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 [...]
In response to the disruption to businesses from the coronavirus, we want to be able to provide resources to help small business owners during this time. If we can be of a resource, please do not hesitate to reach out and contact IBA with your questions about the impact of this current economic state and [...]
As Indiana Business Brokers, we see more often than not, that the largest asset business owners have is their business. Some may have as much as 90% of their net worth tied up in this illiquid asset. The majority haven’t saved adequately outside of their business. This means that when it comes time to sell [...]
5 Reasons Why Your Business Is Too Dependent On You. If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of an organizational chart, or stuck in the middle of your business like a hub in a bicycle wheel? The [...]
