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Expectations for Business in 2023

By Patrick Bice | February 4, 2023

BizBuySell just released its latest insight report, which tracked sales and growth in 2022 and compared it to the prior year. Overall, we are seeing a high demand for service-based businesses as well as an increase in restaurant business sales. The insight report also reveals what business brokers across the country are expecting for 2023…

offering memorandum

What is an Offering Memorandum?

By Patrick Bice | January 24, 2023

Business owners planning to sell their businesses will need to create an offering memorandum.  Also known as a selling memorandum, or a selling memo, this document will provide an overview of the business, and reasons why the business would make a good investment for potential buyers. Here’s what to include, in a business selling memorandum.…

5 Ways that Sellers Can Focus on the Positives

By Patrick Bice | January 21, 2023

When you are looking to sell, always focus on the positive aspects of your business. Many business owners fail to properly make a case for the benefits of their businesses to prospective buyers.  Be sure to make it clear that your business has stability and ample financial health. Let’s take a closer look.  1. Prepare…

The Top 3 Reasons Why Deals Fall Through

By Patrick Bice | January 14, 2023

No one likes to think about the deals that didn’t succeed. However, the fact of the matter is that sometimes things go wrong during the process and a sale doesn’t successfully close. We have pinpointed the most common reasons why this happens into three main categories. By understanding the issues that can prevent a deal…

The Four Essential Stages of a Closing

By Patrick Bice | January 7, 2023

When it comes to reaching a successful closing, there are four important stages to keep in mind. In this article, we will take a look at the process and what sellers can expect. If you are planning to sell a business, it is also helpful to understand in depth what the stages are from a…

Take Inventory of Your Company

By Patrick Bice | December 17, 2022

Most business owners don’t give a second thought to the idea of going to the doctor for an annual physical. So why do they not give the same level of care and consideration to their company? The fact of the matter is that many executives literally go decades without giving their companies a “physical.” They…

5 Elements for Buyers to Investigate

By Patrick Bice | November 19, 2022

When you’re in the process of buying a business, it’s important to stay logical. No matter how good the opportunity may seem at first glance, be sure to carefully evaluate the business in a step-by-step manner. Regardless of how excited you might be about the prospect of ownership; you’ll want to have your guard up…

Defending Your Asking Price

By Patrick Bice | November 12, 2022

When you’re putting your business on the market, one of the top considerations is your asking price. Once you have a fair price established, let’s take a closer look at how business brokers and M&A advisors work with their clients to back up that price with details concerning why it is justified.  Telling the Story…

Common Legal Mistakes That Sellers Make

By Patrick Bice | November 5, 2022

Nothing strikes fear in the heart of a business owner like a legal mistake. The best way to ensure that you will avoid serious legal issues is to work with a trusted and experienced team. Otherwise, it’s easy to accidentally miss necessary steps.  When you’re selling a business, there are a lot of moving pieces,…

What Does the Road Ahead Look Like?

By Patrick Bice | October 29, 2022

Each quarter, the Market Pulse Report issues a report revealing information about market conditions The report is supported by M&A Source and the International Business Brokers Association. The data that is analyzed is based on a comprehensive survey of business brokers and M&A advisors. The report focuses on Main Street businesses (with values up to…