Category: Business

Business Brokers: How We Get Paid Last week’s post – about acing the interview with our potential client, the business owner – left one big question unanswered. Recall that that post was about what a potential client could be expected to ask when interviewing a business broker in anticipation of

Business Brokers: Acing the Interview and Getting the Listing Finding the right advisors when selling a business can be a challenge. But it doesn’t have to be. First off, most business owners will already have a relationship with a couple; an attorney and accountant for example. That’s a start –

Buying a Business: Ask the Right Questions. When buying a business, one would be wise to recall the underlying theme of the 2004 movie “iRobot”, staring Wil Smith and the extremely cool Audi RSQ. That underlying theme was the need to ask the right question. If you saw that movie,

Selling a Business: How the BUYER Sees it. If you’re selling a business, it would be a good idea to look at the business as a buyer will. This is particularly true when doing the valuation for the business. A few weeks ago my post was about risk factors inherent

Selling a Business: The Documentation Are you selling a business? As either the seller or the broker? If so, you’ve got to make sure that your documentation act is together. Documentation preparation is one of the top five questions we get from the folks taking our course, “Learn How to

Selling a Business: Is the OWNER Prepared? When selling a business, what happens to the business owner when the business is sold? This is a very serious question for a professional business broker to ask and the broker must listen carefully to the answer. When I sold my business in

Valuing a Business: Non-Recurring Expenses Valuing a business for any reason – particularly in anticipation of bringing it to market – involves significant analysis and dozens of issues to consider. One of those issues is what’s called “non-recurring expenses”. Non-recurring expenses are those that the business does not incur on

Selling a Business in 2021 Selling a business in 2021 means selling a business with the Covid-19 pandemic as a backdrop. How that backdrop impacts a business’ “sell-ability” depends on two main considerations: the industry the business is in and the size of the business. As I write these words,

What’s Your Business REALLY Worth? The Risk Factors The effort required to prepare a business for sale can be daunting – and if more business owners understood this preparation process, fewer would be trying to sell their business themselves. Over the past eight weeks or so, I’ve written a series

Financing a Business Acquisition (U.S.): 2021 SBA Incentives Financing the acquisition is always one of the more important aspects of acquiring a business. It often seems like the deal is teetering on the edge of failure as the buyer tries to convince one or more lenders that the business –