The Downside of Selling Someone Else’s Product

Sarasota Consultant | Florida Business Brokerage

Are you tempted to resell someone else’s product to boost your top line revenue?

On the surface, becoming a distributor for a popular product can appear to be a simple way to grow your sales—simply find something that is already proven to be successful elsewhere and negotiate the rights to sell it in your local market.

What Goes into a Business Valuation?

Charlotte County Option of Value | Florida Business Brokerage

It is often necessary to determine the value of a business, such as when courting investors or preparing it for sale. The specific process for determining the value of a business varies and can be achieved through a range of methods that we will review here. All of these methods fall under three common approaches that we will examine in detail.

3 Surprising Reasons To Offer A Subscription

Sarasota Business Acquisition | Florida Management Consultant

You can now buy a subscription for everything from dog treats to razor blades. Music subscription services are booming as our appetite to buy tracks is replaced by our willingness to rent access to them. Starbucks now even offers coffee on subscription.

How To Know When It’s Time To Sell Your Business

Sarasota County Sell My Business | Florida Management Consultant

Many businesses have a life cycle, either due to economic conditions, a change in customer buying patterns, or the desire for the owner to retire or move on. But most business owners will eventually reach the point when they need to decide whether or not to sell their business. Let’s review some of the thought processes behind this decision.

What Should I Expect During Due Diligence?

Florida Management Consultant | Sarasota County Business for Sale

Now that you have signed a contract to purchase a business, you enter the due diligence phase. This is a negotiated term of typically 14 to 30 days during which the buyer arranges to perform needed inspections, review titles and deeds, negotiate repairs, and even decide if you want to continue with the purchase depending on issues found during the process.

Selling a Business

What Is An Exit Strategy?

Sarasota Sell A Business | Manatee County Financial Corporation

While every business owner initially enters the market with a plan to start and survive, many business owners miss out on a critical part of their planning early on: what will happen when I cannot (or ideally choose not) to continue with this business? Whether you succeed beyond all expectations with your business and are looking to sell or hand over management, or if the unfortunate and unexpected occurs and you are no longer able to continue, appropriate planning can save all manner of headaches… and money.