Sellers aim high when it comes to asking price. The logic they use is that they can always reduce the price. What sellers need to remember is that if the asking price is initially too high, buyers won’t even take a serious look. The selling...
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"Independent business owner” means being the owner of an independent business. Another way to look at “independent business owner” is to let it define the personality of the person in charge – independent, strong willed, confidant, self-assured. These are vital entrepreneurial qualities, but they can...
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It’s a given that every company has weaknesses. The trick is to fix them. The test of a good company president or CEO is what happens to the company when he or she leaves. Some companies may look the same on paper, but one company...
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You’ve decided to sell your business. Your reasons for selling are carefully considered and valid. Good negotiation skills are key for the successful sale of your business. Use the following steps as a guide to brush up on your negotiation skills. Engage A Business Broker Professional Engage...
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Here are some questions for sellers to ask themselves when selling their business: Who best understands my business? It is important to discuss your decision process when interviewing intermediaries to represent the sale of your firm. An intermediary can't respond to a prospective seller's concerns without this...
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Whether your business partner is a stranger or a lifelong friend, it is essential to have a written partnership agreement. A partnership agreement serves as a tool for dealing with disagreements and unforeseen problems. It clearly outlines all rights and responsibilities. You can identify and...
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When the day comes to sell your business, it is important that prospective buyers understand why you have made this decision. Having a valid reason why it is time for you to sell can make your business more attractive to prospective buyers. After all, it...
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At first glance the idea of buying a business with no collateral may seem impossible, but in reality it can be done. Let's examine your options. When it comes to achieving this goal, your greatest assets are an open mind and a commitment to hanging...
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While being a business owner may in the end not be for everyone, there is no denying the great rewards that come to business owners. So should you buy a business of your own? Let's take a moment and outline the diverse benefits of owning...
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Before you jump in and buy any business, you'll want to do your due diligence. Buying a business is no time to make assumptions or simply wing it. The only prudent course is to carefully investigate any business before buying, as the consequences of not...
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