As we embark on another year of business endeavors, it’s natural to set our sights on profit margins and revenue growth. Yet, amidst these crucial objectives lies a hidden gem of immense importance: building a sellable business. Regardless of…
The first, and most important, point is that my crystal ball is broken. I hate to disappoint you, but I do not know what is going to happen to the business sales market in 2024. We can, however,…
There are a number of the reasons why a business doesn’t close escrow successfully. Some deals unravel because of the seller, some because of the buyer and even more unfortunately; some are caused by third parties. Regrettably, the reasons are…
Owning a seasonal business comes with its unique set of challenges and opportunities. Whether you run a beachside ice cream stand, a ski rental shop, or a holiday decorations store, understanding the optimal time to sell your seasonal business…
Last week, we had a couple come by our office who were looking at buying their first business. After an introduction to a summary profile document on several businesses, there were a couple that caught their attention. I suggested that…
The Liberty Group of Nevada announced Kelly Brandon has been named administrative assistant for the firm. In her new role, Brandon will be responsible for providing administrative support to the brokerage firm team in various areas including marketing, lead generation,…
Two of the largest groups of buyers who are purchasing businesses in the Truckee Meadows are investors and career changers. Because of the recent volatility of the stock market and corporate corruption, many investors have realized that as a business…
In different phases of life, whether in a transitional phase or nearing retirement, it is important for business owners to keep their options open and be prepared, should their circumstances change. Preparing your business to sell can be an arduous…
According Michael Gerber, Author of E-Myth, many small businesses are started by technicians and craftsmen that have an entrepreneurial spasm and start their own business. Over time and with success small business owners are pulled away from their craft…
As a business owner, your journey has likely been filled with challenges, triumphs, and hard work. But there comes a point when every entrepreneur must consider the future of their business. As my partner says, you can leave under your…
Business sales transactions can be complex and unfamiliar to most buyers and sellers, requiring adherence to specific rules and processes that may only be encountered a few times in a lifetime. In such situations, it is highly beneficial to enlist…
You shouldn’t expect to sell your company overnight. For every company that sells quickly, there are a hundred that take many months or even years to sell. Having the correct mindset and understanding of what you must do ahead of…