No matter how much someone loves their career or current position, there will come a time when they decide to move on or retire. When the person departing is the business’s leader, it can shock the organization. Business succession planning can help manage this process, making it smoother and more manageable for the person leaving and those remaining. Ensuring a smooth transition is vital no
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Business brokerage firms are integral when it comes to buying and selling a business. They facilitate the process by valuing businesses, identifying potential buyers or sellers, negotiating deals, and establishing legal and financial compliance throughout, ensuring that the process goes smoothly and provides the best value. Staying updated with emerging business trends is crucial for busine
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Thinking of selling your business? It’s a big decision, but it is a pivotal first step toward realizing the next step in your career, whether that means retirement or starting another venture. No doubt, you’ve spent considerable time weighing the pros and cons. Selling a business is a significant undertaking that requires careful planning, strategic thinking, and a keen understanding o
From the wheel to the steam engine to computers, technology continues to evolve and shift how we live our lives. The speed and power of computers have doubled about every two years over the last 60 years, which has enabled us to go from computers to go from weighing 30 tons and taking up 1,800 square feet of space to the world’s current smallest complete, operational computer that measu
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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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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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How challenging can selling a business be? On the surface, the prospect appears simple. First, you have a business and want to sell it, then you share that information and wait for a buyer. But the reality is both more complicated and more nuanced. Using a broker takes the pressure off you so you can focus on your business operations. Few business owners understand everything involved in
When it comes to running a successful business, having the right team of advisors by your side is crucial. But not all business advisors are created equal, and it can be difficult to know how to find the right one for your company. In this blog post, we'll take a look at the top qualities and qualifications that every reputable business advisor should have and show you how Transworld's team of adv
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Business expansion is an incredible accomplishment for any entrepreneur. When merging or acquiring a business, it is important to have a good team behind the scenes. A deal of this magnitude can be incredibly daunting and even impossible – without the guidance of an industry expert. A business advisor from Transworld instructs, guides, mediates, and negotiates to ensure you get the best poss
Read More “Why You Should Always Use a Business Broker to Help with Your Merger”
Studies have shown that 90% of business owners will fail to sell their businesses on their own. This is because selling a business is complicated. From prepping for the sale to considerations of the structure of the sale, identifying and locating the right types of buyers, negotiating the terms of the sale, due diligence, and closing. Hiring an experienced business broker can make all the differen
2020 is behind us, and this new year has brought some good news amidst the lingering uncertainty. With that comes the inevitable feeling of hope, and perhaps even excitement. Did you have plans this time last year before lockdowns began? Were those plans put on hold for the last 12 months? Believe it or not, you are not alone. As a small business owner in northern San Diego, we understand you felt
Can you believe 2020 is finally behind us? The year that simultaneously flew by but would somehow never end? With 2021 here, there is a greater sense of hope and excitement. Even though COVID-19 cases fluctuate up and down all over the country, there is a vaccine, some new plans, and some positive projections in San Diego and around the country. That said, the effects of 2020 are still looming. A
Read More “Forget 2020? Steps to Consider When Presenting a Bad Year to Buyers”
