26 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 Viking Mergers + Acquisitions entitled “Small Business, Big Exit: 5 Tips For Selling Your Small Business” gives you advice on what to do when you’re considering an exit or are currently exiting your business.
Here are the 5 tips:
- Choose The Right Time
- Find A Dependable Broker Advisor
- Understand The Business’s Value
- Market The Business Well
- Close The Sale
Click here to read the full article.
A recent article from BizBuySell entitled “The Advantages of Franchise Resales: An Opportunity for Entrepreneurs” talks about what a franchise resale is and what the potential benefits could be if you were to buy an existing franchise.
Some franchise resale benefits:
- Proven Track Record and Support
- Existing Infrastructure
- Lower Risk and Increased Potential
Click here to read the full article.
A recent article from Bob House of BizBuySell entitled “Why 2023 Presents Opportunities for Service Business Sellers and Buyers” explains why service businesses are hot in the business for sale market, some of the challenges of service businesses like scaling & finding workers and some tips for buying and selling.
Some tips for buying include:
- Choose a business that fits your skills and lifestyle’
- Look at the potential of each opportunity carefully
- Look at the potential of each opportunity carefully
- Consider multiple financing and purchase options
Some tips for sellers include:
- Estimate the value of Your Business
- Develop a plan that meets your exit goals
- Get your financials in top shape
- Assemble your professional sales team
