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7 Important Questions to Ask Yourself When Selling a Business

February 10, 2024 By
There is no denying the fact that for most people, the decision to buy or sell a business is one of the most important professional and financial decisions that they will ever make. Let’s turn our attention to some of the key questions you’ll need to ask. 1. What is really for sale? You’ll need to determine what is, and is not, for sale. If you own machinery or real estate associated with the business, are those items to be
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Steps for a Successful Closing

February 3, 2024 By
The closing is a pivotal moment in the history of a business as it marks the formal transfer of a business from one party to the next. Behind every successful closing is months of focus and hard work. Simply stated, a successful closing doesn’t just happen, but is instead the byproduct of extensive negotiations.  One key document to utilize in the closing process is the Purchase and Sales Agreement. There are four key aspects to this document.  First are the
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Lack of Experience Can Be a True Deal Killer

January 27, 2024 By
Most business owners are experts at running their specific businesses. They are not necessarily experts at selling businesses. This is where working with a seasoned brokerage professional can prove to be invaluable.  As it turns out, there are endless examples of people trying to save money by simply finding an MBA to handle the sale of their business. Owners often will trust this person despite whether or not they have direct experience selling businesses. Sadly, the results from this decision
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