Posts

Showing posts from November, 2022

Should I Sell My Business in 2023? How to Know When the Time is Right.

Image
Learn more: http://bit.ly/3XPWRVQ Should I sell my business in 2023? This is a question that many business owners ask themselves at some point. The answer isn't always easy, but it's essential to consider all of your options. The last two years have presented a business environment like we’ve never seen before. Many business owners who were planning to sell their businesses, held on to ride out the pandemic. The beginning of 2022 was a great time to sell a business. Currently, with high inflation and the rise of interest rates, business buyers are showing more confidence than business owners. This could mean a bigger pool of buyers and fewer businesses going onto the market. While financing the purchase of these businesses is more expensive than earlier this year, SBA backed loans are still getting approved. Here are a few key factors to think about when determining if it’s time to sell your business: Your Goals Internal Factors That Affect The Value of Your Business...

5 Steps to Creating an Excellent Exit Plan for the Sale of Your Business

Image
#sellingabusiness #sellingbusiness #sellingyourbusiness #resellingbusiness #businessowner #businessopportunities #businessbroker #businessforsale #sellabusiness #businesssales #businessvaluation #businessowners #entrepreneurship

Business Brokers: What are they and how can they help you sell a business?

Image
#sellingabusiness #sellingbusiness #sellingyourbusiness #resellingbusiness #businessowner #businessopportunities #businessbroker #businessforsale #sellabusiness #businesssales #businessvaluation #businessowners #entrepreneurship

When should I sell my business?

Image
  If you're not passionate about your business, it's time to sell In business, as in life, passion is essential. If you're not passionate about your business, it's time to sell. A business without love is like a ship without a rudder-it'll eventually drift off course and founder. Love is what drives businesses forward, inspiring innovation and growth. It's what motivates employees and customers alike. And without it, your business will stagnate. So if you're not passionate about your business, ask yourself why not. Is it time for a change? Or is it time to sell? Either way, it's time to take action. Don't let your business become a burden-instead, set it free to find its true purpose. With passion at its core, anything is possible. Talking to a business broker in Sacramento can help. If you don't have the time or energy to continue running your business, it's time to sell When you start a business, it's easy to pour all your time and ene...

3 Ways to Make Your Business Less Dependent on You

  The most important thing when you sell your business is that it can run without you. This means that you need to have a solid team and systems that will allow the company to operate smoothly even if you're not there. In this blog post, we'll talk about three ways to make your business less dependent on you. Implementing these strategies will help ensure a smooth transition when you sell your business! 1. Train Your Team to Be Independent The most important way to make your business less dependent on you is to train your team to be independent. This means teaching them how to do their jobs without needing you to be there every step. It can be challenging to let go and trust your team to handle things independently, but it's essential if you want to sell your business one day. 2. Create Detailed Operations Manuals Another way to make your business less dependent on you is to create detailed operations manuals. These manuals should cover all aspects of the company, from how ...

Key Terms for Selling or Buying a Busine

Image
#sellingabusiness #sellingbusiness #sellingyourbusiness #resellingbusiness #businessowner #businessopportunities #businessbroker #businessforsale #sellabusiness #businesssales #businessvaluation

The Process of Working with a Business Broker to Sell Your Business

Image
  When it comes time to sell your business, you will need the help of a business broker (agent). They know the market and can help you get your business sold quickly. In this blog post, we will discuss the process of working with a business broker to sell your business. An important note, these are general guidelines. Each business transaction is unique and has its own requirements. Therefore, some of these steps will vary in every transaction. Stage 1: Introduction, Expectations, and Agreement Discovery call - This is the first meaningful contact with your agent. The plan for the call is to learn about your business, reasons for selling, and a high-level overview of business financials. In addition, the agent will provide insight into their experience and a basic description of their go-to-market strategy. Collection of additional information - After the discovery call, the agent will provide you with a list of information needed to measure the value of your business. Present Br...