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If you are contemplating selling your business in 2024, you are probably wondering whether now is a good time. 2023 was a tough climate in which to sell a business. Inflation and interest rates were the highest they have been in over 40 years. So, it was much more challenging to get a bank loan.…
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The average business takes six to 12 months to sell. However, every year, we sell some companies in only a couple of months and others in a year or more. If you were wondering how to sell a business fast, we will examine some of the factors that lead to one business selling faster than…
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Typically the decision to sell a profitable company is not an easy one for a business owner. In many cases, there are several reasons why someone decides to sell. The reason to sell can make a difference in how quickly you want to sell and how long of a transition period you will provide to…
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Every year, over 500,000 businesses change hands. This figure is only expected to increase in the coming years as baby boomers retire and sell their companies. Purchasing an existing business is an enticing business tactic since it allows you to become an entrepreneur without starting from scratch. You get to avoid all the pain points associated…
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There are a number of lists of the best business brokers in the United States. We’ll provide information on the different lists of business brokers and some of the criteria they use to put business brokers on their list. We’ll also discuss which business brokers’ names show up consistently on the lists of top business…
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Emotions come into play in most things in life. However, selling your business is likely to generate more emotions than most other experiences. This is because you usually have spent a lot of time working in your company and have a lot invested financially and psychologically. The sale of your company may represent the largest…
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You’ve built your company from the ground up and have successfully led it through the ups and downs over the years. Now, you’re ready to do something different, whether that’s trying a new industry, pursuing another passion, or retiring. You want to sell your business so a new owner can carry on its legacy. You…
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How Long Does It Take To Sell A Business? Many business owners want to know how long it will take to sell their company. While no one can give you an exact amount of time, we’ll discuss some of the factors that go into the length of time it takes…
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When it comes to buying or selling a business, one crucial decision that needs to be made is whether to structure the transaction as a stock sale or an asset sale. Each option has its advantages and implications for both the buyer and the seller. Understanding the key differences and considering various factors is essential…
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If you own a company and are thinking about retiring, then you may be wondering: Should I sell my company myself or hire a business broker? You may be deciding whether to pass your business down to one or more of your family members. Some considerations are, do they have the capabilities and interest to…
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Many business owners dream is to pass down a successful business to their children. If your children have experience in your business and are qualified to run it, then this might be your best option. However, with a decision this important, you want to make sure that it is the right decision. Transitioning a business…
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When a Business Owner considers selling their company, one of the things they are concerned with is: How can I sell my business for the highest price? There are a lot of factors that go into how much a business will sell for. Based on our years of experience selling companies, we provide you with…
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If you are considering selling your business, you may be wondering what the difference is between Business Brokers and M&A firms. They both handle the sale of businesses. To make matters more confusing, some advisory firms that handle the sale of businesses are a combination of an M&A firm and a Business Broker. We’ll compare…
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If you are thinking of selling your business in 2023, you are probably wondering whether now is a good time. There are a lot of concerns about the economy. Inflation is at a 40-year high, and many economists are predicting a recession. However, some companies are thriving, and we have buyers interested in acquiring these…
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Finding the right Business Broker or M&A firm to sell your company is an important decision. There are many good Business Brokers and M&A firms out there, but just because they’re good doesn’t mean they are the right fit to sell your company. In the 11 tips below, we’ll give you some ideas on how…
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There are a lot of factors that determine who is the best buyer for your company. Part of it depends on your goals. Some business owners think they know exactly who the right buyer is. However, we find that it is important to keep an open mind. The buyer that you think is perfect may…
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The COVID-19 pandemic forced businesses across the country to close temporarily, impacting their profitability. Whether or not your business was considered essential, many industries were affected by the economic shutdown that occurred in 2020. The economic uncertainty in the U.S. is currently only one of the many reasons that people consider selling their business. The…
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If you are considering selling your business, you probably are wondering: How do I keep the sale of my business confidential? That’s an important question because you don’t want your employees, customers, competitors, or suppliers to know that your business is for sale. It’s much better to let them know after a deal is completed.…
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Based on our fast start in 2022 and our record year in 2021, this year is definitely shaping up to be an excellent year to sell a business. In less than two weeks of 2022, we have already closed three deals, and our revenue was up over 50% in 2021 compared to 2020. And boding…
Read MoreTHE BEST TIME TO SELL YOUR COMPANY When is the best time to sell your business? Many business owners do not think about this for the first 10 years of their business’s operation. Many business owners start to consider retiring later on in life and are looking for an exit strategy. Other business owners we…
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