Guest posts on the VR Business Brokers corporate blog
At a certain stage in the buying process, we always ask business buyers for Proof of Funds. This establishes the path to payment for the business they are seeking to acquire. Here’s what to know about our process for Proof of Funds (POF). 1) Why do I need to prove funds? Before meeting with an …
Most business buyers are first time buyers, and there’s a lot to learn about running a business. The fundamental rule of business is to make more than you spend, and the largest fixed cost of many businesses is often the rent. Most first time buyers have never had a commercial lease either, so there’s more …
What Business Owners Should Know About Commercial Leases Read More »
Business owners come to me to sell their businesses. I’m a VR Business Broker serving the NC Triangle Market so owners observe the exits I help other owners achieve and ask me about how to achieve their own. Some of these owners I can help; they have a transferable business producing significant cash flow. Others I can’t. …
Why To Sell Your Business After Your Best Year Ever Read More »
“As a business broker in the Triangle, I serve as a matchmaker between buyers and sellers of Triangle small businesses for the consummation of business deals. Here are some considerations when picking the right advisor for legal counsel when selling a business…” Read the full article here: Attorney Selection for Business Deals
“It takes a village to raise a child, and it takes a team to close a deal. Going at it alone can be a challenge, as business deals have multiple, opposing stakeholders on both sides. Here’s a roster of some of the major players in a business deal assuming you are the seller of a …
“I help sellers go to market all the time, typically after we walk through a “Broker’s Opinion of Value,” but sometimes sellers have their own price in mind…” Read the full article here: Poor Pricing Strategy: Seeking Suckers
“Since I’ve been a business broker and interviewed countless business owners, seen their options for exit and been a part of their exit planning, I’ve thought back on what I wish I had known when I started my small business in 2003. Here are three takeaways that I would have acted upon if i had …
