The buyer always starts out at a disadvantage when purchasing a business. The seller is trying to sell their business for the highest price possible and will likely provide you with the most accurate picture of the company's current state. However, buying a business is a risky proposition as unforeseen issues can turn a good opportunity into a disaster. To avoid the risks of buying a business, consider...
June 2022
The plumbing industry is booming, and the number of opportunities for those who want to start their own business are growing too. If you’re thinking about buying a plumbing business or selling your current one, this guide will help you make an informed decision. Before you pull the trigger on selling your business, though, you need to know if it’s right for you. Read on to learn more about the pros and...
Resilient, durable, and maintenance-free. That’s how resin flooring is described. With the rise of resin flooring there has been a surge in demand for this kind of finish. Resin flooring is a building material that is ideal for residential properties as well as commercial spaces. There are many benefits that come with using resin floors over other alternatives. Read on to know more about the advantages...
Planning for a business sale should begin a year or more before the actual sale. This will allow time to organize your financial records, customer base, and other elements, and determine how much to price your business. You should hire a business appraiser if you don't have one, and consider whether you will handle the sale on your own or use a business broker. Organizing financial records and consulting...
Having a plan will help you make better decisions for your business. Having a business plan will help you understand the big picture, including when to sell, how much to charge, and what to include in your business's financial projections. It will also help you decide what steps to take next, such as hiring staff and hiring contractors. Having a plan will make the whole process go much more...