November 20, 2019

Taking Over an Existing Business

If you think you have the chops to be an entrepreneur, but would rather not start with a new idea — or just plain don’t have a new idea worth starting — you may be a great candidate to buy an existing business instead. While buying an existing business typically involves more upfront cost, it also presents less risk than starting from scratch. Financially, you’re looking at actual profit and loss records rather than rough estimates, and there’s a clear history of sales to point to. You may also acquire valuable patents or copyrights, or have the opportunity to drive a stagnant business in an exciting direction with your expertise. Why founders sell businesses It’s a common misconception — a cultural stigma, even […]
November 20, 2019

5 Things You Should Know About Selling Your Business

Some entrepreneurs approach selling a business the same way many people sell their house: They set the price high, hoping to close a deal with the top bidder. But there’s a lot more to a company sale than walking away with top dollar. Selling your business involves identifying the right buyer, properly valuing your operations, and considering the potential emotional impacts. Many entrepreneurs aren’t sure where to start, and they often don’t think about it until it’s too late. In addition to consulting experts and performing due diligence, there are five critical things every entrepreneur should keep in mind before selling their business—even if it seems a long way off. Value Your Business from the Start Many business owners wait […]
July 30, 2019

Turning Over Your Business? 5 Steps To Know

Whenever we start a business we hope to make it big, earn profits and expand a lot. But doing these are not easy. While we all expect the maximum return from our businesses turning over your business requires the implementation of some essential steps. So if you, like many are trying to know and understand the steps that will help you to turn over your business, this article will surely be of much help. Increasing your turn over Increasing your turn over is what all business men tries to do but to actually be successful in doing this requires some steps. Here are a few of them: Lowering costs Lowering costs of the company will inevitably result into higher turn […]
July 17, 2019

How to Make Your Business Sale-Ready?

Thinking of selling your business someday? Planning on leaving your empire to the kids with a chunk of cash attached? Dreaming of retiring to the sunny beaches of a Caribbean island? Perhaps you’re planning on doing any (or all) of these things from the sale of your business. And, OK, maybe we’re dreaming a little. But, still, selling your business can be a smart decision. Good reasons to sell include: the market telling you it’s the right time; you’re no longer interested; you have dysfunctional relationships with your fellow business owners; or you’re just plain ready to retire. So, even if you’re establishing a new business but have visions of someday selling it, there are several things to consider. Some business plans — especially […]