Are you thinking about buying an existing business and want to know which items you should check first? Or, are you a business owner who wants to sell your business and move on? This portal at Bright Hub’s Entrepreneurship Channel is dedicated to giving tips and advice to those considering buying or selling a business, whether you’re the current owner or prospective buyer.
Before you make the decision to purchase an existing business, make sure you’ve done your homework and have practiced due diligence. In addition, if you’re entering the venture with partners, protect yourself with a buy-sell agreement.
If you’re on the other side of the fence and looking to sell instead of buy, be prepared to pay the taxes associated with selling your business. Also, check out some of the strategies offered by our panel of experts on how to get the best price possible when making that sale.
Interested in buying a business? If so, you’ll find everything you need to know including how to evaluate a business, perform due diligence, find funding and business partners and even the ins and outs of starting a family business right here.
Closing a business without bankruptcy is often the best route for a struggling business owner to bow-out gracefully without accumulating legal fees and tarnished vendor relationships. This article discusses key basic components to consider if you’re considering a dissolution.
A turnkey business is more than just the “Betty Croker” way of becoming an entrepreneur. There are very real benefits but there are also a few drawbacks. This article evaluates whether or not it is a good idea to buy a turnkey business.
Some entrepreneurs that have a great business idea or opportunity but no cash or funding sources seek out individuals who have needed cash to be their business partner. Once the business is up and running what can you do if you realize you made a mistake and now have a bad business partner?
Purchasing the assets of a business in bankruptcy can offer considerable value at significant discounts. This article explores the different types of bankruptcy sales and how to profit from them while avoiding potential pitfalls.
Are you interested in how to buy your parent’s business? You don’t need an answer if your parents have a good exit strategy that automatically entitles you to takeover their position when they retire. Let us see how to proceed even if your parents failed to devise an exit strategy.
Theoretically, inventory is part of the assets of a business and is normally included whenever sale of a business is contemplated. Exceptions could be when the new owner is aiming to completely change the line of business and does not need the goods in stock, which make up the inventory.
Learning how to run a pool business opens up the door to entrepreneurship for home business owners in states where backyard pools are common. Services range from basic maintenance and cleaning to intricate chemical treatments and repairs. Learn here what you need to get started.
Owning a real estate company can prove rewarding on a variety of levels. Helping families and businesses find the ideal home or facility provides a vital service that can result in substantial financial rewards. This article explains the important aspects of running a real estate business.
Looking for some quality eBay business ideas? This list features several eBay business models that have proven to be profitable as well as stable. Some eBay power sellers earn quite a bit of money. This article details what to sell, how to sell, and more. Learn more about eBay business ideas.
It may be your dream to own and run a bookstore. If you’re a reader and love to share your latest page-turner, learning how to run a bookstore may be ideal for you. Here, you’ll find the latest tips on how to open, run, and make your bookstore profitable.
Do you have a family business or a small business with partners and want to close it down or sell it? Many business owners ask what is the best way for selling our business? Should you do it on your own, or place the business up for sale with a business broker?
Many entrepreneurs consider closing a small business but don’t know where to begin. Beyond making sure all your vendors are paid, what else should you do when you’re closing down your business? Business owner Jean Scheid, who has opened and closed many business, tells us the easiest way to do it.
As per the United States laws – everything (text, videos, audios or images) created on the web after April 1 1989, is protected by the Internet copyright laws. This article studies the copyright laws on the Internet.
Do you own a franchise and want to terminate or sell it? Are you interested in buying a franchise? What agreements will the franchisor require? Here you’ll find a great resource guide on franchise businesses as well as some valuable advice to help you better understand the franchise world.
If you own a franchise and are wondering how to break a franchise agreement, Jean Scheid takes a look at how to do it. Keep in mind that franchise laws vary from state to state so it’s good to know your state’s franchise laws before exploring termination options.
Interested in buying a failing business? Before you sign that buy/sell agreement do you know why the business failed or what you plan to do to make it successful? Jean Scheid offers tips on buying a failing business.
If you own a business and want to sell it, do you know the risks in seller financing? If not, find out some great tips that sellers need to know before they continue to be an investor in their own businesses.