The importance of Key Employees. Buyers want to know if there are well trained employees. Are these Empoyee Key to the Busines? Is there one key emplyee? Will the employee stay with the business under a new owner?
So you’re ready buy a business but you need a little more money. What do you do? One way is to go to the Bank. However, sometimes the best and fastest way is to ask the Seller for a loan.
This is Part 2 of the Small Business (Sales) Market Place 2019 Top Performing Markets by Sales Among cities with at least 50 transactions, Richmond, VA saw the biggest increase in activity, with 53 percent more businesses changing hands. Other cities that experienced a notable increase in 2019 transactions include Baltimore […]
Annual Insight Report shows that while small business sales still remain at historically high levels, 2019 transactions took a five percent dip from record-setting 2018 levels. The number of small businesses that changed hands in 2019 dropped slightly compared to last year according to the latest BizBuySell Insight Report, a nationally-recognized economic […]
I am tempted to say “in the beginning” … However, some context is useful. Fundamentally there are three forms of business entities. A Sole Proprietor(ship), a Partnership, and lastly Corporation. I suspect they were developed in that order. Everything else stems from those three forms. In determining which form is good […]
What is the best business? What business should I buy? How do I decide which business is right for me? These are all great questions and while there are many things you can take & should take into account; I like to answer it this way: What problems to do you […]
Alexander Huls (Published by the The Hartford) Every small business has major turning points: Moments where one or two key decisions were made that set the business on a path to success. But when you’re just starting out, it can be hard to determine which choices will make or break […]
Sellers need to be able to answer a number of basic questions that Buyers will ask in one form or another. Here are some of those questions. Why are you selling your business? You need to be able to provide an honest reason for why you are selling. I find that […]