High Profits Required to Sell your Business?

I’ve been looking at a lot of business broker websites recently, and one really stood out. The website highlighted the broker’s great success. They claim an almost 90% sell rate on their listings, compared to an industry average “below 30%.” They say they sell more of their listings than anyone else in their region.

Your Gear Can Sabotage Your Small Business Sale

20 years was enough. Bill was ready to sell his auto repair shop. At least he thought he was. Bill loved his business, but I didn’t – and neither would potential buyers. The business did decent revenue, and showed a reasonable profit for the market it was in. On paper it was a sell-able business. But during our walk-through of the shop, I was struck by how crowded the space was.

It is Critical to Our Financial Future, and Most Small Business Owners Ignore It

As a small business owner you are crazy busy. Crazy. So it’s understandable why some things, especially things that are “far in the future”, get lost in the details. For many of us, selling our small business is something that we hope will happen someday, and hope is all we do. But we don’t realize the risk that “hope only” approach creates for our financial future.

When Should You Sell Your Business?

I want to sell, but what’s the right time? We had a good year last year, but we have new clients starting next month. I’m ready to get out, but two employees just quit. With variables changing constantly how do you determine when the time is right?…

Business For Sale: Another Disaster

It’s our escape plan. Our way out. It’s how we are going to put an end to the pain we’re feeling. It’s the sale of our business. But what if it’s just a set up for another disaster like the story Joe Caffrey from Worldwide Business Brokers tells in the post that originally appeared here,…