Once you have narrowed down your top choices for a purchase, you will want to learn more. At this point you understand the business at a high level, and you are serious enough about purchasing that you are ready to see the business and meet the owner. This is an important step before you submit...
Confidentiality This is crucial to securing a successful transaction. Please make sure that you refrain from having any contact with employees, vendors or clients. Doing so could significantly impact the Seller’s business and the viability of your transaction. In addition, you may be liable for damages to the business.Show your financials. You will not be...
CIBC’s Deputy Chief Economist Robert Tal presents on what 2021 will look like amidst the COVID-19 pandemic and the economic impacts it has had. https://youtu.be/mEpKJZTOxHU Sunbelt’s Key Takeaways * The COVID-19 effect upon the economy is not over but with the vaccine being rolled out, the economy should see a massive recovery in the second...
Most business owners do a terrible job when it comes to selling or otherwise transitioning from their businesses. Consequently, they are leaving tremendous amounts of money on the table. Consider the following statistics from a recent Exit Planning Institute (EPI) survey. 80% to 90% of most business owners’ financial assets are bound up in the...
Article Written By Pete Carlson with Rock Solid Financials Fall is in the air; college football, kids going back to school.....wait, none of those things are happening. The weather will still change though unless COVID can change that as well. Fall is a great time to evaluate your tax/bookkeeping relationship. Here are 5 reasons why...
Article Written by Ryan Cave with Sunbelt Business Broker of South Florida Business brokers help clients find a current market for the business, or help them find ways to enhance their position. Business brokers bring clients pre-approved and pre-qualified buyers. Business brokers also sometimes fall short, though, allowing their clients — and potential buyers for...
You’re ready to begin your dream of opening a business, but you’re hesitant to take out a small business loan and pay interest on it. Fortunately, there is another alternative. You have the option to use your 401(k) to start a business – without paying upfront taxes or early withdrawal penalties. How 401(k)/IRA Business Funding Works...
The idea of buying and selling everything from digital products to groceries, seemed like a too-good-to-be-true concept until the first online transaction in 1994 turned retail consumerism into a mammoth $500 billion (and growing) enterprise according to Statista.com. The dawn of e-commerce transformed the way the world does business and launched dot com giants like...
Finish Strong - As a small business owner, your year-end push may be the difference between a decent year and a great year. Holidays are approaching and you and your employees can get distracted by the spirit of the season. Staying focused on the plan and working the plan to the end is the call...
