Just Elementary, Inc. » Archive
Tips for Business Buyers & The Role of the Business Broker
The following video will highlight some introductory tips and suggestions for buyers who are looking to buy a business. The process of finding a good business to buy can be a hard and frustrating one. Our simple tip to minimize frustration and maximize results is to narrow and focus your search to businesses that you are qualified to run based on your skill set and background. This also has the benefit that you have a higher … Read entire article »
Filed under: Business Valuation, Due Diligence
Exit Strategy Planning Review: Data Security & IT Issues in Small Businesses
Continuing in our series on Exit Strategy Planning, we bring you an interview with Dan Le of Red Cup I.T. Red Cup I.T. is based out of Santa Ana, CA and provides computer related technology services for small business owners. Securing and managing the data of your business is very important. There are many issues at play, starting with the security of your confidential financial data, confidential client data, intellectual property, and network uptime. If your business … Read entire article »
Filed under: Business Tips, Selling A Business
Exit Strategy Planning – Training the Buyer of Your Business
Exit Strategy Planning for Selling Your Business – Training the Buyer of Your Business Another one of the important points to consider when preparing your business for sale and when negotiating the contract to sell the business to the buyer is the seller training you will be providing. Like everything else in business, there are no hard and fast rules, but there are important factors to consider when proposing seller training terms. Which items to offer training for … Read entire article »
Filed under: Selling A Business
Seller Financing Why & Why Not to offer it in Selling your Business
Given the serious tightening of lending criteria, we’re back to the good ‘ol days of using seller financing to sell businesses again. So, what are the things you should consider in deciding whether or not to offer seller financing? (A) Why you shouldn’t offer seller financing: You need all of the money upfront You have to payoff business debts You are concerned you won’t get paid back (B) Reasons you should offer seller financing: Make buyers feel the business offering is credible … Read entire article »
Filed under: Business Tips, Selling A Business
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