The first step towards successfully selling a business is finding a qualified business broker to work with. Sellers should also ask themselves important questions about their motivations for selling. Freelance writer Troy Lambert outlines some crucial questions in an article published recently by Unbound Northwest and the Good Men Project. 1. … [Read more...]
The Historic Levels of Small Businesses Being Sold Drops Slightly
The number of small business transitions continues to be strong for the first quarter of 2019, according to a leading market analysis. In fact, despite a small decline, small business transitions remain at historically high levels. Looking at the Statistics According to a recent BizBuySell article entitled, “Number of Small Businesses … [Read more...]
The Do’s and Don’ts of Selling Your Business
Selling your business can takes as much planning and careful consideration as starting it does. The Atlanta Small Business Network recently interviewed former GABB president Michael Ramatowski, Managing Partner at RamBizGroup Business Solutions, in the ASBN studios. Considering the most common reason for selling a business is due to retirement, … [Read more...]
Business Valuation: Hidden in Plain Sight – Determining Seller’s Discretionary Earnings
Business Valuation Theory and Practice - Part Two: Hidden in Plain Sight - Determining Seller’s Discretionary Earnings By Dan Browning, founder and President of DB Consulting, Inc., and a GABB Affiliate member Disclaimer: This article and the accompanying slide deck are for educational purposes only. Nothing contained herein can be used … [Read more...]
Credits, CPAs and Cannabis: Issues for Georgia Businesses
Three CPAs from Frazier & Deeter spoke at the May 28 Georgia Association of Business Brokers meeting about the emerging cannabis industry as well as other tax programs that affect both buyers and sellers of businesses. Matthew Foster, CPA, Tax Partner at Frazier & Deeter and the firm's National Practice Leader for the Cannabis Industry, … [Read more...]
Word Up: Best and Worst Words to Use in a Business For Sale Ad
By Peter Siegel, MBA is the Founder And Administrator of BizBen.com When it comes to selling your business, the right words matter. Using the wrong words can prevent or delay a sale, says Peter Siegel, Founder of BizBen. When you're selling a small business online, the first 30 to 45 days are critical. So Siegel says you want to fine tune … [Read more...]
A Must-Read Article on Having Children Take Over the Family Business
If you're like most business owners, you look forward to the day that you can hand over the keys to your children. But there are some issues to consider, says Josh Patrick, the owner of a wealth management business, Stage 2 Planning Partners, that focuses on the strategic issues faced by the owners of private businesses. In a recent Divestopedia … [Read more...]
Embracing Technology to Boost Your Business
Technology can help business owners get top dollar when selling their business, according to Keith Gregg, Chairman/CEO of Chalice Wealth Partners, a San Diego-based wealth tech member organization for independent wealth advisors. Gregg, in February 8, 2019 article in Forbes, “Using Tech to Enhance and Sell a Business,” says some small business … [Read more...]
Thinking About Succession Planning
If you own a small business and haven’t thought about succession planning, you should. Brad Cherniak Co-Founder and Partner of Sapient Capital Partners, a Toronto-based advisory firm, examined the importance of succession planning in a February 20, 2019 Divestopia article, “All Companies Need to Look at Succession Planning.” Owning and/or operating … [Read more...]
Could the Red-Hot Market for Businesses Be Cooling Down?
The economy is red hot, and that fact is translating into lots of businesses being sold. However, it is possible that this record-breaking streak of sales could cool down in the near future. Entrepreneurs who are considering selling their companies say they’re worried about the future of the economy, according to an article posted on Inc. in … [Read more...]