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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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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.