Bookkeeping Hacks to Free up Business Owner Time Using QBO and Automatic Bank Feeds When managing your small business’s finances, efficiency is key. QuickBooks Online (QBO) is a popular choice for entrepreneurs and small business owners, thanks to its user-friendly features that make accounting tasks much more manageable. One standout feature of QBO is its ability to connect directly to you
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Understanding the Difference Between a Bookkeeper, CPA, and CFO in Small Business Running a small business requires navigating many financial complexities, but not every business owner knows exactly who to turn to for help. The roles of a bookkeeper, Certified Public Accountant (CPA), and Chief Financial Officer (CFO) each play a critical part in ensuring a company’s financial health, but t
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Beneficial Ownership Information Reporting: What Business Owners Need to Know Did you complete the REQUIRED BOI requirement so you will avoid hundreds to thousands of dollars for a penalty in 2025? As a business owner, you're likely familiar with various reporting obligations, but a relatively new requirement is gaining attention: Beneficial Ownership Information (BOI) reporting. In
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The Business Owner Guide to Closing the Deal Selling a business is often the most important and complex financial decision a business owner will ever make. In Closing the Deal: A Business Owner’s Guide to Avoiding Pitfalls, Dispelling Myths, and Selling Your Business the Right Way, Andrew Cagnetta provides a comprehensive roadmap for business owners and expert advice on successfully
The financial success of professionals in the real estate and business brokerage industries varies widely based on several factors, including geographic location, market conditions, personal skills, and professional experience. Understanding the income potential in each of these careers can provide valuable insights for those considering their options in these fields. Here's an in-depth lo
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Why Business Owners Should Consider Seller Financing: Pros, Cons, and What the Research Says When it comes to selling a business, many owners are faced with a critical decision: should they offer seller financing as part of the deal? Seller financing is when the seller agrees to finance part or all of the sale price, allowing the buyer to make payments over time, typically with interest. This fin
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When it comes to selling an unprofitable business, owners often face the harsh reality that buyers are unwilling to pay more than the perceived value, and certainly not a premium. This situation is driven by several critical factors that both sellers and potential buyers must consider during the negotiation process. Business brokers, such as Transworld Business Advisors of Atlanta Peachtree, help
Read More “The Realities of Pricing an Unprofitable Business: Why Buyers Won't Pay a Premium”
In the dynamic world of business transactions, a business broker plays a crucial role by facilitating the buying and selling of businesses, acting as the conduit between sellers and potential buyers. This profession requires a unique blend of skills, knowledge, and intuition. If you're considering a career as a business broker or looking to enhance your effectiveness in this role, here are essenti
Read More “How to Become a Successful Business Broker: A Guide to Mastery and Profit”
Learning from the 2024 Olympics: Strategic Insights for Selling Your Struggling Business The journey to the 2024 Olympics, much like the journey of a business, involves highs, lows, and everything in between. For business owners considering the sale of a struggling enterprise, there are valuable lessons to be learned from how athletes prepare, compete, and sometimes, gracefully exit competitions
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Navigating Transitions: Lessons from the 2024 Olympics on Selling Your Successful Business As the 2024 Olympics captivate audiences worldwide, the parallels between elite athletic performance and navigating major business transitions come into sharp relief. Just as Olympic athletes prepare for the games, business owners must strategically plan and execute the sale of their businesses. Her
Think like a Buyer / Investor: A Guide to What Your Business Is Worth The number one question I’m asked, is what is my business worth? It’s a question every business owner has on their mind. Maybe it is because they want to sell, perhaps they are just curious. And it should be a simple answer, but unfortunately, it’s not. First, we should st
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You know how to operate your business, and you’ve built it into a very successful enterprise. Congratulations! However, the time has come to move on, whether it is for a new challenge or to kick back and enjoy the fruits of your labor. No matter the reason, you are ready to sell. However, too many small business owners mistake the knowledge they have accrued running their business as giving
Read More “Top 5 Mistakes to Avoid When Selling Your Small Business”
When the decision has been made to sell your business, the next step is perhaps the most crucial of all: determining the value of your business. There are several ways this can be done, but it isn’t an exact science. For that reason, it is essential that you seek out a trained broker to help you determine how much your business is worth. But don’t expect that broker to tell you everyt
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Many business owners may think that the tough part is over once they make the call to sell their business. While there’s no doubt that decision can be hard, there is still work to be done. Owners must adapt their business environment to continue running without them. Working with an experienced broker can make all the difference as a company shifts towards new leadership. Thinki
Do-it-yourself home repairs have definitely had their moment in the sun. But for anyone that has paid attention to that trend, it quickly became apparent that having an expert remodel a home offered a considerable advantage in terms of the quality of the work. The same holds true when it comes to other big tasks, such as selling your business. Sure, no one knows the ins and outs of your business b
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As the financial recovery from the pandemic continues, Transworld’s Main Street Market Report found that business acquisitions were up more than 32% from 2021 to 2022. This rebound is great news for buyers, but to fully understand the uptick, let’s drill down into who is currently looking to sell their businesses and which demographics are primed to make a purchase. Who’s Sellin
Selling your business is a big decision. Equally important is finding the right business advisor to help you navigate the process. When you select Transworld our latest Market Report shows you’re choosing the best. Let’s dive into Transworld’s small business transaction activity for 2022 and learn more about what sets Transworld’s business advisors apart. Another historic
Anyone thinking of selling their business needs to be prepared to negotiate. Why? Because your goals and the buyer’s goals may be the same—to get the best deal—but that doesn’t mean the same thing for both parties. It will take time, and some give and take on both sides to arrive at an optimal deal for everyone involved. Ensuring that you are negotiating from a position of
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Whether you’ve spent a lifetime operating your business or have just recently taken the reins, when it comes time to sell, you want the experience to go well. And by going well, people typically mean without a lot of headaches, and, of course, with a tidy profit. Achieving those goals becomes much easier when you enlist the aid and support of an experienced business broker or advisor. Trans
Buying a business often requires you to have the money necessary to complete your acquisition. This can be achieved in a variety of different ways. No matter what method you finally choose to pursue, to be successful you will need to be aware that different sources of capital will have their own priorities. So, to give you the best chance of securing the funding you need, let’s look at thre
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Benefits of Working With A Professional Transworld Business Advisor No matter what type of business you plan on selling, a professional will help you get a better deal faster and with fewer mistakes. People that use a professional business broker experience: An Increase in Sale Price A Faster Sale Less Stress IBBA - Better With a Business Broker Video - By IBBA Remember you can't focu
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You’ve made the decision to sell your business. Congrats! There’s no doubt that a lot of stress is wrapped up in deciding to sell, but there’s also a great deal of excitement. As a result, it can be very easy, especially for first-time sellers, to forget that selling a business is a multistep process, requiring careful planning to maximize your potential returns. We’ve got
If you’ve ever bought a house, you know that the appraised value isn’t what the house typically sells for in the end. It isn’t even what the sellers will use as the listing price in most cases. Most houses sell for a price that is more (or less) than what the seller asked for it. The same holds true for a business being sold. Why aren’t the listing price and the selling pr
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Homebuyers are familiar with the mantra—location, location, location. Well for a business owner looking to sell their business, there’s an equally important phrase to remember—timing, timing, timing. But if you are looking into selling your business, what does that mean for you? And exactly how long will the process take? A main street business can take more than six months to
From the pandemic’s supply chain issues to the current worries over rising inflation, many small businesses have been struggling to adapt to the sudden shifts of today’s economy. With inflation in June hitting 9.1%, more than the Dow Jones estimate of 8.8% for the month, more and more businesses are worrying about how exactly inflation has and will impact their business, and if no
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As it is with many things in life, timing is everything — especially when determining the right time to sell your business. Transworld presents the following list of questions that will you help determine if you should sell your business. Consider them carefully and answer them honestly: Am I ready to sell? Do I feel more exhaustion or passion when running the business? Could selling th
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When you sell your business, you expect to make money—not spend it. But as the saying goes, you have to spend money to make money. The question is, how much? The answer isn’t always clear. However, most brokers agree that a certain amount of due diligence is necessary when preparing a business for sale. That means retaining qualified professionals to look over your books, guide you th
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For many entrepreneurs, selling a business is about more than money—it’s about passing down a legacy. After years of hard work, it’s only natural to want to see your creation in the hands of someone who shares your passion. However, finding that perfect “someone” can be a challenge. Not everyone that can buy your business should buy your business. As vetera
We add new listings to the marketplace daily and want to make sure you get notified immediately when the right business becomes available. With our Buyer Match program, you receive an email as soon as a new listing that meets your personal business preferences hits the market. At the same time, we want to make sure you get the right number of businesses to review. Not too many, not to
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Finding the right buyer for your business goes beyond getting the highest offer possible. As a seller, you're looking for the most qualified buyer that best aligns with your values. After years of building your business, it’s natural to want a big payoff. But there are other factors, like preserving your legacy or maintaining the integrity of your company, that matter too. Add value
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Health care is an industry that is constantly growing and evolving as new technologies and discoveries change treatments and care. This reality is truer than ever as the world has seen during the recent COVID-19 health care crisis. If you are looking to sell your health care business, the conditions may be better than ever. Why? Well, health care is a fast-growing industry. The demand for health
Read More “Thinking of Selling Your Health Care Business or Practice? What You Need to Know in 2022”
Are you ready to sell your business, but still on the fence about using a broker? You’re not alone. Many business owners, especially first-time sellers, feel compelled to DIY the process, thinking it will save them time and money. Selling your business can be a long process with many tedious steps. An experienced business brokerage (plus the valuable resources they bring to the table)
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If you’ve been following the news over the last few years, you know that business sales are up—way up—for certain industries, including restaurants. And if you’re like many restaurant owners, you’ve been thinking about selling your business, too. It’s easy to see why. Record-setting sales (both in terms of speed and profit) in 2021 proved restaurants
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Americans started 2021 by cleaning house—literally. The COVID-19 pandemic kick-started worldwide hygiene awareness and majorly boosted demand for cleaning businesses. It wasn’t just about safety—it was about peace of mind. Residential cleaners, maids, janitors, and other sanitation professionals suddenly found themselves booked solid, with no end in sight. Today, in 2022, cleanin
Read More “Thinking of Selling Your Cleaning Service? What You Need to Know in 2022”
After a bit of a tough turn during the pandemic, the construction industry has come roaring back to life. Demand is growing, with an increase of almost 9% anticipated for 2022 for this industry segment within the U.S. market. While supply chain disruptions and shortages of skilled workers may be continuing to cause hiccups for some, the overall outlook is very positive, particularly in terms of i
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In a perfect world, every entrepreneur would have ample time to prepare their business for sale. It’s a long, often complex process that demands our full attention—and ideally, assistance from professional brokers. After all, there are many, many factors to consider: Why am I selling? Is the market ideal? Do I have my legal and financial ducks in a row? (And more.) That being sai
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Thinking of selling your business in 2022? Give yourself an edge—read up on what we learned in 2021. 2021 was a year of unpredictable firsts for business owners and entrepreneurs. Nothing we learned in 2020 could have prepared America for pandemic shutdowns. Many small operations had to quickly pivot, improvise, and adapt to a world that changed overnight. But now, with a swiftly recoverin
Your business may be unique to you but because it belongs to an industry and has competitors, it falls under certain well-known categories. In order to stand out during a sale and get the best offer possible, there are 5 factors to consider. These factors will not only set your business apart, but they are also great guidelines to consider as you begin preparing to sell your business. 1.&nbs
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Money can be considered a taboo topic of conversation in some circles. As a rule of thumb, you do not speak about salaries, debt, or the cost of your most recent vacation with friends or family, do you? We understand that, but when it comes to selling a business, we need to talk about money, and more specifically, cash. What is cash and how does it affect your business when you are selling it? Wh
Selling your online business is not so different from selling any other small business. You can do so one of two ways – sell it yourself or sell it with the help of a third-party advisor. In both cases, you can determine a fair value, successfully find a buyer, and go through the negotiation process as you would when selling any business. With time and patience, you can learn how and dedicat
Here in Metro Atlanta, Georgia the market has experienced one of the most sudden and, for some, catastrophic economic declines in our history. There is no shame in feeling a little bit like you are between a rock and a hard place – having to decide whether to possibly close a business or sell a business. The important fact is, this is not a reflection of you, your work ethic, professionalism
SBA To Begin Accepting Shuttered Venue Operators Grant Applications April 8 SBA provide relief with $16.2 billion for venues, theatres, and more Local venues can apply for this SBA grant starting April 8th 2021 at 12pm. Check out this press release for more information... Shutter Venue Grant Press Release Shuttered Venue Operators Grant (SVOG) application portal Follo
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The Silver Tsunami Impact on Business Sales Baby Boomers was the namesake given to the large generation of babies born following World War II, between the years of 1946 and 1964. In 2021 this generation is made up of people between the ages of 57 and 75. As the Baby Boomer population grew into adulthood they became known for their wealth, social activity, and physical fitness especially w
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It is officially 2021, and what was quite possibly the most challenging year for your company is behind us. The effects of COVID-19 are still apparent as the pandemic continues to claim lives in high numbers every day. Effective vaccines are giving us hope for significant improvement in the 3rd and 4th quarters of 2021. What does this mean for you or your business? Inevitably, because ma
Read More “How to Value Your Company After COVID - It May Not Be As Difficult As You Think”
The Capitalist Sage Podcast: Working ON Your Business and Setting Annual Goalswith Karl Barham and Rico Figliolini On this episode of the Capitalist Sage, Karl and Rico are joined by Brian Sulka from Provisus Partners. Sulka is here to share some knowledge about the Entrepreneurs' Operating System (EOS) and help you figure out the role you need to play in your business journey.
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When considering selling your business, it is crucial that the potential sale remains confidential. Having employees, customers and vendors learn of a possible sale can have devastating consequences on the business. For instance, customers may leave, employees may seek out other opportunities and the valuation of your business may decrease. These problems may weaken your bargaining position as you
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To sell your small business, there are some very crucial steps to take before the listing. For one, it is very important to understand your business’s value in the marketplace. Obtaining a valuation allows you to thoroughly understand a business’s financials and their value in the marketplace, and give you an understanding of the price at which you should list your busi
HOW TO INCREASE THE VALUE OF YOUR BUSINESS, GROW IT AND SELL IT. Every small business owner needs know how to increase the value of your business to grow and sell it. Check out a recent discussion on the Capital Sage Podcast with Andy Cagnetta President and CEO of Transworld Business Advisors, the world largest business brokerage firm with offices all over the world. Preparing a
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Hiring a business broker may seem complicated and an unnecessary expense to someone who is trying to save money and simplify the sale of their business. Why add more to your long list of to-dos when you have enough going on? Well, the thing is, a business broker is so much more than just an extra set of hands. Studies have shown that working with a broker increases your chances of selling your bus
Read More “Five Reasons Business Brokers Improve Closing Rates”
Did you think we would still be discussing COVID-19 this summer? Some of you knew we’d be in this for a long time, others may have believed the world would normalize by May. Whichever may be the case for you, this pandemic is still very real within our borders and it is affecting our lives and businesses. You don’t need to put on hold all of your plans. Interestingly enough, business s
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Small business owners do not have the cushion of IPOs and board members to fall back on. In fact, many of these businesses do not have million-dollar investors knocking on their doors for the latest advancement in tech. Small business owners are everyday people – with common, everyday anxieties. A new year can often feel like a fresh start, but in some cases, it can feel like the beginnings
2020 is nearly over... finally! Take the rest of this year to be ready for a successful business exit next year! View our Pre-Sale Checklist for Selling Your Business The fourth quarter is always a perfect time to plan for next year. As a small business owner, you might be thinking about selling your business. Whether the reason is early retirement or the desire to invest in a new endeavor, there
Industry Spotlight: Retail Businesses Optimistic is the word most retail business owners used to describe their outlook for growth when they answered market research company CIT's 2016 Survey of Middle Market Retailers. The survey, conducted by Harris Poll, found that 80% of retail businesses of various sizes say their overall financial condition is healthy or very healthy - a huge increase over
SMART BUSINESS OWNERS PLAN THEIR EXIT STRATEGY How can I maximize the value of my business? As a Transworld Business Brokerage, we are asked this question frequently. In this section, we will discuss the steps and strategies that a business owner can employ when preparing to sell a business. The key is preparation – the better prepared your exit strategy is, the higher t
Industry Spotlight: Salons Owning a salon is the ideal enterprise for entrepreneurs who enjoy making customers feel great about themselves. Because a significant portion of the consumer population rarely sacrifices spending on personal appearance and grooming even in hard economic times, the salon industry is virtually recession-proof. With fashion at its center, the salon industry further offers
It may come as no surprise that the pizza industry is fast-growing and extremely popular among consumers. With taste and quality being among the most important qualities when choosing a restaurant, of 68,950 restaurant goers, 47% actually stated that reasonably priced food outranked food quality (30%) and type of cuisine (25%). Studies conducted in the United States showed 18.5 billion of 45.1 bil
Industry Spotlight: Craft Businesses The craft industry includes goods that are handmade by artisans or those skilled in a particular trade. According to the Craft & Hobby Association, the craft industry includes businesses engaged in the design, creation, distribution, and sales of products. During the recession, when many other retail sectors declined, the craft and hobby industry held steady a
Transworld Business AdvisorsBRIDGE plan The current Covid-19 response and its effects on the economy will no doubt be challenging to everyone. None more than small business and their employees, but we have been here before. Just as we weathered 9/11, hurricanes, and severe economic downturns we can work together to survive this. The good news is that this will be temporary. Although it may be ve
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Three Factors to Consider when Transferring Your Business to a Family Member The day will come when you may have to walk away from your business and begin a new chapter of your life. Quite often, businesses are transferred from one family member to another – many times from parent to child. If you have reached that well-deserved retirement, here are factors to consider when transferring you
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While we hear a lot about starting a business, it is not every day that we hear about leaving a business. There are many reasons why people consider exiting a business; no matter the reason, it is always good to ensure that you meet your business goals and get a fair return on the sale. There are several exit strategies a business owner can choose from when they have decided the time has come
Why Working With a Business Broker to Sell your Business Matters Business brokers, also called business transfer agents, or intermediaries, bring many benefits to the table for buyers and sellers as they assist in the process of buying and selling a business. Transworld Business Advisors is a global network of brokers offering a turnkey solution for those that want to build a solid
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Following trends is not just about hashtags and designer labels. Market research for entrepreneurs and business owners can make all of the difference when on the hunt for the next big purchase. Market research is conducted to get into the psyche of the consumer - what makes someone more or less inclined to purchase your product or service? Once a business owner understands this, it can impro
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Your business's social media presence, particularly on LinkedIn, can make your business more attractive to potential buyers through goodwill and branding. We live in the digital age – the era of the Internet and social media. It is rarer now to find a restaurant without Wi-Fi than ones with it. Therefore, it should come as no surprise that businesses are only encouraged to have a social medi
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2020 Small Business Trends for Investors In order to predict business trends in 2020, one must reflect on the previous year. As we enter into the first months of this new year, let’s take a look at some of the fastest-growing new industries in the United States. Wind Turbine Installation Automated Guided Vehicle Manufacturing Solar Power Social Networking Platf
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You’ve put your heart and soul into your business to get where you are today. You are ready to close the book on this chapter of your life and start something new, be it a new venture or enjoy a well-deserved slower pace. The first task is deciding what your exit will look like, and then you can make preparations for that transition. For those whose business is just beginning or
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