind they’d like to receive for their business, but that number isn’t usually based on financial calculations. Maybe you consider your business to be your retirement savings, and you need a…
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