Over the last few decades, the U.S. economy has undergone a fundamental shift towards a service based economy. And while manufacturing will always be an integral part of the country’s financial output, in the 21st Century, companies that focus on services such as marketing, healthcare, and information technology are more important than ever. With each […]
If you’ve had a successful career as a business owner, it might be time to finally hang up the business suit and retire. You’ve worked hard your entire life and have had a great past few decades of earning revenue for your company — so, now what? Deciding to sell a business can be a […]
Knowing when it’s time to say goodbye to a business you’ve built from the ground up is tough. Business mergers could be tempting, but when it’s time to go, it’s time to go. According to BizBuySell.com’s Insight Report, almost 7,842 businesses were sold in 2016 alone! If those numbers tell you anything, it’s that business […]
Choosing to sell your business is a significant decision, and by putting years of work into another person’s hands, there are quite a few details to account for. Fortunately, there is a market to sell businesses. At any given time, there are an average of 15 prospective buyers for every 1 business on the market. […]
There are an estimated 28 million small businesses in the U.S., and at any given time one of those businesses could be sold. But it takes more than a moderately successful business model to catch the eye of an ideal buyer. Whether you’re gearing up for retirement or you’re simply ready to let your business […]
The top three challenges of running a business, according to a report by the National Association of Small Businesses, are as follows: the cost of health insurance benefits, a decline in customer spending, and economic uncertainty. In the age of a fluctuating economy, it’s particularly a sense of economic uncertainty that can lead to the […]
Selling your business can be a stressful experience, especially when you’ve spent a lifetime building it. There is a myriad of concerns, best practices, and other issues that need to be addressed when selling even the smallest business. Often times, business owners can be overwhelmed with all that is involved around selling their business, which […]
When you’re looking to buy or sell a business in Florida, current and long-term liabilities are two crucial factors you need to look at. But before you can look at them in a way that will benefit your financial planning efforts, you need to understand what they are and how each of them differs. Here’s […]
Selling your business is a once-in-a-lifetime event. Your grand opportunity to walk away and take care of what’s next on your list has finally arrived. However, in order to make this goal a reality, you must take the appropriate measures to avoid the pitfalls that will show up along the way. The pitfall that will present the greatest risk […]
In this series of articles, we are reviewing the top mistakes business owners must rectify before they consider selling their business. (Missed any of the previous parts? No worries, you can catch up on the series right here: Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, Part 12, and […]