Articles

7 Mistakes to Avoid When Selling Your Business

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If you’re selling a business in the Tampa FL — or a nearby city like St. Petersburg or Clearwater — it’s easy to make mistakes. Most business sales are confidential, meaning most business owners have a hazy understanding of what it takes to sell a business at full value. When they attempt ...
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3 Things To Do Before You Buy a Business

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There are millions of businesses in the United States. Are you ready to own one of them? Buying a business is exciting. You get an immediate start in an industry with built-in customers and cashflow from day one. It’s also easier to get financing to buy a business than it is to start your own. ...
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Preparing Your Business for a Post-COVID Rebound

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As a small business owner, it would be a massive understatement to say that 2020 has been a hard year. COVID-19 has decimated the economy and consumer demand for months, and it may be hard to see the light at the end of the tunnel. Fortunately, the saying “This, too, shall pass” applies to CO ...
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What Due Diligence is Needed Before Buying a Business?

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Buying a business is an exciting prospect, but it can quickly become a nightmare if you don’t do the right research before you commit. Due diligence may not sound like fun, but it’s well worth the effort to ensure that your business venture will be a success. So if you’re looking to buy a b ...
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Selling a Business in the Tampa Bay Area

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Whether you’re looking to retire, cash out on your years of hard work, or free up cash to pivot to another industry, there comes a time to sell your business. The question is, what process can you follow to get the maximum profit while leaving your company in great hands? At Murphy Business ...
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A Company Valuation: What to Expect and Why It’s Important

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When you've spent years building your company into a profitable enterprise, it's almost impossible to be objective about it. More than that, fair market value for a company depends on many complex and evolving factors, and is often lower than what owners project. Not too long ago, Forbes reported th ...
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Choosing the Right Business to Buy

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Buying an existing business is an appealing alternative to starting a company from scratch. But choosing the best business to buy can be a difficult decision. There are three important questions to ask to help identify the best business to buy and narrow down the list of potential companies: ...
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