Buying a Business and Making it a Successful Business Purchase Creating a successful purchase when buying a business requires smarts, discipline and a large focus on understanding the business. More than just a simple exercise of checking the books, a successful business purchase requires paying attention to the detailed minutiae including a focus on understanding..
People often wonder why they should hire a business broker to sell their business, and most do not fully understand the value of a good business broker. Below are some reasons you may not have considered: The Value of Your Business Time and time again we come across sellers who don’t really understand the value..
If you want to make it easy to sell your business, the core principle you need to remember is this: You should work every day to prepare your business for sale. Whether you have any intention of selling your company isn’t the point. The point is, preparing your business for sale long before you’re ready..
Selling your business can be a huge step in your life and career, and at Twelve31 Advisors, our Advisors know that the reasons leading up to this decision are unique. However, some threads reoccur in business transactions, with common reasons for selling popping up among business owners. Here are four of the top reasons you..
In the context of buying and selling businesses, due diligence refers to the research required to ensure you’re getting the best possible deal and that no surprises pop up after the transaction is finalized. Any business owner, that’s planning to make a move — either selling their own establishment or buying a new one —..
“The received wisdom is that risk increases in the recessions and falls in the booms. In contrast, it may be more helpful to think of risk as increasing during upswings, as financial imbalances build up, and materializing in recessions.” – Andrew Crockett Everyone loves discussing returns, as they are tangible, boast-worthy, and indicative of one’s..
Exit Strategies: Why You Need One and What It Should Include Whether your business is large or small, you may be at a season in ownership when planning your exit strategy has become desirable. An exit strategy encompasses more than putting up a “for sale” sign and waiting for buyers to tender offers. You need..
Owning your own business can definitely challenge you personally and professionally, but being your own boss also comes with many benefits. If you’re considering purchasing a company and taking on the reigns of a business owner, here are four reasons you might want to start the process today. 1. Do the Work You Want to..
With so many variables, it can be very difficult to place an accurate value on your business. Defining your businesses market value is not a definitive science. There are many factors to deliberate – from value of the assets, to competitor influence and other elusive elements. Put simply, the value of your business will be..
Selling a business can take a lot of time and energy. By making use of our services you will understand more about why you need to carefully plan the sale of your business to maximize profits. When should I sell my business? Before you can even start thinking about selling your business you will need..