5 of the worst pieces of buy a business advice Ive seen and why. Advice often repeated by business experts that is simply not true. Follow this advice, buy a business and you will increase your chance of failure.

I hear it a lot from business owners wanting to sell a business.  My business has huge potential, and a buyer will see that and pay more because of that potential.  Will a buyer pay more to buy a business because of potential?

What really happens after you buy a business?

Intangible assets & goodwill reign supreme in the todays business sales. Business Brokers and banks take the view that intangible assets & goodwill are now have increased importance when completing business valuations and business sales.

When it comes time to leave your business, you need to have an exit strategy. It basically outlines how you will sell the business, with a business broker or without, and what happens next.

These are some pro tips you need to know to make a business broker take you seriously.  Do this and a business broker will help you buy a business. 

Avoid buying a failing business. How to spot a failing business and how to buy a business correctly

Why would someone choose to use a holding company instead of operating a single business entity? 

One of the most sought-after business types that I sell is a “Fully Managed” business.  Buyers are asking for a business that is managed by staff, runs well and that doesn’t require them to do anything.  That all sounds great, but like everything, there is more to it.

The business Owner will ask why they should sell my business when the business is going well and they are making money? Here are 7 reasons why business owners don’t sell a business, and why they should re-think those reasons. 

Learn how business sales multiples are used in business valuation and appraisal. Discover what multiples mean, how they work, and what impacts them when you buy or sell your business in New Zealand.

Discover how to buy or sell your business through an asset sale. Learn the key steps in business valuation and appraisal, the pros and cons, and how a business broker can help. Ideal for those asking: how do you sell your business?

For a successful sale you must be sure that selling is the right decision and not be second guessing yourself.   So ask yourself some hard questions:

Good preparation leads to a significantly improved outcome, a higher price and shorter time on the market.   

Once business owners decide to sell their business, they often have to make a decision to hire a business broker or go it alone.

The probability of success is enhanced materially if you buy an existing business and if you have the required personality traits.

When business owners make an attempt at selling their business on their own, there are many pitfalls that can cost them dearly.   

Given that a business owner will only sell their business once, it can be difficult for owners to fully understand and comprehend the entire sale process.

Imagine having a business that continues to make money for years, even decades, without much effort on your part. These are real-life examples of businesses that could do just that.