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Buying & Selling Businesses Archives

Mistakes to avoid when selling a company

Some North Carolina business owners may think that conditions are right to sell their companies. While this may be true, avoiding mistakes is crucial to helping a business sell for at or above its current market value. One key mistake to avoid is failing to establish a chain of command for after the sale is completed. In other words, buyers want to see that the company will still be properly run after the founder exits.

Important considerations for business sellers

For entrepreneurs in North Carolina, the decision to sell a business can be just as important as the decision was to start one in the first place. It's a process that can take anywhere from months to years depending on the complexity of the transaction. This is why sellers are often advised to be as informed and prepared as possible.

Here's what entrepreneurs need to know about franchises

Building a franchise from the ground up is a lifelong dream for many people. This process could result in an incredible amount of financial freedom, but entrepreneurs should spend some time researching all the pros and cons of investing in a franchise. Buying into a franchise in North Carolina could be quite lucrative as long as the investor understands all of the potential risks.

Purchasing an existing business

Some North Carolina entrepreneurs may want to consider purchasing an existing business. This can be an ideal option for people who don't have a good idea for a new business or simply don't want to create a business from scratch. However, there are certain factors they should carefully consider before purchasing an existing business.

What to do when no one wants to buy a company

As small business owners get closer to retirement, they may want to sell their businesses to other parties. However, not every company available in North Carolina will find a buyer. Of course, there is a chance that a company could be acquired even if no one wants to buy it outright. For instance, a competitor may want to merge with a company or acquire a portion of it.

Tips for buying a business in an expedited fashion

It can sometimes take at least a year to buy a North Carolina business, but there are steps that can be taken to shorten that timeline. In fact, it may be possible to do so within the next several months with the right plan in place. One way to expedite the process is to only express interest in companies that meet budget and location requirements.

Things to consider before becoming a franchisee

Opening a new business in North Carolina as a franchisee can be a lucrative endeavor, but it's important to consider a variety of risk factors before moving forward with an investment. One of the first factors to analyze is whether or not a business opportunity is in an established or relatively new market. Old markets aren't 100 percent safe, and new ones aren't always fads, but how established a particular business is should weigh heavily in calculating the risk.

What to consider before selling a business

For business owners in North Carolina who are looking to exit their companies, 2019 could be an ideal time to do so. However, this doesn't mean that they should sell without first thinking through the sale process. For instance, it is important to understand how market conditions could impact what a buyer is willing to pay. The economy is expected to slow going into 2020 and 2021.

What to know about business transactions in the new year

North Carolina business owners are likely aware of the implications associated with a judgment either for or against their companies. For instance, if a company is being sold, a judgment that is waiting to be collected could be an asset. For someone looking to buy a business, a judgment against that entity could be a liability to consider during the due diligence process.

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