Thryv with Rudge

Thryv with Rudge Helping small businesses automate regular business functions and connect to their ideal audience.

03/17/2022

The most desirable form of small business is the “automatic business,” which provides a steady stream of profits that aren’t necessarily proportionate to the amount of effort put forth by the owner. Some automatic businesses include retail stores, manufacturers, and wholesalers.

03/16/2022

It can be hard to let go of things you spent years building, and that includes when you're selling your business. A business broker works with the seller to emotionally prepare him or her for the sale to help make the whole process easier.

03/10/2022

If your employees have been with your company for a number of years, it’s natural for them to feel some measure of uncertainty when they learn you’re selling the business. Keeping the sale confidential can avoid worrying employees until you have the answers to their questions.

03/09/2022

Certain key employees might play an important part in the negotiation, such as a manager or head of design. A business broker can help you identify these key employees and figure out the best way to work with them to figure out what's best for the business and for them.

03/03/2022

Risk factors are important for buyers, and the less risk the better. The more information you can provide that shows your company to have limited risk (no business is risk-free), the more appealing your business is to potential buyers.

03/02/2022

According to some experts, potential business buyers fall into one of two categories. Some are eager to acquire a business to fix up and take to the next level. Others are seeking a business that’s running well and simply needs to be sustained.

02/24/2022

The good news? According to Forbes, when more than one buyer is genuinely interested in a business, most companies sell for their initial asking price or higher. The better news? If you can demonstrate real growth is around the corner, buyers will pay a premium.

02/23/2022

Approaching the sale or purchase of a business is not like buying a vehicle. Although making a counter-offer is a sound practice, bargaining simply for bargaining’s sake works against the negotiator. A good price for a good business based on information gleaned from due diligence should be accepted.

02/17/2022

Part of a business' value is the confidence and skill of its employees, but that can be a problem if they find out that you're looking to sell your business. That's why business brokers make sure to keep the selling process confidential.

02/16/2022

If your business continues to grow profitably, it may be a good time to sell. Keep in mind that a business will be particularly attractive on the market if there is consistently upward profit and sales trends, large gross-profit margins, long-term customer annuities, and strong financial statements.

02/10/2022

Some business sellers focus on the bottom line number, and then they’re surprised to find the payout is lower than expected. Why? Selling a business is about more than the numbers. A broker can help you structure the best deal at the right selling price.

02/09/2022

Keep in mind that due diligence will typically depend on the type of business being sold, as well as the price. If there is incomplete due diligence documentation available, the business may end up being priced less.

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93721

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(559) 456-7718

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