I first met Kevin Freeman in 2008. I owned 2 small businesses and I was interested in purchasing a third. I was looking for an existing business that already had a strong support team in place and also had room to grow. Kevin found a business for sale that met all of my requirements, Westway Electric Supply. We went ahead with the purchase and Kevin was instrumental throughout the process and even helped me locate a bank willing to finance the deal. The process went very smoothly.
Recent Posts
When you are ready to sell a business what type of assistance will you need to do so successfully? If the thought of selling a business on your own seems like a good idea, you may want to rethink that approach. In theory, taking it upon yourself to wheel-and-deal a business sale can seem like an invaluable learning opportunity. However, in reality, a DIY effort is better left to home improvement projects — not the prospect of selling a company.
Here is what you risk losing when you choose to sell business without professional help.
Time
Figuring out how to sell a business can be a time-consuming endeavor. During the daily operations of successfully running and maintaining a business, is there enough free time for you to act as your own selling agent? Probably not. Professional help can drum up buyer prospects while you keep the company up and running.
Focus
Time is not the only thing you need to keep a business afloat when considering selling it. You need focus, too. Business services and costs still need your full attention, especially during a business sale. A large part of successfully selling a business involves scrutinizing the numeric bottom lines. A professional business broker company can help with those final details while you manage the finer details of your daily costs.
Privacy
Information leaks of a potential business sale can send current and prospective clients and vendors scrambling for a protective exit zone. Hiring professionals to help sell your business helps to keep a lid on pending transactions and keep your clientele intact. Without customers and suppliers, your business could lose the fortitude it needs to appear an attractive package for potential buyers.
Need more pointers on how to get started with selling your business? Download our free guide now!
Here is what you risk losing when you choose to sell business without professional help.
Time
Figuring out how to sell a business can be a time-consuming endeavor. During the daily operations of successfully running and maintaining a business, is there enough free time for you to act as your own selling agent? Probably not. Professional help can drum up buyer prospects while you keep the company up and running.
Focus
Time is not the only thing you need to keep a business afloat when considering selling it. You need focus, too. Business services and costs still need your full attention, especially during a business sale. A large part of successfully selling a business involves scrutinizing the numeric bottom lines. A professional business broker company can help with those final details while you manage the finer details of your daily costs.
Privacy
Information leaks of a potential business sale can send current and prospective clients and vendors scrambling for a protective exit zone. Hiring professionals to help sell your business helps to keep a lid on pending transactions and keep your clientele intact. Without customers and suppliers, your business could lose the fortitude it needs to appear an attractive package for potential buyers.
Need more pointers on how to get started with selling your business? Download our free guide now!
1 Comment Click here to read/write comments
Topics: Business For Sale, Selling your business, For Sale By Owner
So, you are going to realize some or all of your investment in your business… now what?
0 Comments Click here to read/write comments
Topics: business planning, wealth management, Trusted advisors
If you are considering selling your business, tax rates, including the capital gains rate, need to be a consideration for you. To minimize your tax payment you will want to plan for the best date to complete the transaction. And before any further explanation, you will want to talk to your accountant or lawyer or both. The potential issues are way more complex than this short post.
0 Comments Click here to read/write comments
Any business owner must consider the implications of selling a business at some future point. And it is best to be completely prepared. Even if you do not expect to sell your business, you should create a plan for that possibility. And you should also know what proceeds you could expect to generate were you to decide to sell your business right now. That plan will give you all the information that you as an entrepreneur need to evaluate all of your options.
0 Comments Click here to read/write comments
Topics: Business For Sale, Selling your business, business planning, Trusted advisors
