Entrepreneurs really do think of business as their baby
Many business owners say selling their business feels like giving a child up for adoption. As it turns out, that’s not just a metaphor. Research shows entrepreneurs really do think of their business as a kid.
Researchers found parallel brain activity between owners thinking about their business and parents thinking about their kids.
What to Do With Unsolicited Offers to Buy Your Business
For many owners, it’s the ultimate dream of running a business: a buyer approaches, offering to buy the business without any effort on your part. Even if you’ve never before considered selling your business, a particularly enticing offer might change your mind. After all, no one relishes the idea of marketing a business for months,
5 Questions You Must Ask Before You Buy a Business
If you’re contemplating a Denver business acquisition, you may be reluctant to trust the seller and concerned about the inherent risks. Or perhaps you’re excited about the investment, and how you might use it to change the world—or at least your own life. Many people planning to buy a business vacillate between these two extremes.
HOW TO PREPARE YOUR BUSINESS FOR SALE
(Used with permission of the author, C. Peter Smith)
PREPARE YOURSELF
Have a personal financial plan prepared that projects your financial future after business is sold. Qualified financial planners can assist in projecting retirement needs, college education expenses, life insurance requirements, etc. In order to project a realistic personal financial plan,
Want to Buy a Business? Here’s How.
The thought of running your own business can be exciting, and a little scary. One way to transition to entrepreneurship without all the upfront labor is to purchase an existing company. There are lots of costs, of course, but you don’t have to come up with an idea and grow it on your own. You can invest in something that’s already succeeding,
Seven Signs of a Healthy Denver Business Acquisition
COVID may not be behind us, but companies are certainly ready for it to be. We’re seeing a steady increase in Denver business acquisitions, and we expect that trend to continue. If you’re contemplating purchasing a company, it’s more important than ever to understand exactly what you’re getting into—and what shortcomings your deal partner has,
Due Diligence: What You Need to Know Before Buying a Denver Business
You can’t buy a business without a full understanding of what you’re purchasing. And that means you can’t blindly take the owner’s word for much of anything. The process of investigating the business, verifying owner claims, and learning about any liabilities is called due diligence. It can be one of the most involved aspects of purchasing a business,
Tips to Find the Best Business Broker to Sell Your Denver Business
Selling your small business for a high price usually requires years of persistence. Even with a lot of work, though, finding the right buyer can be challenging—especially if you’re not in a hot niche. Business brokers are like match makers for your business, taking the work out of the process to connect you with highly qualified buyers who see your company’s true value.
M&A Strategies 101: How to Ensure Your Denver Business Acquisition Succeeds
The right business acquisition can catapult your Denver business to greater heights of success, but many companies fail to plan and execute the right M&A strategy. Here’s what you need to know as you consider your Denver business acquisition strategies.
What Are Business M&A Strategies?
At its core, your strategy is the reason for the deal.
Need to Sell Your Business Quickly? Follow These Steps.
There are plenty of valid reasons to sell your business, from retirement to a sudden loss of revenue. In an ideal scenario, you plan ahead, sell your business when it’s thriving, and choose a time when the market is flush with buyers. But what if you need to get out as quickly as possible? You can still turn a profit if you follow these steps.