02 May Around the Web: A Week in Summary
A recent article from BusinessBroker.net entitled “The Best Time To Sell A Business” explains the fundamental qualities any business needs before it is salable.
Selling a business is a very personal decision and can be made for a number of reasons. However, despite your desire or maybe even need to sell, there are plenty of reasons why you may not be able to do so. Before taking your business to market, run through this simple checklist to determine if it’s even ready to be sold:
- The business is making a profit, and it has been for the past three years or more.
- Inventory is up to date and is not over or understocked.
- All equipment is in good working condition.
- You have a clear idea on different ways your business could grow when taken over by the new owner.
The most basic thing any buyer is going to be looking for in a business is a smart investment. Therefore, you need to make sure your business meets each of these four standards in order to attract a reliable buyer. For guidance and assistance in preparing your business for sale, reach out to your business broker or advisor.
A recent article from Axial entitled “5 M&A Advisors on What Sellers Worry About Most” shares the advice of several M&A advisors.
Selling a business is a major undertaking, often involving many questions, concerns and unforeseen roadblocks along the way. Both buyers and sellers have a team of professionals working on their behalf and both wind up with many questions. In this article, Axial asked five M&A advisors about the biggest concerns that they hear from their clients. The advisors each share the most common questions that they hear from both buyers and sellers as well as their best advice to both when it comes to the business for sale marketplace.
A recent article from BizBuySell entitled “Number of Small Businesses Changing Hands Dips Slightly, But Market Remains Ripe for Buyers & Sellers” details the results of BizBuySell.com’s First Quarter 2019 Insight Report.
According to the report, the number of small businesses sold in the US has decreased in the first quarter by about 6.5% when compared to the first quarter sales of2018; a trend that mimics the first quarter reports from last year. Despite this first quarter dip, experts say that the market remains extremely active and overall business sales remain at a record high when viewing the year as a whole. Broker confidence remains strong that while the market may begin to slow down slightly, there will not be a significant or worrisome dip in sales. Between the low unemployment rate, record high profits being reported and unending wave of baby boomers reaching retirement age, nobody seems to be too worried about the tax changes and increasing interest rates that might otherwise threaten a healthy market boom.