Sell a Business Articles

Around the Web: A Month in Summary

By Patrick Bice / December 18, 2018 / Comments Off on Around the Web: A Month in Summary

A recent article from Divestopedia entitled “When is the Best Time to Sell My Business” explains that a business owner who is looking to sell should begin preparing for the sale three years before they plan to list their business on the market. The state of the market matters when listing your business, but what…

Read More

What Sellers Don’t Expect When Selling Their Companies

By Patrick Bice / December 13, 2018 / Comments Off on What Sellers Don’t Expect When Selling Their Companies

In the proverbial “perfect world,” business owners would plan three to five years ahead to sell their companies. But, as one industry expert has suggested, business owners very seldom plan to sell; rather, selling is “event driven.” Partner disputes, divorce, burn-out, health, and new competition are examples of events that can force the sale of…

Read More

The Importance of Understanding Leases

By Patrick Bice / December 5, 2018 / Comments Off on The Importance of Understanding Leases

Leases should never be overlooked when it comes to buying or selling a business. After all, where your business is located and how long you can stay at that location plays a key role in the overall health of your business. It is easy to get lost with “larger” issues when buying or selling a…

Read More

Day One is the Day to Prepare Your Exit

By Patrick Bice / November 14, 2018 / Comments Off on Day One is the Day to Prepare Your Exit

Pepperjam CTO, Greg Shepard recently published “Planning Your Exit Should Begin When You Launch” in Entrepreneur magazine. In this article, Shepard puts forward a variety of thought-provoking ideas including that entrepreneurs should be thinking about partnering early on with those they believe will ultimately want to buy their business. Thinking Ahead Much of Shepard’s thinking…

Read More

What Makes the Sale of a Business Fall Through?

By Patrick Bice / November 6, 2018 / Comments Off on What Makes the Sale of a Business Fall Through?

There are a myriad of reasons why the sale of a business doesn’t close successfully; these multiple causes can, however, be broken down into four categories: those caused by the seller, those caused by the buyer, those that just happen (“acts of fate”), and those caused by third parties. The following examines the part each…

Read More

When It’s Time to Sell, Put Your Strengths First

By Patrick Bice / October 31, 2018 / Comments Off on When It’s Time to Sell, Put Your Strengths First

Putting your strengths first will help you sell your business. While this may seem obvious, a surprising number of business owners will either improperly index the strengths of their business or fail to emphasize those strengths adequately. In this article, we will examine five key business strengths that you should focus on when it comes…

Read More

Evaluating Your Company’s Weaknesses

By Patrick Bice / October 24, 2018 / Comments Off on Evaluating Your Company’s Weaknesses

The time you spend evaluating your company’s weaknesses is, as it turns out, one of the single best investments you can hope to make. No one should understand your company better than you. But to fully understand your company, it is essential that you invest the time to understand your company’s various strengths and weakness.…

Read More

The Top Three Major Legal Mistakes to Avoid During a Sale

By Patrick Bice / September 26, 2018 / Comments Off on The Top Three Major Legal Mistakes to Avoid During a Sale

The business sale process can be complex, which is part of the reason why it makes sense to have expert help in the form of a business broker. Legal mistakes can be very costly mistakes. A legal mistake can also bring the entire sale process to a sudden and complete halt. Let’s take a closer…

Read More

5 Key Factors in Transferring Your Business to a Family Member

By Patrick Bice / September 5, 2018 / Comments Off on 5 Key Factors in Transferring Your Business to a Family Member

The odds are that you’ve put a great deal of yourself into your business. Inevitably, the day will come when you have no choice but to walk away from your business and begin a new chapter of your life. Quite often, businesses are transferred from one family member to another. In this article, we will…

Read More

Maintaining Confidentiality Throughout the Sale Process

By Patrick Bice / August 28, 2018 / Comments Off on Maintaining Confidentiality Throughout the Sale Process

There are two key ingredients when it comes to selling a business: professionalism and confidentiality. If either of these two ingredients are lacking, then you’ll most likely run into problems. Sadly, many sellers see their deals fall apart due to a breach of confidentiality. You certainly don’t want to be among their ranks. The simple…

Read More