Only 3 things can happen to a business once it’s been put on the market to sell. It sells internally. It sells externally. It closes and the value is lost. The more planning you do, the more value you’ll be able to transition. The more buyers you identify, the more cash you’ll get for your … Read More »
The Bag of Secrecy!
Business Brokers often hear phrases like, “Sell my business but I don’t want anyone to know it’s for sale.” or “Don’t Market my company locally so my employees, customers and suppliers won’t panic and bolt.” Or the BIG one: “How do I keep it a secret from my office manager?” Gloria’s company is a second-generation … Read More »
Business Brokerage Advice for Small Business Owners Who are the Business.
Here Are Some Common Items That Can Help You Sell Your Small Business: Customer Lists, Customer/Client Relationships, Trade Names & Marks, Logos & Service Marks, Domain Names, Website Content, Order or Production Backlog, Leases, Trade Secrets, Copyrights, Transferable Contracts, Non-Compete Agreements, Forms and Procedure Manuals, Data Bases, Supplier or Referral Lists, Patented and Unpatented Products … Read More »
Classification of Business Risk with Applicable Capitalization Rates for 2013
The following are a list of classification of business risks with applicable capitalization rate for the year 2013. This can help make a determination on whether your businesses market value is at the point where you can optimally sell it for the largest profit margin. Note: These rates are subject to change with economic conditions.
A Small Business Banker can be a shining star in your exit plan
There was a time when you could dial a direct line and your Banker would answer the phone, and he or she would have full authority to do almost anything you needed. Your Banker knew your business in detail and would likely be a trusted advisor. Well surprise, those days are back. Small community banks … Read More »
Dont’ sell your business this year!
…Unless you worked all year to prepare. Preparing your business for sale is like painting a house. The hard work is filling the cracks, sanding down the rough spots and protecting areas that don’t need paint. Once prepared, applying the paint is easy and the results add value far beyond the effort and expense. Any … Read More »