Are you wondering why some deals don’t close? The majority of people in the industry close less than 50% of sales. It means that 50% of people who agree to pay the price for a business don’t buy it. As someone selling a business, you surely don’t want it to happen to you. Before selling … Read more
Growing a business or buying a business is something that not many entrepreneurs have considered. Buying and selling small companies is a pretty inefficient asset class. Finding the right one can be quite hard. It is not very easy to know what business you are in. One thing is for sure, money is made on … Read more
If you finally decided to sell your business, one of the things you should make sure is to maximize the value of your business. There are three tested and proven practical ways to do so, and they are the following: Maximize your multiple – Different companies have different multiples. Computing multiples may sound tricky as … Read more
Freedom means a lot to different people. If you are an entrepreneur, then you know that freedom, specifically, entrepreneurial freedom, is the first core value. Robert Hirsch, the man behind Freedom Factory, one of the highly reputable brokerage firms in the country, defined entrepreneurial freedom as the ability to do what you want, when you … Read more
As an entrepreneur, it is a must to know your business’s worth so that you’ll know the maximum sales value and how much effort you need to put in to grow your business even more. In general, business owners are focused on increasing sales, figuring out how to grow sales, and running the business efficiently … Read more
People talk about freedom all the time. It is a subjective thing – it means different things to different people. From an entrepreneurial standpoint, freedom is being able to do what you want, with whom you wish to, as often as you want. It is able to make a choice every time you wake up … Read more
The stupid human trick is something that lets you bend time and allows you to make a difference when running a business. Entrepreneurs have one thing they do better than anybody else. Entrepreneurs have two things that help them – mentors and peer groups. It is the reason why many aspiring entrepreneurs actively participate in … Read more
Timing is essential when it comes to selling a business. When is the right time to sell a business? The answer to this question is more of an art than science. When you make big decisions such as selling a business, it is a must to clear your mind from any form of distraction. Get … Read more
How to get your company ready to sell? It is one of the first questions that undoubtedly comes to mind if you think of selling your business. Well, there are many ways to sell your company, but first, you have to contemplate as to whether it is high time to sell your business. Not many … Read more
Broker and investment bankers are two words used interchangeably. Many people don’t know the difference between the two. Although they may sound alike, these two words are different in many ways. If you are in the business industry, it is a must to know the difference between the two. By doing so, you will know … Read more
Selling a business should not be that hard both for the seller and the prospective buyer. However, many business owners are struggling to sell their business fast and easy. One of the common questions sellers have in mind is, “how do I get my business ready to sell?” For the business selling process, a desirable … Read more
