05 May 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 BizBuySell entitled “National Business Broker’s Appreciation Day” celebrates the efforts of the business brokerage community. Transworld Business Advisors declared May 4th as National Business Broker’s Appreciation Day in 2022 to recognize the critical role business brokers play in connecting buyers and sellers, and in protecting the health of the economy.
Here is an excerpt from a press release by Transworld Business Advisors regarding how the business brokerage community can collectively celebrate and raise awareness:
“To celebrate, the company launched the #BrokersKnowBest social media campaign aimed to fuel conversation among business brokers nationwide and promote the value these professionals bring to business sales. Starting today, brokers can participate by sharing their best piece of advice or lesson learned throughout their career on social media, tagging Transworld Business Advisors and using the designated hashtag #BrokersKnowBest.”
Click here to read the full article.
A recent article from Fast Company entitled “Four reasons to sell your business—and one reason you may want to stay in the game” explores important considerations for selling a business. When contemplating a sale, it is essential to separate yourself from the business enough to see clearly.
Key considerations for selling a business include:
- The financial performance of the business and the brand value
- What life stage the business is currently in
- The macroeconomic environment
- The state of the market and likely valuation
- Is the owner truly ready to sell
Click here to read the full article.
A recent article from Viking Mergers & Acquisitions entitled “Not Every Business Is Ready To Go To Market With Viking: Here’s Why” discusses reasons why a business owner may want to wait to sell the business. It’s not always the right time to sell, and sometimes waiting can help maximize value and better achieve owner goals.
5 reasons to wait before selling a business include:
- Client Concentrations
- Unresolved Issues
- Human Capital Concentration
- Overvalued Assets & Inventory
- Inaccurate Or Poor Bookkeeping
Addressing these issues before putting the business up for sale can help foster a successful, more profitable outcome.
