Selling Your Business

3 Benefits of Utilizing a Business Broker

Whether you’re selling your business, or you’re planning to buy a business, working with a broker can be invaluable. Business brokers can help you sell your business faster if you’re an owner, and they can connect you with a business that’s well-suited to your budget and your needs if you’re a buyer. Whether you’re buying or selling, it’s a big decision and in the case of … [Read more...]

Timing Is Everything: Successful Small Business Owners Know When to Hold and When to Sell

Most individuals these days usually delve into entrepreneurship after their college days. With the rise of a lot of small businesses, sole proprietors have to learn some of the basic tools of doing business, which usually bores down to knowing how to buy and sell. Often the holding period between when a business starts, or is acquired, until when it is sold or merged with … [Read more...]

Could These Be the 8 Worst Business Decisions Ever Made?

It’s never easy to be faced with the prospect of selling your business, expanding it by acquiring another one, or signing a huge business deal. The decision you make could make you successful beyond your wildest dreams, or it could turn out to be the worst mistake of your life, financially speaking. The following infographic, produced by Betway Casino, highlights some of the … [Read more...]

Top Tips for Negotiating the Sale of Your Business

Selling your company could be one of the largest financial transactions you ever make, and that is why you need to be cautious every step of the way. A single mistake or oversight could end up costing you quite a bit of money or bring your negotiations to a grinding halt. These few tips will help you sell your company quickly while avoiding some of the most common mistakes that … [Read more...]

5 Ways to Avoid Bankruptcy

Entrepreneurs and small-business owners have many stresses to deal with, and due to their level of both financial and emotional investment, may end up heading towards bankruptcy without being fully aware of the circumstances. Being on the lookout for warning signs is obviously key, but there are other steps you can take to salvage a bad situation. I interviewed Jon Paul Kelly … [Read more...]

Understanding ESOPs and How They Can Benefit Small Business Owners

A large, demographic shift is occurring. The baby boomer generation is now experiencing significant wealth accumulation and its inevitable distribution.  Many business owners from the "boomer" generation are now in the position to turn over the reins of their businesses to the next generation or to the highest bidder.  However, what if the business owner wants to see his or her … [Read more...]

When Selling a Business, Mind Your Emotions

It’s not easy stepping back from a business you’ve spent your whole life building. Not only is the company a source of income, for many entrepreneurs, it’s how they define themselves: innovator, leader, employer. Even a sale to a family member can be emotionally charged. Over the years, I’ve seen many situations where the business owner managed to keep his or her feelings in … [Read more...]

Do You Have an Exit Strategy?: An Interview with Dr. Pamela Dennis

According to Dr. Pamela Dennis, most business owners wait too long to start thinking about, and planning for, the sale of their businesses. In this interview, Dean Rotbart of Monday Morning Radio talks with Dr. Dennis about how she advises business owners who are seeking to develop exit strategies for leaving their businesses, and also how she helps them prepare for life after … [Read more...]