There is no underestimating the importance of negotiation when you are buying or selling a business. Let’s take a look at some of the most often used strategies and our recommendations. The Direct Approach One approach in negotiations is what we often refer to as the “take it or leave it” strategy. In this scenario,…
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No one wants to waste their time and energy trying to sell their business to someone who isn’t actually planning to buy. That’s why it’s so important for you and your business broker or M&A advisor to focus on the most qualified and serious buyers. But how can you really make these kinds of assessments…
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A partnership agreement is a legal document that provides an outline of how a business will be run. This agreement will often be used by small for-profit businesses when two or more people are involved. It’s an essential document to have, especially in the case when a dispute arises between partners. Even if you have…
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As a business owner, your natural inclination is likely to be considering the strengths of your business and how to perform even better in the future. However, the truth is that sitting back and thinking about your flaws can actually benefit you in the long run. When you have a full understanding of where you…
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BizBuySell has issued their latest insight report, which summarizes market growth and trends from last year. In this report, they have several interesting areas to report including a summary of how lower sales prices and rate hikes impacted the value of businesses in recent months. The report can be found at https://www.bizbuysell.com/insight-report/#reportArchive. Overall Trends in…
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BizBuySell just released its latest insight report, which tracked sales and growth in 2022 and compared it to the prior year. Overall, we are seeing a high demand for service-based businesses as well as an increase in restaurant business sales. The insight report also reveals what business brokers across the country are expecting for 2023…
Read More »Deciding whether to buy or sell a business is an important decision that requires careful consideration. It’s not as simple as finding the right buyer or seller and then signing on the dotted line. There are many factors to consider, such as finances, contracts, and legal requirements. In addition, working with a business broker can…
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When you are looking to sell, always focus on the positive aspects of your business. Many business owners fail to properly make a case for the benefits of their businesses to prospective buyers. Be sure to make it clear that your business has stability and ample financial health. Let’s take a closer look. 1. Prepare…
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Selling your business can be a difficult and stressful process. Even if you have the time and energy to dedicate to it, it’s not always easy to know where to start. That’s why hiring a business broker is often the best way to go. Business brokers in Austin TX, specialise in helping you sell your…
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For business owners, the ultimate goal is to increase profits and grow their company. But navigating the complexities of finance, marketing, and other business-related tasks can be overwhelming. This is where a business brokerage can help. A business brokerage in Austin specialises in helping clients buy, sell, and operate businesses. They can provide valuable services…
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