To help a small business seller understand how buyers value businesses, I like to use this analogy. If you bought a nice car fifteen years ago and took very good care of it, chances are that it looks pretty much how it did when you bought it. It still runs great and does the job [...]
Anyone who has ever sold a business knows that attracting interested and qualified buyers is the name of the game.
Selling a small business is not easy. The first thing to acknowledge is that no matter how successful you have been in running your own business you probably don’t know the first thing about what it is going to take to sell your business and get the best price and terms for it. A seasoned [...]
Not only is it important to have good Books & Records to run a successful business, but it’s also very important to have good Books & Records to sell a business.
There are many factors that affect the sale and saleability of your business. Be prepared to address all of them with your broker and with your buyers.
There are hundreds of variables in selling a business and it is the Broker’s job to pay close attention to the details to make the business transaction a smooth one.
The first thing to consider when deciding to sell your business in media and entertainment (or any of the many creative business sectors including advertising, graphic, communications, branding and even consulting) is transferability. And it’s not just the creative skills that may need to be transferred, it is also the relationships that mean business to [...]
Want to know what your business is worth? BizEx Business Brokers has a fun and interesting tool available for small business owners. Just answer some basic questions and our site will show you the estimated value of your company. The valuation process is based on the Multiple of Earnings Method, which is the most common [...]
Like most small business owners in Los Angeles and throughout Southern California, we’ve heard about the benefits of hosting our own blog. After exploring this further, we found out about the time commitment and it made us cringe. Two or three blog posts a week? We don’t have time for that. We are so busy; [...]
