Sooner or later you are going to exit your business. The question isn’t whether or not you will be ready. The sixty four thousand dollar question is whether or not your business will be ready.It is estimated that seven out of ten privately held businesses have no succession plan to transfer the business to the [...]
Posts Tagged ‘Business Owners’
Ground Rules for Successfully Selling Your Business
Posted by admin on March 4th, 2010
Posted in Articles 
Tags: Business Broker, Business Business, Business For Sale, Business Operations, Business Owner, Business Owners, Distant Future, Diversification, Dollar Question, Existing Partners, Family Members, Health Issues, Instances, Market Share, Next Generation, Sad Truth, Second Generation, Selling Your Business, Semi Retirement, Succession Plan 
No Comments »The Difference Between Insurance Agents and Brokers
Posted by admin on March 4th, 2010
For a business owner seeking general insurance, the difference between a business insurance agent and broker is not just a matter of semantics. There are sufficient distinctions between the two that can influence whom you should insure your business with.Both business insurance agents and brokers are insurance intermediaries who assist business owners with insurance decisions. [...]
Posted in Articles Tags: Administrative Liability, Business Decisions, Business Insurance, Business Owner, Business Owners, Captive Agents, Distinctions, General Insurance, Independent Agents, Insurance Agent, Insurance Agents, Insurance Broker, Insurance Contracts, Insurance Decisions, Insurance Intermediaries, Insurer, Legal Obligation, Necessary Material, Premiums, Semantics No Comments »Selling a Business That Doesn’t Have Any Physical Assets
Posted by admin on March 1st, 2010
Oftentimes, business brokers are approached by business owners who are thinking of selling a business that has little or no tangible assets. Because there are minimal physical assets associated with the business, owners may think that the value of the business is very little.This is a common misconception in the marketplace – that the value [...]
Posted in Articles Tags: Asset Value, Business Broker, Business Brokers, Business Buyers, Business For Sale, Business Owner, Business Owners, Business Valuation, Business Value, Cashflow, Common Misconception, Critical Piece, Dangerous Assumption, Physical Assets, Profit History, Prospective Buyers, Selling A Business, Service Business, Tangible Assets, Valuation Principles No Comments »