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What to Consider Before Handing Your Business Over to the Next Generation

No business owner will be able to stay with their business indefinitely. For this reason, you will either have to eventually sell or hand your business off to the next generation. Let’s take a closer look at the concept of handing a business over to a family member and how you can make sure that…

The last thing that any business owner wants is for a sale to fall through over something that was completely preventable. The good news is that with proper preparation and planning, these mistakes can be minimized or avoided altogether. Workforce Issues One of the top mistakes that business owners can make is allowing for an…

There are many different strategies that will likely be deployed during the sales process. In this article, we’ll focus on how to utilize the Confidential Business Review CBR and/or CIM. Frequently, the Confidential Business Review is also referred to as a Confidential Information Memorandum. But no matter what name is used, the CBR/CIM provides a…

What Exactly is a Business Broker & What Do They Do?

Are you a small business owner looking to sell your business in Connecticut? Or are you an entrepreneur looking to purchase a new business in the state? If so, then chances are you have come across the term “business broker” in your research. But what exactly is a business broker and what do they do?…

Great deals can quickly be derailed when confidentiality agreements are not properly used and observed. The number of headaches that can occur due to a failure to follow the requirements of a confidentiality agreement are rather extensive. Whether it is employees discovering the potential sale, to the loss of key customers or even alerting a…

Business Brokers: Should you be selective?

In the world of business transactions, the role of business brokers cannot be understated. These professionals act as intermediaries between buyers and sellers, facilitating smooth transactions and ensuring both parties get a fair deal. If you’re in Philadelphia, PA, you might be wondering if being selective when choosing a business broker is recommended. The answer…

Selling a Business: No Regrets?

If you’re a business owner in New York City looking to sell your company, you might consider working with a business broker. Business brokers are professionals who specialize in facilitating the sale of businesses. They can help you find potential buyers, negotiate deals, and handle all the paperwork involved in selling a business. But is…

For most entrepreneurs, finding the money to launch their first business stands as a tremendous challenge. The good news is that getting a loan through the Small Business Association (SBA) is turning out to be a viable option for many business owners. The SBA doesn’t directly provide loans itself, but instead, works to facilitate lending.…

The Key to a Successful Sale: Working with Business Brokers

For many small business owners, selling their company can be a daunting and overwhelming task. Not only is it emotionally taxing to let go of something they have built from the ground up, but there are also numerous financial and legal considerations to navigate. This is where business brokers come in. Business brokers act as…

There can be no doubt that the quality of your employees will directly impact the quality of your business and its long-term value. Employee quality and the success of your business are intrinsically linked. Unfortunately, far too many entrepreneurs learn this lesson too late, and their businesses suffer as a consequence. Employees who do not…