06 Jan Around the Web: A Week in Summary
The following information has been sourced by Business Brokerage Press for the benefit of the business brokerage community. The views of these articles do not necessarily represent the views of Business Brokerage Press. We hope you find this information helpful.
A recent article from Forbes entitled “5 Tips For Seizing One Of The Greatest Investment Opportunities Of Our Lifetime” discusses the investment strategy of buying a small business. With acquisition entrepreneurship, the goal is to purchase an existing business and grow it. As baby boomers begin to retire, a high volume of businesses will be put up for sale.
Tips for starting your acquisition entrepreneurship journey include:
- Know your skills and interests so you can choose a business that matches them
- Sell yourself to the seller so they feel good about you becoming the new owner
- Set a timeline and work with a sense of urgency
- Do your due diligence
- Don’t assume the seller has bad intentions
A recent article from BizBuySell entitled “BizBuySell 2020 Year in Review” recaps some of the highlights for the online marketplace BizBuySell in 2020.
To help sellers, buyers and intermediaries close more deals, BizBuySell integrated with LoopNet for wider listing distribution, streamlined its search experience, increased traffic and leads, published articles that discuss the importance of business brokers, and gained local and national media attention including participation in Business Brokerage Press webinars.
A recent article from The Good Men Project entitled “Selling Your Business? Why It’s Important to Find the Right Buyer” discusses how business owners who are ready to sell their business can take steps to increase the chances for the business to continue to succeed under new ownership.
Screening potential buyers can help you figure out their motives for purchasing your business and what they intend to do with it. This can be a challenging task for a business owner to take on, however a business broker can help make this process more efficient and effective.