Documented Processes Add Business Value
In my role as managing partner for CBI's Northwest Arkansas office, my team and I conduct a lot of analysis for each business we potentially list for sale. The initial review…
Insider tips on how to buy, sell, or grow your business
Five Reasons To Avoid FSBO
FSBO (For Sale By Owner) has become popular in the residential real estate market over the last few years, primarily because of the internet. However, for many reasons, selling a…
Be Ready To Sell; Simple Steps To Plan For Your Transition
Jon Holbert, CBI NWA Managing Partner It’s been said the time to plan for the sale of your business is when you first launch it. Truer words have never been…
Be Ready To Sell Your Business By Starting Three Simple Steps Now
The time is now to take simple steps to ensure your business is strong and ready to withstand any change, including its eventual sale. CBI shares 3 steps to take now.
Business Brokers
Factors to Consider Before Buying an Existing Business
By: Aspen Grams, Marketing Strategist If you’re looking to leave the corporate world and start a venture of your own, buying an existing business can be a great option. The…
Business Brokers
3 Tips for Selling Your Business
By: Aspen Grams, Marketing Strategist
Many Baby Boomers left the grind of the corporate world to start their own businesses and live their version of the American dream. Now that those dreams have come to fruition, trillions of dollars worth of businesses are expected to transition within the next 10 years.
However, without an accurate plan for their exit, these business owners won’t receive the nest egg they need for transition into retirement. If you are a business owner thinking about selling, read our three tips to successfully prepare for your business transition.
6 Tips to Add Value to Your Business
By: Aspen Grams, Marketing Strategist
The baby boomer generation continues to age. As a result, we’re seeing a steady increase in the number of business owners choosing to exit their business and enter retirement. If you’re planning to sell your business, knowing the value of your business is key. It ensures you receive top dollar for the company you’ve put your heart and soul into over the years. If you aren’t sure where you stand, keep reading to learn how to add value to your business!
Over-valuing the business results in a stagnant listing. Buyers pass by your listing in favor of an option with higher-perceived ROI. Under-valuing results in a sale that leaves you with less money than you deserve. Therefore, it’s important to have a valuation completed by a professional. Working with a business intermediary, such as the ones at CBI TEAM, ensures the valuation is accurate and timely. In addition to valuations, these intermediaries work on your behalf to secure qualified buyers.
If the valuation presented is less than desirable, you can enhance your growth track and reduce risks to your business before you list it. In this article, we identify three key value drivers for both growth and risk reduction. These will position your business as a sound investment to a qualified buyer.
(more…)
Business Brokers
5 Tips for Business Growth
By: Aspen Grams, Marketing Strategist Until the sale of your business is finalized, your focus as a business owner should be sustainable sales growth. Not only is it a good…