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Buying a Business With No Money Down

Buying a Business With No Money Down 18 September 2023: Buying a Business With No Money Down An interesting coincidence occurred to us recently. On two occasions in the past 10 days, the topic of buying a business with no money down came up – once in an email exchange

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Selling a Business That’s Losing Money Pt 2

Selling a Business That’s Losing Money: Pt 2 11 September 2023: Selling a Business That’s Losing Money: Pt 2 Last week’s post – part 1 of this 2-part series on selling a business that’s losing money – we started off by stating that there are two general types of buyers.

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Selling a Business That’s Losing Money Pt 1

Selling a Business That’s Losing Money: Pt 1 4 September 2023: Selling a Business That’s Losing Money: Pt 1 Can you sell a business if it’s losing money? We get that question more often than you might think. And the answer is a guarded “maybe”. If a business is losing

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Selling a Business: Questions to Ask First

Selling a Business: Questions to Ask First 28 August 2023: Selling a Business: Questions to Ask First If you’re a business owner, do you realize that your business is eventually going to be sold? Many of you are familiar with our tagline, “Every Business that Doesn’t Fail will be Sold;

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Selling a Business: Seller Mistakes

Selling a Business: Seller Mistakes 21 August 2023: Selling a Business: Seller Mistakes Why don’t some businesses sell? Well, aside from the most obvious – price expectation – there are dozens of reasons, many of which we’ve encountered over our more than two decades in the business brokering trenches and

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Buying a Restaurant: Some Numbers

Buying a Restaurant: Some Numbers 14 July 2023: Buying a Restaurant: Some Numbers Restaurants are among the most often sold businesses in North America. So-called “serial restauranteurs” – individuals or couples who start up restaurants to quickly flip them – are plentiful. Many of these restauranteurs have a data base

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Selling a Business to Employees: Part 2

Selling a Business to Employees: Part 2 7 July 2023: Selling a Business to Employees: Part 2 Last week’s post – Part 1 of selling a business to its employees – was about using government-sanctioned programs such as ESOPs and EOTs. Though not exclusively for larger business, it’s rare that

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Selling a Business to Employees: Part 1

Selling a Business to Employees: Part 1 31 July 2023: Selling a Business to Employees: Part 1 Selling a business to its employees can be a very advantageous method of transferring ownership, especially if the seller is concerned about how their business is treated in the future. Recall last week’s

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Selling a Business: No Regrets?

Selling a Business: No Regrets? 24 July 2023: Selling a Business: No Regrets? A couple of months ago I read an article by Ben Guttman, one of the co-founders in 2011 of a digital marketing company. The story he told was generally about starting and growing the business, and reaching

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Starting vs Buying a Business

Starting vs Buying a Business 17 July 2023: Starting vs Buying a Business We consult with business owners all the time and have been doing so for more than 20 years. But we also advise hopeful entrepreneurs and “wannabes”. In this hopeful and wannabe category, we found that people want

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