Fewer things can derail a business deal quicker than an inexperienced lawyer trying to navigate a client through the art of the deal. Just like you would not want a general practitioner performing open-heart surgery on you, a family law solicitor is not the right choice to oversee a sale of a business on your […]
by jbb.
Selling Your Business? 5 Things You Can Do to Keep Your People Motivated If you’re an entrepreneur who’s ready to move on to bigger things or simply looking to sell to step back from the busy life and relax a little, selling a business you have built up from scratch may give you the financial […]
by business
The decision to sell a business is never an easy one to take. Usually, several factors influence why someone would choose to sell. These factors can impact the transition period and the efficiency of the transfer, and so it is critical for potential buyers to understand the motivation of anyone selling a business. We’ve outlined some […]
by business
Selling a business is much like selling a house– the best time to sell is over Spring and Summer. When the weather is warmer, buyers are in a more positive mind set and businesses are generally more profitable with stronger cash flow. Of course you can also sell a business at any time over the […]
by business
Selling a business can be a time-consuming and often frustrating process. What’s worse, business owners are often selling their business for far less than they should have. Hiring an experienced business broker has huge benefits, as they can help guide you through the complicated process of selling your business. Here are 6 reasons why you […]
by jbb.
Mistake 1: Not Planning Ahead or Waiting Too Long to Sell Waiting too long, or not planning in advance, can cause many business owners to miss their window of opportunity. It takes an average between four – six months to sell a small business. Therefore, long term planning is key to any successful business sale. […]
by jbb.
MARKETING IS KEY IN A QUIET MARKET: In a quiet market there are no longer plenty of buyers out there so your broker has to have strong skills to find them and work hard to get you a result. Key skills include good old-fashioned customer service & top-level marketing programs. WATCH OUT for brokers who […]
by jbb.
First detach yourself emotionally from the business then ask yourself the following question: “Knowing what I know now, about my Café/Restaurant/Bar, it’s profits, does it even make a profit?, its advantages and disadvantages, all its benefits and drawbacks, comparing it to other hospitality & investment opportunities that I could invest my money in, how much […]
by jbb.
There’s a lot to think about and a lot of questions to ask yourself when you consider buying a business. What type of business should I buy? How do I go about buying it? What research should I do before I buy the business? Buying an established business can be very rewarding, the opportunity to […]
by jbb.