4 Questions to Ask Before Hiring a Business Intermediary
If you are planning to sell your business, you have two general options; sell it on your own, or hire a business broker to help with the sale. Selling on your own means you keep 100% of the proceeds from the sale, but there are some challenges with this approach. First of all, many owners […]
Why Your Brand is Critical to the Survival of Your Business
In today’s competitive marketplace, business owners are struggling like never before to stay afloat. In fact, a recent Gallup survey found that for the first time in 35 years, there are now more American businesses closing than opening. This is a very disturbing trend that must be reversed in short order for our economy to […]
What Goes into a Business Valuation?
If you are hoping to sell your business in the near future, it is important to have a good idea of how much it is worth. Unfortunately, the business owner is usually not the best person to determine this value. He/she is too close and has too much invested in the business (both financially and […]
How is a Broker Price Opinion Different from an Appraisal?
As a small business intermediary, we are constantly asked to valuate companies. Intermediaries need to make a broker price opinion (BPO) to help the owner make decisions on when to sell and how much he can sell the business. The intermediary also needs to be concerned if the company is sellable. Intermediaries charge $500 to […]
