Should You Become a Business Owner?
19 Dec Should You Become a Business Owner?
Posted at 10:00h in Uncategorized by bbpadmin
While being a business owner may in the end not be for everyone, there is no denying the great rewards that come to business owners. So should you buy a business of your own? Let’s take a moment and outline the diverse benefits of owning a business and help you decide whether or not this path is right for you.
Do You Want More Control?
A... Continue Reading →
Three Overlooked Areas to Investigate Before Buying
07 Dec Three Overlooked Areas to Investigate Before Buying
Posted at 16:55h in Uncategorized by bbpadmin
Before you jump in and buy any business, you’ll want to do your due diligence. Buying a business is no time to make assumptions or simply wing it. The only prudent course is to carefully investigate any business before buying, as the consequences of not doing so can in fact be rather dire. Let’s take a quick... Continue Reading →
Legal Mistakes to Avoid When Selling Your Business
16 Nov Legal Mistakes to Avoid When Selling Your Business
Posted at 14:30h in Uncategorized by bbpadmin
A common mistake that many make when preparing to both buy and sell is a business is to overlook all the various legal issues involved. A legal mistake can bring the entire process to a screeching halt or even worst cost you a small fortune. For this reason, it is vital to carefully evaluate the full slate of relevant legalities... Continue Reading →
5 Things to Consider When Transferring Your Business to Family Members
01 Nov 5 Things to Consider When Transferring Your Business to Family Members
Posted at 12:23h in Uncategorized by bbpadmin
Letting go of a business isn’t a process that one should jump into lightly, and that fact holds true even when it comes to your loved ones. Let’s take a look at five of the most important factors to consider when selling or transferring a business to a family member.
#1 The All-Important Buy-Sell Agreement
One of the... Continue Reading →
How to Ensure Confidentiality During your Sale
19 Oct How to Ensure Confidentiality During your Sale
Posted at 13:02h in Uncategorized by bbpadmin
Selling a business is a process that depends upon professionalism and confidentiality. Selecting a business broker who understands the critical role that confidentiality plays is simply a must. Unfortunately, countless sellers have in fact dealt with a situation where a breach in confidentiality has caused a deal to fall apart.
A... Continue Reading →
Can you Understand Your Buyer’s Key Motivations?
11 Oct Can you Understand Your Buyer’s Key Motivations?
Posted at 15:09h in Uncategorized by bbpadmin
Negotiations can be tricky affairs. One wrong move can undo a tremendous amount of work. In negotiations, it is best to take a moment and think about where the other party is coming from.
What are their needs and how best can you meet them? Understanding your buyer’s motivation increases the chances of a... Continue Reading →
Seller Financing
27 Sep Seller Financing
Posted at 10:36h in Uncategorized by bbpadmin
The majority of business sales include some form of seller financing. Typically, seller financing is when the seller provides a loan to cover part of the purchase price. The rest of the purchase price is covered by the down payment or often other financing sources are used as well. Summed up another way, the seller is essentially acting as a bank for the buyer.
When sellers... Continue Reading →
The Power of Recurring Revenue
20 Sep The Power of Recurring Revenue
Posted at 08:32h in Uncategorized by bbpadmin
Buyers and sellers alike love recurring revenue. But what is it exactly that makes it so attractive? Recurring revenue is generally viewed as a very good factor as it indicates positive cash flow, the potential for growth, business success and business stability. Let’s take a closer look at how it can benefit you.
Show You’re in... Continue Reading →
What is EBITDA and Why is it Relevant to You?
12 Sep What is EBITDA and Why is it Relevant to You?
Posted at 11:00h in Uncategorized by bbpadmin
If you’ve heard the term EBITDA thrown around and not truly understood what it means, now is the time to take a closer look, as it can be used to determine the value of your business. That stated, there are some issues that one has to keep in mind while using this revenue calculation. Here is a closer look at the EBITDA and how best to... Continue Reading →
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 →