Tag: become a business broker

20 November 2023: Selling a Business – Non-Competes Non-compete agreements have been in the news this year. It has been so as a result of the U.S. Federal Trade Commission (FTC) proposing a rule to make non-compete agreements illegal. Non-compete agreements is a topic we bring up with every business

13 November 2023: Business Brokers: Specializing If you’re a business broker – or considering learning how to value and sell businesses – have you thought about specializing; that is, specializing in one or two specific types of businesses? When new business brokers are going through our courses there’s often discussion

6 November 2023: Selling a Professional Practice: Pt 2 Last week’s post on selling a professional practice generated a couple of questions that suggest a need for some clarification. Though these aspects of transitioning out of a practice were discussed as part of the overall process of selling, they are

Selling a Professional Practice 30 October 2023: Selling a Professional Practice Selling a professional practice is not a whole lot different from selling most any other business – the occasional protestations to the contrary raised by some “professional practitioners”. I make that statement after recently reading a law journal article

16 October 2023: Selling a Business: 4 Questions Trying to time the market when selling a business is, for all practical purposes, nearly impossible. But if that’s the case, how does one know when it’s “the right time”? When considering selling a business, the “right time” is usually more dependent

Selling a Business Ain’t for Sissies 16 October 2023: Selling a Business Ain’t for Sissies Selling a business profitably requires a lot of work, a lot of time and no small amount of knowledge and experience. Yes, a business can be sold by an amateur – a real estate agent,

Selling a Business: Family Offices 9 October 2023: Selling a Business: Family Offices One of the most important components of preparing a business for sale is identifying the likely buyers. This need is from the standpoint of both the business owner and the business broker. When I say “identifying the

Business Brokers: Advising New Clients 2 October 2023: Business Brokers: Advising New Clients If you’re discussing the possible sale of a business with that business’ owner, what does that first meeting look like? Real estate agents that try to pass themselves off as business brokers – as well as many

Buying a Business With No Money Down: THE UPDATE! 25 September 2023: Buying a Business With No Money Down: THE UPDATE! WELL! THAT was interesting! I refer to the combination of last week’s post – in which I stated that buying a business was nigh near impossible – and last

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