Looking to sell? Here are the most avoidable mistakes selling businesses! In business sales, there are some very basic rules that apply and then there are the common, most avoidable mistakes when selling businesses that re-occur time and time again. You will only have one chance to sell your business successfully. Using the service of
Selling Your Business
Selling a business can be a long and frustrating process. There are few buyers out there and finding them requires a key strategy and targeted approach.
Below you find articles relating to most aspects of 'selling your business'. You will find answers on most questions, like "How long does it take to Sell my Business?", "What makes my Business attractive to Buyers?" and "When is a good time to sell my business?"
If you can't find the answer to your question, let us know and we'll write about it!
The articles below are written by experienced business broker, Rudy Kokx on all aspects of selling a business.
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When selling your business, all you need is a smooth business transaction. Whether we like it or not, after years (or even decades) of being in business, there will be a time it is time to move on. For many babyboomers it is because they are looking to retire and capitalise on their (also emotional)
People often wonder why they should hire a business broker to sell their business …And most do not fully understand the value of a good business broker. Below are some reasons you may not have considered: THE VALUE OF YOUR BUSINESS Time and time again we come across sellers who don’t really understand the value
How do I know it’s the right time to sell my business? One of the most common questions we’re asked is: when should I sell my business? And the answer isn’t straightforward. The biggest misconception on one side is that businesses only sell when they are not doing well, the other side of the argument is
What is my business WORTH in today’s market? Every business has a value. This sounds easy enough to understand but what that value is for your particular business is probably a little bit harder to determine. As a rule of thumb you could say that a small business, earning the owner under $80,000 to $100,000
Business deals: the good, the bad, and the UGLY! The biggest myth in business sales is that only bad businesses are on the market. There are lots of reasons of why people want to move on from their existing, well run business. Surely, as a Business Broker it is our job to get the phone
Whether you have a business for sale, or you’re just considering your options: read this first! Selling a business doesn’t happen overnight. It requires planning and determination. Many factors play a role when it comes to the length of the sale process; valuation, the market, the industry and most importantly: how does a buyer view
The Business Sale & Purchase agreement As a business broker it is my goal to educate potential vendors, and potential business buyers, with all the information they ned to know, free of charge. Before you sell your business (or buy a business) it would be good to understand most of the clauses included in the
Shhh! Business sale confidentiality is a big part of a successful sale. One of the most important reasons a Vendor engages a business broker is to keep their secret, invoking the broker’s business sale confidentiality. Certainly in small markets, competitive industries and smaller communities it is important to protect your business secrets and qualify a
Selling your business can be simple. Recently I did a quick study to see what buyers would look for when they buy a business. Are we selling your business effectively? I was curious if assumptions that we make as Business Brokers were true and what the impact would be if we had it wrong. Another reason
Selling a service station is as easy as 1,2,3 with LINK! Selling a service station? We have your buyer! Service stations are sought after. Currently, at LINK we have qualified buyers for such businesses, ready to make an offer! At this time there are several Service Stations that we are not promoting as being for
Negotiation tactics are skills learned over time We can’t expect to be good negotiators straight away. Besides that it is easier to negotiate on behalf of somebody than negotiating for personal benefits. Negotiating for personal benefit will result an emotional game played between a Vendor and a Purchaser. This is why there are significant differences