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Reselling a Franchise? Follow These Steps

Franchise opportunities give you a chance to dip your feet into the business world using someone else’s name and business plan. Franchises give you a framework to do business, and resources you wouldn’t have if you struck out on your own. We love franchises, but we also know that a lot of entrepreneurs eventually want to leave the known entity for a chance to strike out on their own. If you’re looking to sell your franchise, here are the steps you need to follow.

5 Must-Ask Questions to Help Your Hire a Business Broker

When selling your business, a business broker can act as an intermediary between you and the buyer. This can reduce uncertainty throughout the transaction and make it less overwhelming. However, not all business brokerage firms are alike, and it’s essential to know these 5 must-ask questions to help you find the right business broker for your needs.

Think Like a Buyer When Selling Your Business

Selling a business is most times a fairly complicated and drawn-out process. Placing it on the market, wading through the numerous casual inquiries and dead-end negotiations, as well as just finding the right prospective buyer that is actually and interested and capable of purchasing it can seemingly take forever. In fact, several corporate studies have shown the average amount of time from listing to closing to be between two and three years!

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What You Need to Know Before Buying an HVAC Business

One of the most longed for systems in a building is a temperature-controlled and air-quality system. Heating, ventilation, and air conditioning (HVAC) systems are used in both commercial and residential buildings. HVAC systems are in high demand year-round. If you are thinking of buying an HVAC business, this is an excellent industry to get into. However, there are some things you should know before making this purchase. Read on to learn what you need to know before buying an HVAC business.

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Starting a Business vs. Buying a Franchise

If you are considering going into business you may be wondering whether it makes more sense to start a business from scratch, buy an existing business, or buy a franchise from an existing entity. Although the lure may be strong to start your own business, the reality is that about two-thirds of all new businesses will fail over time. Let’s look at the pros and cons of each as well as potential pitfalls.

Selling a Business

Selling Your Business? Here’s How You Can Prepare

Owning and operating a business is a tough task on its own. Between the constant need to keep up with the production and distribution of products, or scheduling and performance of services, those alone are enough to keep any owner busy all of the time. And that’s not to mention the dozens of other tasks that go along with the day to day business operations.