Recently, Forbes took a comprehensive look at how many Forbes 400 members founded their own businesses, and at what age they did so. The end results were clear: unless you’re planning on inheriting your wealth, it’s best to start or buy a business earlier rather than later. Almost half of the entrepreneurs in the ranks [...]
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So far Ed Mysogland has created 18 blog entries.
The question is less of “How can I attract interest?” and more, “How can I attract the right interest?”. Let’s talk about how you can target the best buyers for your specific business opportunity. 1. Identify Your Potential Buyer Pool Most interested parties can be broken down into one of two groups: strategic and financial [...]
Seller financing a business for sale is when the owner is willing to personally finance a portion of the purchase price. Oftentimes, this increases the likelihood of selling your business. While it is tempting to consider because of the heightened chance of a faster sale, seller financing your business is a serious consideration that needs [...]
Are you planning on listing your business for sale in the New Year? You may be ready to proceed immediately, offering it for sale “as is” and prepared to make price concessions to account for any of its unaddressed weaknesses. Or, you may have decided to delay listing it until you’ve made the necessary improvements [...]
Will 2021 be a good year to sell your business? As we enter into the new year this could be a question you are asking yourself. In the midst of a pandemic and recession, many businesses will not make it out of 2020. However, there are many businesses that have been thriving that are attracting [...]
If you’re considering exiting your business, you may be wondering how long the process takes. While the process varies, most business owners can anticipate a six- to nine-month process from signing a listing agreement to closing. However, some things impact the length of a business sale. In this article, we answer the question, “How long [...]
Before leaping into a new business opportunity, most have the challenge of securing working capital. Although it’s not an easy task, it’s essential to getting your idea off the ground. It’s also not one to take lightly, as the decision you make will stick with you for years to come, even after your business starts [...]
When planning for your transaction, you want to consider the different types of prospective business buyers you’re presented carefully. The buyer pool for most organizations can be very diverse. Plus, different kinds of buyers pose different implications. Follow along to learn the pros and cons of working with different types of prospective business buyers. 1. [...]
Everyone dreams that their business can become big and evolve to the next level. Unfortunately, however, not everyone possesses the smarts or business savvy to make those dreams a reality. If you are unable to scale your business, it will eventually fail or not produce the revenues you want. Growing a business requires calculated decisions [...]
Business owners are often surprised to find out just how involved the sales process is. Asking the right questions will help you find an experienced broker who has your best interest in mind. Keep reading to find the top 5 questions to ask when hiring a business broker. 1. Have you had a successful sale [...]