When it comes to buying a business, nothing is more important than the factor of due diligence. For most people, this investment is the single largest financial decision that they will ever make. And with this important fact in mind, you’ll want to leave absolutely no stone unturned. Let’s examine the three most commonly overlooked…Read More→
Mistakes Business Owners Make
/in Creative Business Services Posts, Josh Phillips /by CBS-GlobalMost business owners who have grown their business for years are confident it will sell for top dollar and enable them to retire comfortably after all their hard work and sacrifice. They don’t realize that some of the decisions they’ve made in running their company may negatively impact the real value of their business. Three…Read More→
Interested in Buying a Business? Check Out These 3 Commonly Overlooked Areas
/in Buyer Articles /by bbpadminWhen it comes to buying a business, nothing is more important than the factor of due diligence. For most people, this investment is the single largest financial decision that they will ever make. And with this important fact in mind, you’ll want to leave absolutely no stone unturned. Let’s examine the three most commonly overlooked…Read More→
5 Key Factors in Transferring Your Business to a Family Member
/in Seller Articles /by bbpadminThe odds are that you’ve put a great deal of yourself into your business. Inevitably, the day will come when you have no choice but 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. In this article, we will…Read More→
10 Things Successful People Never do Again
/in Creative Business Services Posts, Mike Van /by CBS-Global10 Things Successful People Never do Again I had a recent business scenario that took me in, and when I look back I realize I was ignorant of many of the 10 things mentioned in this article. Trust someone or something that appears flawless – For me, the situation and the process moved at a…Read More→
Maintaining Confidentiality Throughout the Sale Process
/in Seller Articles /by bbpadminThere are two key ingredients when it comes to selling a business: professionalism and confidentiality. If either of these two ingredients are lacking, then you’ll most likely run into problems. Sadly, many sellers see their deals fall apart due to a breach of confidentiality. You certainly don’t want to be among their ranks. The simple…Read More→
Financing Operations
/in Creative Business Services Posts, Josh Phillips /by CBS-GlobalFinancing a business acquisition is part of the concern on a buyer’s mind. Funding operations successfully is also a concern. When negotiating the acquisition, we often advise buyers to negotiate additional operational funding at the same time. Operational funding may come from cash reserve. This would be self-funding, the easiest way to finance operations. The…Read More→
How will a buyer finance the purchase of my business?
/in Creative Business Services Posts, Josh Phillips /by CBS-GlobalHave you ever wondered how the buyer of your business will finance the deal? A buyer can purchase either the assets or the stock of a business. Most asset purchases involve the transfer of some assets and liabilities. In buying the stock of a business however, buyers acquire the assets, liabilities and risks too. There…Read More→
10 Common Mistakes When Selling a Business
/in Creative Business Services Posts /by Garrett SlateNo one thinks that selling something you’ve spent decades building will be easy. Yet many owners are surprised to learn that the hardest part of business ownership is often selling the business. Many frustrations associated with a sales could be completely avoided with a little planning and information. Here are the 10 most common challenges…Read More→
Who will buy my business?
/in Creative Business Services Posts, Josh Phillips /by CBS-GlobalIn addition to the question, “How much is my business worth?” I often hear, “Who will buy my business?” from my seller clients. These 2 little but important questions are asked by all savvy business owners at some point in time. At Creative Business Services, we maintain a healthy database of potential buyers in a…Read More→
An Excuse to Be Lazy? What You Can Learn From Ben Franklin’s “Lost Virtue”
/in Creative Business Services Posts, Mike Van /by CBS-GlobalI am sure some of you will remember how you got your first car. My first car memory is still vividly with me and something I will never forget. Definitely a grandchildren story! The article within may bring both some early years and current content for you. I highlighted some points that sure hit home…Read More→