Tag-Archive for Buying a Business Tips

How to Capitalize On Business Opportunities

As we all know, the coronavirus outbreak forced the temporary closure of millions of “nonessential” businesses throughout the country. We had hoped that they would only stay closed for a couple of weeks, but unfortunately, many have not fully reopened to this day. This has resulted in numerous businesses that have had to shut their…

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Is it Worthwhile to Buy a Business

As the COVID-19 pandemic (hopefully) winds down, the US economy is opening back up. No one is entirely sure what the world will look like in the wake of the coronavirus outbreak, but we do know that things will not be back to “normal” for a while. There are certain to be some permanent societal…

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Important Questions to Ask Before Hiring a Business Broker

Business owners are often very surprised to find out how complicated the sale of their business can be. Organizing financial and other important information, finding prospective buyers, keeping the sale confidential until the time is right to inform employees and customers, how much information to reveal to a buyer at each stage in the process,…

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Major Factors to Consider When Buying a Business

Purchasing an established business is a great way for many people to get into entrepreneurship. If you can afford the upfront cost or you have the ability to finance at least part of it, you can bypass the often gut-wrenching startup phase of a business; the initial weeks and months when you put in 18…

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How to Start a New Business in 2020

The calendar has turned to a New Year and a new decade as well. We are now in the 2020s, and for those who are entrepreneurial minded, this could become a throwback to the “roaring 20s” of the 20th century. Although there are always some potential concerns, the U.S. economy is fundamentally sound, and there…

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The Importance of Having a Flexible Commercial Lease

When you are buying a business, one of the most important considerations is your location. Not only is your location key for obtaining exposure and developing your brand in the marketplace, it is also important from the standpoint of the commercial lease you will be signing. What you pay in monthly rent and related expenses…

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What is Goodwill Worth When Buying or Selling a Business

The value of a business is very often far more than the value of its assets or even its net revenue.  There are certain intangibles that are unique to a business and from which value is derived.  Intangible assets are commonly known as “goodwill”. What is Goodwill: Because of its intangible nature, it is often…

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Finding Your Niche When Starting a Business

If you want to start a business or buy a business which is already established, you must choose the right niche. For this, you can list all your passions and interests and look for one that you can turn into a business. You must also know about the time that will be required to operate…

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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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