Most of the businesses I represent for a sale have some type of social media presence, but the extent depends on the industry and the owner’s attitude towards it. In response to the question: Does social media impact the value of your business? The answer is as clear as “it depends.” To have accounts set. . .
Continue Reading “Does Social Media Impact the Value of Your Business?”
As a business broker, I get asked a lot of questions, but the one I like the most is “What is my business worth?” While it’s a simple question, it’s not asked frequently enough. For most business owners, the majority of their net worth is tied to their business. If you don’t know your business’s. . .
When a business owner is in the process of selling a business, it’s easy to get caught up in the paperwork, due diligence, and meetings with advisors. Thoughts of fishing and traveling with your significant other start to creep into everyday thoughts because the end is near. However, I have a word of caution for. . .
Continue Reading “Selling a Business; Employees’ Role in the Deal”
Whoohoo! You have a buyer. Someone is willing to pay the asking price for your business. The deal is as good as done right? Not so fast says Bianca Evans, Business Broker with Transworld Business Advisors. While having two parties agreeing on a price is a huge hurdle cleared, it’s important to know that there. . .
Continue Reading “No Deal: How Pricing a Business Can Go Wrong”
We all want easy. The truth is, buying or selling a business may be the most complicated transaction you will ever do. Here’s the hard truth about selling (or buying) a business. There comes a time in every business owners’ life when they will consider selling a business. If they have prepared well by keeping. . .