Fatal Mistakes You Can Make When Selling Your Business Selling a business is not easy. Each deal has its challenges and nuances. I guess that is why I love what I do, and I also know how valuable our service is at Transworld. Many people think it's as easy as placing an advertisement somewhere and wait for the perfect buyer to call. I wish I could say i
Read More “Fatal Mistakes You Can Make When Selling Your Business”
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 to e
In order to determine the worth of a business, there are multiple factors to consider. It goes beyond how much money is made on an annual basis; in fact, all aspects of its past, present, and future are considered. It can seem daunting to try to calculate this on your own. For this reason, a proper business valuation must be conducted. This is the first step you will need to take when w
How does Transworld Business Advisors value your business? Valuation is the number one question of all of our sellers when contemplating a sale. Unfortunately, there is not an easy answer, because business valuation is an art, not a science. However here are four criteria we use to help you understand what can determine value. 1. Fair market value - The price at which the property would change h
Read More “How Does Transworld Business Advisors Value Your Business?”
What is the First Thing I Should Do to Sell My Business? The first thing you should do when you are trying to sell a business is to get a valuation. A business valuation is an objective determination of what your business is worth. This gives a way to measure the offers you receive from buyers. A Professional Valuation should: - Give you an idea of what you can expect to net from the sale. - F
Read More “What is the First Thing I Should Do to Sell My Business?”
Purchasing a business is one of the most crucial decisions you will make in your life. It is a massive financial commitment, so ensuring that everything is in order is important. Before making an offer find out the answer to these three questions to ensure you are entering a good deal. 1. What is the owner's reason for selling the business? The reason a business is sold will reveal important in
How to Get the Best Price When Buying a Business You have found the business of your dreams and you want to buy it but aren't sure where to start? Talk with a business broker and consider these 5 tips! 1. Determine Your Must Have's and Budget Before you begin the process you want to clearly know where you stand. This will avoid confusion in the future. 2. Do Your Research Each property or bu
