As we slowly emerge from the disastrous health crisis, small business is dealing with the fallout. It’s coming in the form of a slow supply chain and the worst labor shortage since…ever? Why this is happening is a complicated answer. Workplace expert, Candace Moody, describes the situation as more of a “work reassessment.” People are. . .
Continue Reading “How Being Short-Staffed Affects Your Company Value”
Deal Fatigue: a condition during buyer/seller communication where parties on either side of the negotiation begin to feel frustrated. Yes, deal fatigue is very much a “thing” and it can happen in any complex negotiation. Especially when selling a business. It can come from the buyer or seller and is also one of those times. . .
When you’re listing your business for sale, you’ll work with your broker to come up with a competitive sale price. It should be a mostly scientific process that takes into account the financial health of the business and other comparable transactions. If you’re fortunate, you’ll get more than one offer. However, the highest offer might. . .
Continue Reading “Terms of a Business Sale: What You Need to Know”
The International Business Brokers Association (IBBA) has recognized Jacksonville Business Broker, Bianca Evans, with the Chairmans Circle award for outstanding performance in 2020 as part of its Member Excellence Awards Program. “Business Brokers support the health of small businesses and communities worldwide, and these award recipients are among our industry’s best,” stated IBBA Executive Director, Kylene. . .
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If you’re thinking about selling your business anytime soon, your best opportunity in at least a decade is quickly fading. It’s been an interesting 18 months, to say the least. We’ve seen widespread shutdowns and complete collapses of entire industries. However, as business tends to do, we have mostly recovered. The entrepreneur always finds a. . .
Continue Reading “Optimal Window Closing Soon for Business Owners”