A Step by Step Overview of the First Time Buyer Process
A recent article on Businessbroker.net entitled, First Time Buyer Processes by business broker Pat Jones explores the process of buying a business in a precise step-by-step fashion. Jones notes that there are many reasons that people buy businesses including the desire to be one’s own boss. However, he is also quick to point out that buyers should refrain from buying a business that they...Read Moreby Diane LoupeApril 1, 2019 Business Marketing, Buyer Articles, Buyer FAQ, Buying a Business, Uncategorized0 comments
Five Industries with Great Growth Potential for Small Business Buyers
By Peter Siegel, Founder of BizBen.com (California Businesses For Sale), the BizBen Network When you buy a small business, you want to be successful. But to do that, you must be able to look objectively at the company and determine whether or not it is a business that will be able to grow into the future. Many small businesses have succeeded by being on the cutting edge at one time or another....Read Moreby Diane LoupeMarch 9, 2019 Buyer Articles, Buying a Business, Seller Articles, Selling a business0 comments
Confidentiality Agreements: What are the Most Important Elements?
Every business has to be concerned about maintaining confidentiality. When business owners are getting ready to sell their business, they often become somewhat obsessed with confidentiality. It goes without saying that owners don’t want the word that they are selling to spread to the public, employees or most certainly their competitors. Yet, there is something of a tug of war between the...Read Moreby Diane LoupeMarch 2, 2019 Buyer Articles, Buying a Business, Seller Articles, Selling a business, valuation0 comments
Why Goodwill Is Important to Your Business
Goodwill can enhance the value of your business, but what does the term mean when buying or selling a business? Usually, the term “goodwill” is a reference to all the effort that a seller puts into a business over the years that he or she operates that business. In a sense, goodwill is the difference between an array of intangible, but important, assets and the total purchase price of the...Read Moreby Diane LoupeDecember 8, 2018 Buyer Articles, Buyer FAQ, Buying a Business, Seller Articles, Seller FAQ, Selling a business, Uncategorized0 comments
The Importance of Understanding Leases
Leases should never be overlooked when it comes to buying or selling a business. After all, where your business is located and how long you can stay at that location plays a key role in the overall health of your business. It is easy to get lost with “larger” issues when buying or selling a business. But in terms of stability, few factors rank as high as that of a lease. Let’s explore...Read MoreWhat Should You Evaluate When Buying a Business?
Buying a business can be an exciting prospect. For many prospective business owners, owning a business is the fulfillment of a decades long dream. With all of that excitement comes considerable emotion. For this reason, it is essential to step back and carefully evaluate several key factors to help you decide whether or not you are making the best financial and life decision for you. In...Read Moreby Diane LoupeOctober 12, 2018 Business Valuation, Buyer Articles, Buyer FAQ, Buying a Business, Uncategorized0 comments
A Business Opportunity Is NOT a Going Business for Sale
By Peter Siegal, Founder & Senior Advisor at BizBen.com What’s the difference between a business opportunity and a going business for sale? They are NOT the same thing. A business opportunity refers to all opportunities for those in the market to buy and own their own small business. But it’s not the same thing as a going business for sale. These are five characteristics that...Read Moreby Diane LoupeSeptember 26, 2018 Buyer Articles, Buyer FAQ, Buying a Business, Seller Articles, Selling a business0 comments
Three Major Legal Mistakes to Avoid During a Sale
The business sale process can be complex, which is why it’s best to have expert help from a business broker. Brokers can help you avoid costly legal mistakes which can bring the entire sale process to a sudden and complete halt. Let’s take a closer look at what you can do to avoid these kinds of issues when selling your business. Major Mistake 1 – You Skipped the Non-Disclosure...Read Moreby Diane LoupeSeptember 18, 2018 Buyer Articles, Buyer FAQ, Buying a Business, litigation, Seller Articles, Seller FAQ, Selling a business, Small Business0 comments
Interested in Buying a Business? Check Out These 3 Commonly Overlooked Areas
When it comes to buying a business, nothing is more important than the factor of due diligence. For most people, this investment is the single largest financial decision that they will ever make. And with this important fact in mind, you’ll want to leave absolutely no stone unturned. Let’s examine the three most commonly overlooked areas when it comes to buying a business:...Read Moreby Diane LoupeSeptember 3, 2018 business coach, Business Marketing, Buyer Articles, Buyer FAQ, Buying a Business, Seller Articles, Seller FAQ, Selling a business, Small Business, Uncategorized0 comments