Blog

When selling your Boston company, the expert insight of a business broker can go a long way. The right broker frees you to focus on continuing to run your company, while offering a wealth of insight about what to expect, how to expertly negotiate the deal, and more. But not all business brokers are created equally. This is a business, and like any other business, there are exceptional practitioners and exceptionally shady ones. Don’t let a bad business broker deter

Most people think of starting a business from scratch, developing an idea, building a company from the ground up. Starting from scratch, however, has its disadvantages including – developing a customer base, marketing the business, hiring employees and creating cash flow … without any history or reputation to rely on. To avoid these challenges, buying an existing business may prove to be the better solution.  Buying an existing business has its advantages – including, but not limited to: The Business

1. Build a solid management team. A business with sales of $5 million and up needs a full complement of officers and directors. Such a team might include: a COO, a CFO, a sales manager and, depending on the of type business, an IT director. It is also beneficial to create a Board of Directors with at least two outside members. This professionalization of management can remove the stigma of “the one man band.” Not only will this build a stronger