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SELL MY BUSINESS

Is it time to sell?

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Is it time to sell? Selling your business is a major decision! You have devoted your time, money, and energy into building, running, and operating your business. It may well represent your life’s work. If you have already decided that now is the right time to sell, you want the very best professional guidance you can get. This is when working in tandem with a professional business broker can make the difference between just getting rid of the business and selling it for the very best price and terms! Following are some of the most common topics and questions frequently brought up by sellers. If you have any questions that we have not covered, please don’t hesitate to contact us.

For Business Sellers

If you’ve gone this far, then selling your business has aroused enough curiosity that you are taking the first step. You don’t have to make a commitment at this point; you are just getting informed about what is necessary to successfully sell your business. This section should answer a lot of your questions and help you through the maze of the process itself. Question 1 The first question almost every seller asks is: “What is my business worth?” Quite frankly, if we were selling our business, that is the first thing we would want to know. However, we’re going to put this very important issue off for a bit and cover some of the things you need to know before you get to that point. Before you ask that question, you have to be ready to sell for what the market is willing to pay. If money is the only reason you want to sell, then you’re not really ready to sell. *Insider Tip: It doesn’t make any difference what you think your business is worth, or what you want for it. It also doesn’t make any difference what your accountant, banker, attorney, or best friend thinks your business is worth. Only the marketplace can decide what the value of your business is. Question 2 The second question you have to consider is: “Do I really want to sell my business?” If you’re really serious and have a solid reason (or reasons) why you want to sell, it will most likely happen. You can increase your chances of selling if you can answer yes to the second part of this question: “Do you have reasonable expectations?” A yes answer to these two questions means you are serious about selling.

Is it time For Business Seller ?

BUYING  A  BUSINESS  TUTORIAL

Is it time For Buying A Business ?

Going into business for yourself is a big step, one that can be full of apprehension and even fear. Almost 90 percent of all those who buy a small business have never owned a business. Most of them bought a business that was different than what they had been looking for. These buyers had the opportunity to explore the business for sale marketplace and subsequently found a business for sale more to their liking. In most cases, the seller financed the sale. As you begin your search, keep in mind that running your own business is more than a job; it is a lifestyle change. In most cases, it is a very big lifestyle change. Usually, you will be working longer hours, making all of the decisions, and, as the expression goes, “you will be the chief cook and bottle washer.” In other words, you will be doing all of the work from running the business to, in many cases, sweeping the floor and changing the light bulbs. Most buyers are seeking to obtain the following when considering buying a business:

  • Pride in the service or the product
  • Flexibility
  • Income
  • Control of own destiny
  • Recognition
  • Security
  • Privacy
  • Status
  • Customer and employee contact