Let’s be honest: many small businesses are brought to life by the sweat and breath of their owners. And while rolling up your sleeves and turning your passion into profits is admirable, if you remain the single foundational element of your company, it’s harder to grow it into a mid-size business or large corporation. It […]
People often wonder why they should hire a business broker to sell their business, and most do not fully understand the value of a good business broker. Below are some reasons you may not have considered: The Value of Your Business Time and time again we come across sellers who don’t really understand the value […]
If you want to make it easy to sell your business, the core principle you need to remember is this: You should work every day to prepare your business for sale. Whether you have any intention of selling your company isn’t the point. The point is, preparing your business for sale long before you’re ready […]
Selling your business can be a huge step in your life and career, and at Twelve31 Advisors, our Advisors know that the reasons leading up to this decision are unique. However, some threads reoccur in business transactions, with common reasons for selling popping up among business owners. Here are four of the top reasons you […]
In the context of buying and selling businesses, due diligence refers to the research required to ensure you’re getting the best possible deal and that no surprises pop up after the transaction is finalized. Any business owner, that’s planning to make a move — either selling their own establishment or buying a new one — […]
Exit Strategies: Why You Need One and What It Should Include Whether your business is large or small, you may be at a season in ownership when planning your exit strategy has become desirable. An exit strategy encompasses more than putting up a “for sale” sign and waiting for buyers to tender offers. You need […]
With so many variables, it can be very difficult to place an accurate value on your business. Defining your businesses market value is not a definitive science. There are many factors to deliberate – from value of the assets, to competitor influence and other elusive elements. Put simply, the value of your business will be […]
Selling a business can take a lot of time and energy. By making use of our services you will understand more about why you need to carefully plan the sale of your business to maximize profits. When should I sell my business? Before you can even start thinking about selling your business you will need […]
The first step in getting a business sale across the finish line is knowing your buyers: who they are, what they’re looking for, and how you can help them set realistic expectations and steer clear of common errors. Dispelling persistent myths about buyer motivation is an important key to that process. We will review some […]
Millions of Baby Boomers have already made the move to retirement with many more following closely behind. If you’re part of the Baby Boomer generation and the 16.5 percent still in the workforce, it may be time to look forward to your own retirement and take the steps to secure your financial situation, so you […]