Tag-Archive for Buying a Business Tips

Examining the Mindset of a Serious Buyer

Selling a business is serious business. The process is complicated, and there are several steps that need to be taken in order to complete a successful transaction. Ultimately, it comes down to finding the right buyer who is qualified, motivated, and willing to pay the price you are asking (or something close enough to it…

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Pitfalls to Avoid When Buying a Business

The economy is booming right now, and most industries are growing. This makes it an ideal time to think about buying a business. Being in business for yourself offers several advantages over being an employee. You get to set your own hours, be your own boss, and decide when and how you want to work….

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Profitable Businesses to Buy

The U.S. economy is starting to pick up steam, and the elimination of numerous federal regulations along with the recent passage of tax reform have created a much friendlier business environment. The tax rate for C corporations was lowered from 35% to 21%, a rate reduction of almost half. Pass-through corporations such as sole proprietorships,…

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Franchising vs Starting a Business from Scratch

Owning a business can be exciting and many individuals dream of owning their own business. While pursuing this dream, however, there are several obstacles that must be overcome. One of the first is deciding the best way to get into a business in the first place. During the startup phase, two of the most popular…

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Buying and Selling a Business: The Pros and Cons of Seller Financing

During a business sale, one of the most important issues to address is financing. Most buyers do not have 100% cash to purchase the business outright, so they will need to find other sources to secure the funding they need. There are several potential financing options the buyer can look at. These include: Family and…

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Common Types of Business Buyers

When you are ready to sell your business, it is important to prepare well ahead of time. You want to have all your ducks in a row so you can be sure to attract the right buyer. This means getting your financials in order, cleaning up any potential legal issues, making necessary technological upgrades, and…

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Common Questions Business Buyers Ask

It goes without saying that business sellers and buyers see things from an entirely different perspective. For you as the seller, your business is your “baby”. You have put in countless hours over the years (and in many cases, decades) building it from scratch, making it a profitable enterprise, and bringing it to a point…

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Should Business Buyers Work With a Broker

Buying a business is one of the most important financial decisions you will ever make. For this reason, it is important to find the right business (based on your passion, skills, and budget) so you are in the best possible position to succeed. Many buyers wonder if they should work with a business broker when…

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Outlook for CPAs and Accounting Firms in 2017

During the final two months of 2016, the stock market rose exponentially and consumer confidence was the highest it has been in several years. Much of this optimism is believed to be due to the perception that the new Presidential Administration is pro-growth. And if the policies of the incoming administration are successful, this would…

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Legal Steps to Starting Your Own Business

Becoming an entrepreneur is an exciting step. And while many individuals have the drive and passion to go into business for themselves, some do not have a clear idea of all the steps that must be taken to make it happen. Sure, the legal stuff tends to be boring and mundane, but if you ignore…

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