Is It Time to Become a Business Owner? 3 Questions to Ask Yourself.

Many people know that owning a business isn't for them. But for others, the appeal and lure of owning their own business can be powerful indeed. If you are uncertain as to whether or not this path is for you, there are a few simple questions you can ask to gain almost instant clarity. In this article, we will explore those key questions and help … [Read more...]

Examining the Mind of the Serious Buyer – Five Points to Consider

Are you looking for a way to perfect your presentation? Understanding what the typical serious buyer wants will help you get your business ready for selling. Let's turn our attention to looking at what these types of individuals and entities really want. After all, your time is precious. 1. An Interest in the Industry First, prospective … [Read more...]

Want to Buy a Business? First Consider These Five Things

By C. David Chambless Being our own boss is a dream many of us have had since first entering the workforce. Maybe it’s because we know we could implement processes that would produce better results, or we would like more flexibility in scheduling work time, or we want to leave something of lasting value to our heirs. Whatever the driver, it … [Read more...]

SBA Lenders Talk About Change of Ownership

Georgia's SBA loan professionals will lead a panel discussion at the Feb. 27 GABB meeting about SBA lending rules and change of ownership requirements. The Georgia Association of Business Brokers, the state’s only association of professionals who work to facilitate the purchase and sale of businesses and franchises, meets at 10:30 a.m. at the … [Read more...]

What Do Buyers Want in a Company?

Selling your business doesn't have to feel like online dating, but for many sellers this is exactly what it can feel like. Many sellers are left wondering, “What exactly do buyers want to see in order to buy my company?” Working with a business broker is an excellent way to take some of the mystery out of this often elusive equation. In general, … [Read more...]

Using Social Media To Improve Business Brokering

Social media expert Dr. Matthew Loop offered practical advice on using Facebook and other applications to boost your business when he spoke to the Georgia Association of Business Brokers (GABB) on June 28. Loop offered highlights from his book, Social Media Made Me Rich, which offers a quick, practical, easy-to-understand, comprehensive … [Read more...]

Managing Financial Risk: The Importance of Environmental Due Diligence

By Michael Wade and Keith Kaylor BAT Associates, Inc. Is there an environmental liability lurking in the commercial property your client is preparing to buy? And how can you find out? Many commercial properties do have potential environmental issues, and purchasers and lenders may unknowingly be taking on substantial risks from loss of … [Read more...]

SBA Lenders Offer Advice on Getting Loans Approved

If you want to get an SBA loan to buy or sell a business, get the information to lenders early, be honest up front about potential problems, and expect to pledge assets, including a home, to secure the loan. That advice highlighted the presentation by veteran SBA lenders to the Georgia Association of Business Brokers on April 26. Bob … [Read more...]

Don’t Want to Get Sued? Come to GABB on Tuesday, Feb. 23

Lawrence Domenico is the kind of lawyer you hire when you litigate, or sue someone. And he's represented a lot of Georgia business brokers in disputes over the years. On Tuesday, Feb. 23, Larry will offer advice worth hundreds, if not thousands, of dollars to members of the Georgia Association of Business Brokers and their guests. Namely, how … [Read more...]

Nine Steps to Better Due Diligence, Closing Deals

Third in a series on Business Brokering Buyer and seller strike a deal, but a thorough due diligence and either seal or sink that deal. Georgia Association of Business Brokers Vice President Mike Ramatowski moderated a panel discussion at the July meeting on getting buyers and sellers through due diligence and to the closing table. … [Read more...]