Take a Look at Your Lease
If your business is not location-sensitive, that is, if your business location is immaterial to its success, then the following may not be important. However, lease information is usually helpful no matter what the situation. The business owner whose business is very dependent on its current location should certainly read on. If your business is location-sensitive, which is almost always...Read More
Rating Today’s Business Buyers
Once the decision to sell has been made, the business owner should be aware of the variety of possible business buyers. Just as small business itself has become more sophisticated, the people interested in buying them have also become more divergent and complex. The following are some of today’s most active categories of business buyers: Family Members Members of the seller’s own...Read More
Are you a “Baby Boomer” Business Owner?
The Unique Position of “Baby Boomer” Business Owners Are you a “Baby Boomer” business owner? If so, you are part of a significant demographic. It’s estimated that 52% of businesses in the United States are owned by individuals aged 50 to 88, translating to around 9 million businesses. To put it into perspective, a business owner turns 65 every 57 seconds....Read More
A Buyer’s Quandary
Statistics reveal that out of about 15 would-be business buyers, only one will actually buy a business. It is important that potential sellers be knowledgeable on what buyers go through to actually become business owners. This is especially true for those who have started their own business or have forgotten what they went thorough prior to buying their business. If a prospective business...Read More
