Tuesday, April 11, 2017

A Fix-and-Flip Business-Buying Checklist

One alternative to starting a business from scratch is to buy an existing business and turn it around -- a method that may help you redefine your own thoughts of what a "startup" could be.

The past few years have been very profitable for entrepreneurs with an eye for turning around existing -- but underperforming -- operations, limiting their own risk while leveraging resources that already exist in the business.

Business-for-sale transactions increased in 2012, according to business brokers surveyed by BizBuySell.com, the online marketplace for buying or selling small businesses, and they expect even more businesses to change hands next year. Nearly two-thirds (61 percent) of survey espondents said that there was an increase in business succession in 2012 and about 57 percent forecast a continued rise next year.

Friday, April 7, 2017

10 Questions to Ask Before Selling Your Business

If you’re thinking about selling your business, think twice. Selling a business should never be a spur-of-the-moment decision, says Curtis Kroeker, group general manager for San Francisco-based BizBuySell.com and BizQuest.com, business-for-sale marketplaces that have an inventory of about 40,000 businesses. "You need to figure out things like if you should sell, when is the best time to sell, and what you need to consider before selling, among many other considerations."

So, should you sell your business? Here are 10 key questions to help you figure it out.