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![]() Andrew Rogerson - ArticlesAndrew is also an author on the topic of business ownership. His books are available on-line at www.amazon.com or direct from his website www.Andrew-Rogerson.com.
The title to his books are: Successfully Sell Your Business: Expert Advice from a Business Broker Successfully Buy Your Business: Expert Advice from a Business Broker Successfully Buy Your Franchise: Expert Advice from a Business Broker Successfully Start Your Business: Expert Advice from a Business Broker For more information about these books visit www.successfullybuyyourbusiness.com Why entrepreneurs adjust their thinking when business failure is not an optionA true entrepreneur only sees opportunities and the chance to make a lot of money. In a down economy they see it as the time to build greater knowledge, strength and resources to be ready for the inevitable upturn in the economy. However, we if we are not wired like the true entrepreneur we need to remind ourselves of what it takes to keep going and get to the next level. 6 questions to answer bluntly to find out if your business is in a crisisIs owning and operating your business in this current economic climate getting you down? Not sure what your next steps should be? Not sure if you have options? The first thing is to know where you and your business currently stand; which is the purpose of this article. Once you know that answer, dust off your business plan, refresh it and review your next steps from an informed position. 5 traits of a successful entrepreneurEntrepreneurs come in all shapes and sizes including diverse social, economic and education backgrounds. There is no “guaranteed” path to being a successful entrepreneur but this article suggests there are five traits they generally have in common. The Power of Seller Finance to sell your businessSelling a business comes with many challenges. The number one reason most transactions don’t close after a buyer and seller have “negotiated” a deal is that the landlord cannot come to terms with the seller and/or buyer.
The number two reason is that finance is not available. Importance of a business valuation when selling your businessA great starting point if you are seriously considering selling your business is getting a valuation. Depending on the business valuation, your next steps may be getting advice from your accountant on how much you keep and how much will go in taxes so you know you truly wish to sell. But this article is about the importance of a business valuation prior to trying to sell your business. Importance of a business valuation when selling your businessA great starting point if you are seriously considering selling your business is getting a valuation. Depending on the business valuation, your next steps may be getting advice from your accountant on how much you keep and how much will go in taxes so you know you truly wish to sell. But this article is about the importance of a business valuation prior to trying to sell your business. Buying or selling the Perfect BusinessBuying or selling a business comes with many variables. The seller brings their perspective of knowing the business “like the back of his hand” as they are responsible for growing and maintaining the business. The buyers bring new enthusiasm and ideas with a mixture of trepidation and excitement. Finding the right business is generally a major challenge. If a seller and buyer can come together with as many of these items aligned, they have a much greater chance of success. 5 tips to use when selling your businessSelling a business is rarely a simple and straight forward process. One of the biggest mistakes I’ve found is that the seller doesn’t put themselves in the shoes of the other parties be it the buyer, lender, landlord, employees, franchisor or whoever. This article outlines 5 suggestions for a seller to more readily sell their business. 10 things to expect from your business intermediaryBuying or selling a business comes with personal emotional and financial risk as well as the complexities of finance, accounting, tax, negotiation and legal items. Having a professional agent or intermediary to help “quarterback” and manage the variables is good business. Here are some attributes to look in the intermediary that you choose. 5 things to consider if selling your businessSelling a business contains many moving parts. It’s not just the buyer(s) but also the family and friends, employees, landlord, suppliers, lenders and many others that demand attention or require working with. This article offers some tips and suggestions if you own a business and are thinking of selling it.
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