Attracting buyers for a business is a double-edged sword. Wide-open promotion that a business is for sale can be disastrous, but the only way to find a buyer is to communicate that a business is for sale. As with…
The other day, I was flipping through an industry trade magazine when I came across an article about “what the average small business purchase involves.” According to the author, buyers should ask 76 “critical” questions, investigate 200 “individual” points, negotiate…
Buying a business is a significant investment that requires careful consideration. To make an informed decision and reduce risks, you need to ask the right questions. Below are seven essential questions every buyer should ask before finalizing any deal. These…
Your employees are more than just part of your team. Employees are the driving force behind your business’s success. If you want your company to thrive, the happiness and satisfaction of your employees should be a top priority. An unhappy…
Owners of new businesses need to manage a multitude of details, such as product and service positioning, branding, marketing, employee hiring and training, site location, choosing vendors and establishing terms, etc. Even when all the stars are aligned and…
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” — Archimedes. Know why I love entrepreneurs? Because they punch above their weight, they are the ultimate underdogs. Risking everything…
When buying or selling a business, the initial meeting between the buyer and seller can be a critical turning point. This meeting often sets the stage for the future of the deal. After all, the buyer’s first offer typically arrives…
Purchasing a business abroad involves unique challenges and factors. There are considerations to keep in mind that you typically won’t face when buying a local business. The decision to invest internationally is complex and influenced by various elements. Let’s take…
When people dream of becoming business owners, they often picture launching their own venture. They may picture building something from nothing, and the fulfillment of turning a concept into a company. While exciting, this path comes with plenty of hurdles,…
What is an SBA Loan? An SBA loan is a loan to help finance small businesses. SBA is an acronym for Small Business Administration SBA loans are issued by a bank or other financial institution directly to small businesses SBA…
When considering the purchase of a business, asking the right questions is essential. Whether you’re a first-time buyer or a seasoned entrepreneur, you’ll want to avoid unpleasant surprises down the line. One way to do that is to be…
When deciding to buy a business, prospective buyers sometimes are faced with the following choice: Do I buy an existing independent business, or do I start a new franchise? Some of the advantages of an existing good independent business…