It’s Time to Exit. Are you Ready?
Thinking about whether or not you are ready to sell your business is an important question. It’s something that every business owner will have to address at some point. Importantly, there are far too many pieces in this particular puzzle to wait until the last minute to prepare an exit plan. You’ll want to begin the process sooner by asking yourself some key...Read More
What You Need to Know About the Golden Age of Business Acquisitions
Business acquisitions are red hot, and all kinds of businesses are being snapped up. Some people are under the impression that only large businesses are being acquired, but this is far from the reality of the situation. It would surprise many to learn that so much of the “action” is, in fact, small businesses buying other small businesses. In his Forbes article,...Read More
Preparing Your Business to Sell: Ten Questions
Loren Marc Schmerler By Loren Marc Schmerler, President and Founder of Bottom Line Management, Inc., an Atlanta-based business brokerage, M & A and consulting firm. 1. Do You WANT to Sell? Make sure you really “want” to sell. Ask yourself if you are bored, burned out, ill, have a new child, have aging parents that need your assistance, etc. Or are you simply unhappy with how much money you...Read More
Compiling an Offering Memorandum: What Buyers Look For
Steve Mariani spoke to the GABB on Feb. 19, 2020. Photo by Roger Easley. Stephen “Steve” Mariani, owner of Diamond Financial Services and a board member of the International Business Brokers Association (IBBA), spoke to business brokers this week about compiling a listing or offering memorandum. In a lively talk, which you can hear online, Mariani talked about the top things that buyers look...Read More
Determining the Right Time to Sell
Determining when it’s finally the right time to sell can be a tricky proposition. If you are thinking about selling your business, one of the best steps you can take is to contact a business broker. A good business broker will have years, or even decades, of proven experience under his or her belt. He or she will be able to guide you through the process of determining what...Read More
Should You Sell Your Family Business?
When the complicating variable of family is added to the equation of selling a business, the situation can get rather messy. Family usually complicates everything and businesses are, of course, no exception. Ken McCracken, a family business advisor with KPMG in Ireland, recently explored the complexities so often associated with family businesses in an article for the Irish Times....Read More
Why You Should Focus on Proper Exit Planning
If you are like many business owners, you are primarily focusing on building your business. Unless you want to work until you drop, you should start thinking about what you’ll need to do to sell your business. Many businesses can take years to sell or even fail to sell all together. For this and many other reasons, it is important to invest some time and energy into thinking about...Read More
The Top Ways to Create an Attention-Grabbing Sales Ad to Sell Your Business
A major part of selling your business is getting the word out. After all, the more people that know your business is for sale, the better off you’ll be. Bob House, the president of BizBuySell, recently described how a well-written business-for-sale advertisement could attract higher offers from real buyers. His article for Inc. magazine, “How to Create an Effective Business for Sale Ad and...Read More
What Do You Need to Do to Get Your Business Ready to Sell?
In his recent article in Smart Business entitled, “How to get your business, and yourself, ready for sale,” author Adam Burroughs explores the key points of getting your business ready to sell. Burroughs points to the truism that, at some point, almost every business owner must sell his or her business. For this reason, it is critical to think about what it takes to...Read More