In 2018, BizBuySell.com, an online market for small businesses, reported a 4% increase in businesses sold since 2017, and a 31% increase over businesses sold in 2016. The number of businesses sold has been the highest the last 3 years since BizBuySell.com began tracking sales in 2007. This is attributed to a healthier economy and…Read More→
Can We Get More Done in Our Lives or is This Just a Myth?
/in Creative Business Services Posts, Mike Van /by CBS-GlobalThe key question from this article is “Are you treating every minute of your day equally”? The article explores and asks each one of us if we treat the minute we crawl out of bed differently than the minute we take on a challenge. Do we stretch minutes or do we rush minutes? As a…Read More→
Confidentiality Agreements: What are the Most Important Elements?
/in Seller Articles /by bbpadminEvery business has to be concerned about maintaining confidentiality. In fact, it is common for business owners to become somewhat obsessed with confidentiality when they are getting ready to sell their business. It goes without saying that owners don’t want the word that they are selling to spread to the public, employees or most certainly…Read More→
18 Commercial Real Estate Trends to Dominate in 2019
/in Creative Business Services Posts, Josh Phillips /by CBS-GlobalAlready in February commercial real estate is off to a great start. Industrial real estate demand soared to new heights in 2018 and continues to grow in 2019 too fueled largely by ecommerce companies and an economy that’s healthier now than it has been in a long time. Many are on the lookout now for…Read More→
Small businesses sold up for 2nd year in a row – a trend continuing through 2019.
/in Creative Business Services Posts, Josh Phillips /by CBS-GlobalIn 2018, BizBuySell.com, an online market for small businesses, reported a 4% increase in businesses sold since 2017, and a 31% increase over businesses sold in 2016. The number of businesses sold has been the highest the last 3 years since BizBuySell.com began tracking sales in 2007. This is attributed to a healthier economy and…Read More→
Goodwill and Its Importance to Your Business
/in Seller Articles /by bbpadminWhat exactly does the term “goodwill” mean when it comes to buying or selling a business? Usually, the term “goodwill” is a reference to all the effort that a seller puts into a business over the years that he or she operates that business. In a sense, goodwill is the difference between an array of…Read More→
The Sale of a Business May Actually Excite Employees
/in Seller Articles /by bbpadminMany sellers worry that employees might “hit the panic button” when they learn that a business is up for sale. Yet, in a recent article from mergers and acquisitions specialist Barbara Taylor entitled, “Selling Your Business? 3 Reasons Why Your Employees Will Be Thrilled,” Taylor brings up some thought-provoking points on why employees might actually…Read More→
Can You Sell a Business While Still Keeping it Secret?
/in Resources For Selling /by CBS AdminOwners selling a business face two competing demands: the need to market the business to potential buyers via a compelling story and the need to protect sensitive data about the business from falling into the wrong hands. Key to this is developing a short list when you put your business is on the market. But…Read More→
Around the Web: A Month in Summary
/in Seller Articles /by bbpadminA recent article from Divestopedia entitled “7 Fundamentals to Due Diligence You Need to Know” explains the due diligence process and what it means regarding sellers and buyers and their roles in the process. Whether a company is being sold or it is merging with another company, it is standard practice to go through the…Read More→
A Look at Divestopedia’s Article, “The Myth of Fair Business Valuation”
/in Seller Articles /by bbpadminIn Divestopedia’s article, “The Myth of Fair Business Valuation: What Professional Valuations Don’t Tell You,” author Chak Reddy is quick to point out that the “type of buyer and method of sale are two important (yet often overlooked) value determinants when finding a starting price for your business.” Reddy brings up some excellent points. One…Read More→
How the Right Business Model Can Improve Business Valuation
/in Resources For Selling /by Garrett SlateSelling your business is a deeply personal decision. When the time comes, owners understandably want to maximize their closing value. After all, they’ve committed years and perhaps a lifetime to building a successful company. One often overlooked driver of business value is the business model. Finding qualified buyers is a significant undertaking, and simplicity is…Read More→