Business Brokers

Selling a Business: The Personal Aspect

Selling a Business: The Personal Aspect

<<<>> Selling a Business: The Personal Aspect There is, indeed, a personal aspect to selling a business. Two weeks ago, our post was about what to expect in the preparation process when selling a business. At the end of that post, I cautioned that there is also a personal aspect

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Business Brokers: Mistakes to Avoid Part 2

Business Brokers: Mistakes to Avoid Part 2

<<> Business Brokers: Mistakes to Avoid, Part 2 Two weeks ago, I posted Part 1 of Business Broker: Mistakes to Avoid and promised to follow up with two more lessons to avoid mistakes. If you recall, it was the story of an experienced broker, busy as he could be, not

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Selling a Business: What to Expect

Selling a Business: What to Expect

<<> Side Note: Though this post is about selling a business, at the end of last week’s post I wrote that there were additional lessons learned by the broker in that story and that I would address them in this week’s article. But things change. We received a few comments

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Business Brokers: Mistakes to Avoid

Business Brokers: Mistakes to Avoid

<<> Business Brokers: Mistakes to Avoid Like any other industry, ours presents many opportunities to make mistakes. The results of such missteps by a business broker can range from mild embarrassment to ruinous lawsuits. Business brokers can avoid many of these issues simply by paying attention; making sure that your

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Selling a Business? 5 Basic Requirements

Selling a Business? 5 Basic Requirements

<<> Selling a Business: 5 Basic Requirements Selling a business? If you’re a business owner, even if you’re not selling now, you will eventually. I’ve written previously about the Silver Tsunami, a term coined about 10 years ago to describe the number of baby boomers that are retiring every day

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Coronavirus Upside?

Coronavirus Upside?

<<> Coronavirus Upside? A Coronavirus upside? Could there really be one? It’s a little early to tell but anecdotal evidence is starting to appear that there may be. As with most industries, ours saw a sudden downshift in early March with the business environment worsening as April dawned. Deals that

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Business Owners: Selling to Employees

Business Owners: Selling to Employees

<<> Selling to Employees Selling to employees? If you’re a business owner, selling to employees is an excellent way to exit your business, particularly if your objectives when selling include preserving your legacy. And if you’re a business broker, this is a discussion you should have with the owners of

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Business Brokers: What Sellers Look For

Business Brokers: What Sellers Look For

<<> Business Brokers: What Sellers Look For Business brokers need a reputation for credibility – though whether you’re a business broker, a business owner/seller or a business buyer, I doubt I’m telling you anything you don’t already know. A broker’s reputation comes over time and is gained in small doses

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Business Sellers: Know Your Buyer

Business Sellers: Know Your Buyer

<<> Business Owners: Know Your Buyer! Business owners! Do you know your buyer? Most business owners who read this are probably not thinking of selling their business – at least at the moment. But the time will come because, as we say around here, “Every business that doesn’t fail will

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Business Brokers and Lawyers

Business Brokers and Lawyers

<<> “The first thing we do, let’s kill all the lawyers” Line from William Shakespeare’s play Henry VI, Part 2, Act IV, Scene 2. Business Brokers and Lawyers Well, that may be a little extreme but the sentiment expressed in that line of Shakespeare’s three-part play can sometimes be related

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