27 Jun Don’t Take the Lease for Granted
The cliché is that the key to business success is: location - location - location. If you own a business in which the location is an important reason for the...
Golden Circle Insights
27 Jun The Very Expensive Desk Lamp
This is a story based on a true incident - only some of the details have been changed. The buyer and seller were ready to close on a business when...
27 Jun How Important is the Asking Price?
Depends on whom you are asking. If you're the seller, you might say that the asking price is too low. The buyer would say, obviously, that the asking price is...
27 Jun Why Your Business Won’t Sell
What are the odds of your business actually selling once you have made the decision to sell? Well, if the annual sales of your business are $750,000 or less, research...
27 Jun Selling Your Business — What’s the Reason?
There was a study done, years ago, that showed that the reason businesses were for sale had a direct relationship to its probability of sale. Reason for Sale %Reason for Sale %Probability of...
27 Jun Finding a Buyer Is Just the Beginning
Many people who are selling their business think that once they find a buyer, the business is sold. Unfortunately, the real work is just beginning. Once a buyer is interested,...
27 Jun Selling a Business?
Prepare for new management. As soon as you make the decision to sell, begin doing what you can to help the business run "on its own." The business should not,...
27 Jun Selling Your Business — Some Key Questions and Answers
Selling your business is a major decision! You have devoted your time, money and energy to building, running and operating your business. It may well represent your life's work. You...
27 Jun Don’t Let Sleeping Dogs Lie
If you're considering selling your business, and you are employing a professional business broker or intermediary, it's imperative to be absolutely open with him or her. This is not the...
27 Jun Ten Mistakes that Sellers Make
1. Not knowing what the business should sell for One of the most costly errors a business owner can make is not knowing the approximate price of his or her business...