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When is the best time to sell your South Florida business?
In a perfect world, the best time to sell is when everything in the business is running like a fine-tuned engine, sales are growing, the business owner is still enthusiastic about the business, and its future prospects look promising. This, however, is not when some...
How long will it take to sell your South Florida business?
Statically, the average time range is eight to 10 months. Some of the factors that can reduce or increase this time frame are: When most business buyers filter opportunities they are considering, the factors they weigh are typically the geographic location, type of...
Considerations When Selling Your Florida Business
As you start the process of considering to exit or sell your business, the following are topics you will want to consider: When to sell: Discuss the past three year’s results and the realistic prospects for the upcoming years. Do you have the energy and desire to take...
A Concise Presentation and Effective Sales Process Will Help Sell Your Business
Once a potential buyer has been qualified as a fit for your business from a financial and business experience perspective, and has signed a non-disclosure/confidentiality agreement, they typically want to quickly determine if the opportunity is worthy of a closer...
The Images of Father
4 years of age: My Daddy can do anything! 7 years of age: My Dad knows a lot! A whole lot! 8 years of age: My Father doesn't know that either. 14 years of age: Father? He is hopelessly old fashioned. 21 years of age: The old man? He’s way out of date! 25 years of age:...
South Florida Generac, Guardian Generator dealer, does good
It is rare that a business owner will pass on the opportunity for a quick sale of $250 to do what is right. I found that to be the case for the Wilton Manor owner of a Guardian generator sales and service company who did just that. Early one morning, I went to charge...
Preparing to Move to a New Office or Facility? Commercial Lease Considerations and Basics
As the business cycle ramps up, there is a pretty good chance you could be looking for a new business facility and entering into a commercial lease. Each lease is different and has to be reviewed carefully. When that time comes, you should have a basic understanding...
Reducing Delinquent Trade Accounts Increases the Value of Your Business
Effectively managing accounts receivable has its challenges, and delinquent accounts are among them. Here’s a list of nine things you can do to meet that challenge head-on. In fact, make these steps a regular part of the way you handle receivables and you’ll start to...
Getting all cash when you sell your business in South Florida, and the highest price possible
For a seller to receive all cash (or mostly cash) when the business is sold, the transaction will most likely need to qualify for an SBA-guaranteed loan. The following are factors that should be considered when establishing the price point to ask for your business and...
The Top 10 Drivers to Achieve the Highest Business Value when You Sell Your South Florida Business
Business value from the buyer’s perspective: The purpose of this article to help you understand what is important from the buyer’s perspective, and the main drivers in achieving the highest price possible when you sell. The better job you do in each area listed...
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