Five Reasons Business Brokers Improve Closing Rates
07 Sep Five Reasons Business Brokers Improve Closing Rates
Posted at 09:24h in Uncategorized by bbpadmin
It has long been a well-known fact that business brokers can help improve closing rates. In this article, we will take a closer look at the five top reasons why having a business broker on your side can make all the difference in the world.
#1 – They Reach the Most Buyers
What seller isn’t looking to reach more buyers? When... Continue Reading →
5 Tips for Buyers of International Businesses
30 Aug 5 Tips for Buyers of International Businesses
Posted at 10:31h in Uncategorized by bbpadmin
The decision to buy an international business is no doubt quite serious. There are numerous factors that must be taken into consideration when deciding whether or not an international business purchase is the right move. Let’s take a closer look.
Tip #1 – Relocating Vs. Hiring a Manager
Buying an international business... Continue Reading →
How to Keep Employees Engaged During an Ownership Transition
11 Aug How to Keep Employees Engaged During an Ownership Transition
Posted at 09:42h in Uncategorized by bbpadmin
Ensuring that your employees stay on course during your ownership transition should be one of your key areas of focus. There are many key steps that you should take during this delicate time. Let’s explore the best tips for keeping your employees engaged throughout the entire ownership transition process.
Step 1... Continue Reading →
Is It Possible to Sell to a Business Competitor?
01 Aug Is It Possible to Sell to a Business Competitor?
Posted at 10:21h in Uncategorized by bbpadmin
A common question in the realm of buying and selling businesses is, “Is it possible to sell to a business competitor?” The short answer is yes, it is quite possible and rather common. That stated, selling to a business competitor is different than selling to a buyer who is completely new to the industry. The two types of buyers should not be... Continue Reading →
The Importance of Having a Dominant Position in the Market
26 Jul The Importance of Having a Dominant Position in the Market
Posted at 14:00h in Uncategorized by bbpadmin
In order to get top dollar for your business, it is necessary to prepare for the sale well in advance. In short, a tremendous amount of strategy and preparation goes into a successful sale. The amount you ultimately receive for your business is directly tied to how well you prepare.
At the top of the list of making sure that your... Continue Reading →
Are You Emotionally Ready to Sell?
20 Jul Are You Emotionally Ready to Sell?
Posted at 06:13h in Uncategorized by bbpadmin
Quite often sellers don’t give much thought to whether or not they are ready to sell. But this can be a mistake. The emotional components of both buying and selling a business are quite significant and should never be overlooked. If you are overly emotional about selling, then this fact can have serious ramifications on your outcomes. Many sellers... Continue Reading →
5 Reasons Buying a Business is Preferable to Starting a New One
If you are considering running your own business, one of the first questions that might pop in your mind is: should I start a new one or buy an established business. In this article, we’ll take a closer look at the age-old dilemma of buying an existing business verses starting a new one from scratch.
1. An Established Concept
The benefits of buying an established business are no doubt huge. At the top of the list is that an existing... Continue Reading →
Learn the Dynamics and Save the Deal
06 Jul Learn the Dynamics and Save the Deal
Posted at 03:34h in Seller Articles by bbpadmin
Many business owners are unfamiliar with the dynamics of selling a company, because they have never done so. There are numerous possible “deal breakers.” Being aware of the following pitfalls and their remedies should help prevent the possibility of an aborted transaction.
Neglecting the Running of Your Business
A major reason companies with... Continue Reading →
Selling: What Does An Intermediary Expect From You
22 Jun Selling: What Does An Intermediary Expect From You
Posted at 03:30h in Uncategorized by bbpadmin
If you are seriously considering selling your company, you have no doubt considered using the services of an intermediary. You probably have wondered what you could expect from him or her. It works both ways. To do their job, which is selling your company; maximizing the selling price, terms and net proceeds; plus handling... Continue Reading →
Family-Owned Businesses Do Have Choices
14 Jun Family-Owned Businesses Do Have Choices
Posted at 03:27h in Uncategorized by bbpadmin
Family-owned businesses do have some options when it comes time to sell. Selling the entire business may not be the best choice when there are no other family members involved. Here are some choices to be considered:
Internal Transactions
Hire a CEO – This approach is a management exit strategy in which the owner retires, lives off... Continue Reading →