When the market is ready may be different from when you are ready. Timing is everything, and can make an enormous difference in the amount of money you walk away with from the sale of your business. The ideal time to sell is when interest rates are low, inflation is...
After you have made the decision to sell your business, the next most important step is choosing a professional to help you set the asking price, then package and market your business. Having helped countless buyers find a business to acquire, I have seen that many...
Bob Dolan, a Licensed Real Estate Broker dealing only with business sales and more than 40 years of experience in helping sellers find buyers and buyers find businesses, has joined the Business Brokers of Florida (BBF) MLS network. Using the resources of the BBF,...
Did you know that 80% of businesses don’t sell, according to BizBuySell.com? The main reason that 80% of businesses don’t sell is because they are way over-priced. Most of the time, this is because the seller does not have a clue about what comparable businesses have...
A 2013 study entitled State of Owner Readiness, prepared by the NE Ohio Chapter of the Exit Planning Institute, found that 83% of those surveyed did not have exit plans. This includes a plan on how to maximize the value of a business before going to market. Other...
Did you know that, according to BizBuySell.com, 80% of businesses listed for sale do not sell, and 50% of the transactions that go to contract never close? Don’t be that business! Here are five more fatal mistakes from this series on the fatal mistakes to avoid when...
