Entrepreneurs Business Brokers and success
Entrepreneurs Business Brokers and success
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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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.
Like this article? Share it with your friends
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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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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) Jay Kubassek is a Canadian born entrepreneur, internet marketing genius, professional speaker, international real estate developer/investor, executive film producer, extreme sport enthusiast and a passionate supporter of several charities worldwide. In 2007, Jay's vision and dedication to help other entrepreneurs and business owners duplicate his marketing success led to the creation of his fourth company CarbonCopyPRO, an internet marketing firm already worth over 15 million dollars that has over 20 employees and contract workers with clients is 12 different countries. Jay resides in NYC with his girlfriend Jamie, three year old son Milo and dog Cooper. As executive producer he recently premiered his first film in the 2008 Cannes Film Festival. As an adventurist he is racing the 2008 Baja 1000 off-road race and is a member of the 2008 U.S. National Elephant Polo Team, The New York Blue who will be representing the US in the 2008 World Championships in Nepal. Visit Jay's Blog: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Dianne CramptonDianne Crampton is an executive leadership coach, team consultant, author and president of TIGERS Success Series, Inc. Dianne 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 go here. - Visit Dianne Crampton'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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Michel NerayMichel Neray has over 25 years of experience as an award-winning copywriter, an Internet pioneer, a tradeshow pitchman and a senior sales and marketing executive. An online pioneer, he was one of the first marketing professionals to embrace the Internet by building websites as early as 1993. In 1994, Michel co-authored a book entitled "The Great Crossover: Personal Confidence in the Age of the Microchip", which made it to Jack Canfield's Achiever's Recommended Reading List. Michel founded Portfolios.com in 1995, the world's first online source directory for creative professionals and one of the first websites based on community generated content. Since creating The Essential Message in 2003, Michel has helped thousands of independent professionals and entrepreneurs as well as growing corporations find a better way to differentiate, position and brand themselves. In 2005, his chapter "Everything Starts With A Conversation" was selected as the lead for the book, "Sales Gurus Speak Out" and re-published in 2008 for 'Awakening The Workplace Volume 3'. He is also a co-author of "In the Company of Leaders" (2008) with 40 top North American leadership experts. - Visit Michel Neray's Website |
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 Joe Cooper (Visit Joe's Website) Funds and Loans provides start-ups, entrepreneurs and businesses with the opportunity to raise capital to start a new business or take an existing business to the next level. Small businesses and investors can move quickly and decisively because there are no regulatory hurdles that make it difficult for the average person to obtain a small business loan from a bank as we are a private fund. Over the past 25 years, the company has facilitated in excess of $90 M in small business loans through the owners and a further $30 M provided by associate private investors. “Funds and Loans” have developed many relationships in the US and have recently launched the website www.fundsand loans.com in order to capitalize more efficiently by being online. The size of loans that we approve, vary from $100,000 to $20 million, with the average loan coming in at approximately $750,000 and vary from collateralized to non-collateralized, on a case by case basis. “Funds and Loans" is also a trustworthy resource guide, which lists the details of qualified professional services firms who are members of the network, including accountants, insurance brokers, business attorneys and others
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