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A Guide to Common Terms Used When Buying or Selling a Business
If you’re new to the world of buying or selling a business, you might come across unfamiliar terms. Some of these terms are crucial, and understanding their meaning can be incredibly beneficial. To help you out, we’ve put together a brief lexicon of common...
Considering Selling Your Business? 2024 Might Be the Right Time
Are you thinking about selling your business in 2024? Despite a decline in business sale activity in 2023, we anticipate a resurgence in 2024. The initial impact of rising interest rates, which dampened buying activity, has now stabilized. The availability of capital...
Assessing the Value of Your Business: How Business Brokers Determine Worth
Once the decision to sell your business has been made, the next crucial step is determining its value. While there are various methods for doing so, it is important to note that it is not an exact science. Therefore, it is vital to seek the assistance of a trained...
Strategies for Minimizing Owner Dependence When Selling Your Business
Some business owners may believe that the most challenging part is behind them once they decide to sell their business. While undoubtedly a difficult decision, there is still much work to be done. Owners must adapt their business environment to ensure its continued...
Five Reasons Business Brokers Improve Closing Rates
Hiring a business broker might appear complex and unnecessary for someone trying to save money and streamline the sale of their business. Why burden yourself with more tasks when you already have enough on your plate? However, it’s important to recognize that a...
3 Valuable Tips for First Time Business Sellers
Congratulations on making the decision to sell your business! It’s understandable that this process can be stressful, but it’s also filled with excitement. However, it’s important not to overlook the fact that selling a business is a complex and multi-step process....
How to Properly Package Your Business to Sell
When it comes to selling your business, packaging and marketing play a pivotal role in attracting potential buyers and maximizing value. Effective packaging involves presenting your business in its best light, showcasing its unique selling points, and creating a...
Who’s Buying and Who’s Selling in 2023
As the financial recovery from the pandemic continues, we are finding that Main Street (enterprise value of $250K – $5M) business acquisitions are up more than 32% from 2021 to 2022. This rebound is great news for buyers, but to fully understand the uptick,...