Blog tagged as Business Operations

BizBuySell Market Insights

05.08.24 05:29 PM - By MARK HERRMANN - Comment(s)
BizBuySell Market Insights
Small business acquisitions reached a familiar milestone in the second quarter after growing 5% over the past year and 3% from last quarter, according to BizBuySell's Insight Data, which tracks and analyzes U.S. business-for-sale transaction and sentiment from business owners, buyers, and brokers.

Due Diligence: What To Expect As A Seller

02.08.24 06:07 PM - By MARK HERRMANN - Comment(s)
Due Diligence: What To Expect As A Seller
For most, the sale of a business is a new experience that requires sellers to learn many entirely foreign processes in a very short amount of time. The many steps to selling your business can be long and tedious, and chief amongst those steps in terms of length and tedium is due diligence.

SBA's Streamlined Process Fuels Record Small Business Applications

27.06.24 03:35 PM - By MARK HERRMANN - Comment(s)
SBA's Streamlined Process Fuels Record Small Business Applications
For entrepreneurs looking to buy a small business, there are several ways to finance a business acquisition. Traditional bank loans, seller financing, and other funding sources offer a range of possibilities for structuring the deal.

When and How to Tell Your Employees About A Business Sale

27.06.24 03:21 PM - By MARK HERRMANN - Comment(s)
When and How to Tell Your Employees About A Business Sale
If you've decided to sell your business, the question of when and how to tell your employees becomes a big concern. There's no way around it, and it's a very delicate matter that can have serious consequences if not handled properly.

Getting Your Legal Affairs in Order Before a Business Sale

09.05.24 06:19 PM - By MARK HERRMANN - Comment(s)
Getting Your Legal Affairs in Order Before a Business Sale
In the life-cycle of your business, there are few, if any, more important events than its sale and your exit. This is the culmination of years of hard-work and, as such, you should take all necessary steps to put yourself in an optimal negotiating position to maximize the value of your business.