Selling a business is a multifaceted endeavor that requires careful planning and strategic execution. While some entrepreneurs might consider going it alone, the process is fraught with complexities that can significantly impact the outcome. Here's where business brokers enter the scene, acting as s ...
Selling a business is a momentous undertaking that requires detailed planning and strategic execution. No matter what your motivations for selling might be, navigating the intricacies of the sales process can be daunting. The goal at the end of the process is to find the ideal buyer – one that rec ...
[caption id="attachment_280" align="aligncenter" width="300"] 4 Essential Steps to Successfully Sell Your Business[/caption]
If you've made the decision to sell your business, it's crucial to approach the process strategically and methodically. Selling a business can be a complex endeavor, but wi ...
Today, we will cover what a PPP loan is and how it affects the sale of your business. Having outstanding loans is a tough-talking point during meetings with potential buyers, hopefully, this guide will give you some good counterpoints to use. Keep reading to find out more about PPP loans and sel ...
Business owners are left with two options in regards to the future of their business and its operations. The first option is to pass the business down to children, grandchildren, or some other form of family or friend. The second option is to sell!
While some value the idea of passing a business ...
When you’ve made the decision to sell your business, you’re just starting a process - one that can make a severe impact on your life. Of course, it’s also a new beginning, which brings excitement, anxiety, and even some second guessing.
The secret to a successful sale of your busi ...
Is it time to sell your business? Deciding whether or not it's time to sell a business is a much-debated topic. With so much up in the air and many different factors involved, it's difficult to determine if the time is right to sell or not.
The main question is, "How can you sell yo ...
Posted by Murphy Business & Financial Corporation LLC on
If I sell the business now, will I get enough money to satisfy my needs?
Will I really improve my personal financial position, or should I wait a little bit longer?
Define priorities: Do I want an all-cash deal, so that I can wash my hands and be done with the business? (This will generally resu ...
Posted by Murphy Business Broker – Shelly Stansfield on
Two recent discussions are worth considering when thinking of about selling your business. One gentleman wants to sell his business to a couple employees in a couple of years and the other wants to sell in 10 years.
TWO YEAR GOAL: A moderately successful business owner and I discussed having a ...
Posted by Business Broker Russell Cohen | Murphy Business & Financial Corporation LLC on
Anyone selling a business should be considering the elements of the sales process. Business brokers are invaluable in each of these considerations:
Think It Through – Know What You Want
Do you want to retire completely or continue to have a hand or profit in the business? Do you want to move ...
Posted by Murphy Business & Financial Corporation LLC on
When you begin to negotiate the sale of the business, you will be much better off if you have developed a personal plan and have prioritized which items in the deal are the most important to you and which items you can compromise on and still accomplish your objectives.
Prioritize which items are ...
Posted by Dick Halterman Murphy Business – Shenandoah Valley, Virginia on
From time to time, I am in the unfortunate position of telling some 50-year old business owner that they "just don’t have any goodwill". "But we have been around forever, or our name is like a household word in the community, or we literally have thousands of customers"&nbs ...
Posted by Murphy Business & Financial Corporation LLC on
The biggest financial transaction in a private business owner's life is likely the sale of his or her business. Although many transfers are predetermined, others result from unplanned events, which is why it is essential for business owners to have an exit strategy.
Operate your business as if ...
Posted by Murphy Business Broker – Shelly Stansfield on
The growth or lack of growth in the economy is a current debate. So, if you are one of the Baby Boomers who weathered the 2008 economic crisis and still in business, let's consider your situation.
You are labeled a "Baby Boomer" because you are now between the mid 50's and the lat ...
Posted by Business Broker Russell Cohen Murphy Business & Financial Corporation LLC on
Selling a business is a complicated and an intricate procedure. However, business brokers play a fundamental role in getting along the process to make it a successful deal. There are several factors and cautions involved that should to be considered before stepping out to sell your business.
Findin ...
Posted by Murphy Business Broker – Shelly Stansfield on
The buzz is that if you are a Baby Boomer and you want to sell your business in the next few years, then you are in the majority. You are not the only Baby Boomer and will possibly have your business compete against many more similar businesses in both model and industry. In order to be well-prepare ...
