Entrepreneurs Business Brokers and success
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Selling a business....
Business Brokers can help with all aspects of the sale and will make life easier for you.
What you should be aware of....
Taking the decision to sell your business is the easy part, to about selling it is another problem altogether, which is exactly why a Business Broker can prove invaluable. The important aspects include setting a price for the sale, advertising, negotiating with a buyer, and compiling all of the legal and financial details that need to be addressed and placed in order to make the sale a smooth professional transition. Your CPA needs to be advised so that accounting for the financial activities of the business can be presented to the buyer. Business Brokers and your CPA deal with these issues frequently, therefore it is advisable to let the experts move in to help you; this might incur costs but will be beneficial to you in the long term.
Confidentiality at all times....
Discretion is the key…Your Business Broker should be able to promote your business for sale without employees, customers or competitors knowing that it is for sale. This is important to ensure the smooth transition of the business during the selling process.
Time is of the essence....
A Small Business Broker can save you time and frustration when in comes to selling your business. Funds and Loans is the place to go to when looking for a Business Broker in your area, they are the business experts who can guide you through every aspect of the selling process, from start to finish.
Marketing.... the experts do it best....
Nationwide, so many businesses go on the market each year - selling a business requires an expert to deal with it. At Funds and Loans, you have the advantage of selecting a network of business brokers that are independent and have been exclusively selected for each state in the nation. We can expose your business to prospective buyers not only in your local area, but also throughout the United States as well as Globally.
When buying a Business....
What you should expect from your Business Broker and what your Business Broker can do for you.
Make your funds available....
For your security and success, when buying a business, you the buyer should be prepared to act quickly therefore your finances should be in place for you to be able to react effectively and assist your Business Broker with the tools that are needed to be able to negotiate the best deal for you.
Commercial Business Financing can be a minefield....
At fundsandloans.com we finance businesses internally, however a personal Business Broker can bring further options to the table for you.
Using a Business Broker you will get further assistance in obtaining additional financing. Generally, banks are reluctant to finance business purchases. Funds and Loans, together with its Business Brokers, make it easier to attract a Private Investor or a Venture Capital firm. Most small businesses typically try to minimize profits on financial statements to reduce tax liability, therefore making it difficult to substantiate earnings. Over 90 percent of business purchases are financed by the owners, which demonstrates their confidence in the business.
Confidentiality is extremely important....
Especially when buying a business. Not only is it important for you, but the seller and the financier will require discretion, certainly until the transaction is complete.
You should be confident that your Business Broker would ensure that all inquiries are held in strict confidence and handled with the utmost professionalism.
Things a Business Buyer should know....
Your business broker should be capable of finding a business for you that you like and would feel comfortable buying and managing to fit your requirements.
When viewing a business, the track record of the business, although important, should not be the final deciding factor. Your Business Broker should make you aware that businesses are put up for sale for many different reasons.
The location of the business might be perfect and the concept equally attractive, however its sale could be due to the current owners not being capable enough to make it profitable. You on the other hand could have the expertise to make a substantial profit.
Another example could be that the current owner has lost interest over the past months or years and has decided not to concentrate properly or that the owners personal circumstances have affected the way in which the business has been managed.
Assuming that you find a business that you like and its location is good, due to poor management, the business may not show the greatest track record. If it were purchased for the right price and on the right terms, this business could become more successful with proper management, making it a good way to achieve your business goals.
Your Business Broker should also make you aware that as a prospective business buyer, you could view a business whereby you will feel concerned as to why the business owner is selling the business. It could be for various honest reasons such as retirement, bad health or re-location, if it is a good business for you, the reason for the sale could become irrelevant
Remember, call your broker whenever you need assistance or have questions about the process....
Finally, a professional Business Broker should be able to negotiate and help you to complete the whole purchase from start to finish. Be aware that many businesses sell for less than the sum they are listed for. If it is a business that you like, don't be afraid to make a lower offer, as long as you feel your offer is reasonable and fair, your Business Broker will be glad to make the offer to the seller.
Entrepreneurs Business Brokers and success - To learn more about this author, visit Joe Cooper's Website.
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Michiel JonkerAs a Certified Information Systems Auditor, Michiel assists businesses in a professional capacity by evaluating the threats to their businesses. He acquired the necessary knowledge, skills, and techniques to minimize a business owner’s risk of business failure and to maximize his chances of high growth and success. He strongly believes that you CAN maximize your chances of business success, by implementing the business solution he has advocated for more than 12 years in your business plan and planning. Michiel has decided to share his experience with business owners by putting almost everything he knows in a business plan and survival guide (compiled in an e-book format) and written as a high growth SMB coaching course for SMB business owners, directors and managers - titled as the “Survival Kit for Small and Medium Businesses - Profit from your Business Risks!” According to Michiel, his goal was to add new techniques to a business owner’s business planning survival kit and instruct him or her in using these in the future - without any help from a consultant! For more information about the benefits of implementing profit protection planning in your business, please visit: http://www.business-around-the-globe.com - Visit Michiel Jonker's Website |
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Dianne CramptonDianne Crampton is North America's leading authority on team culture. She is an author and professional speaker and president of the leading team culture consultancy, TIGERS Success Series, Inc. Crampton has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down or to subscribe to TIGES Free monthly e-newsleeter go here. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: Winning Business Team Cultures And Why They Thrive, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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