The age-old question when it comes to buying and selling a business. A letter of intent or an LOI has big advantages to both parties when it comes to a business acquisition transaction. What does one look like, and do you actually need one? First a business acquisitions letter of intent is a document that […]
Here at Rogerson business services, we often talk about the fact that you will need financing to buy a business, and your buyer will need it if you are selling a business. We also understand that you don’t just need a lender, you need the right lender. That’s why each quarter we will be providing […]
The Small Business Administration issues and/or guarantees loans for small businesses, and getting SBA loans is one of the most common way many entrepreneurs fund their dream of owning a small business. The process of qualifying for and getting SBA loans is pretty static, but interest rates, what loans and how many are approved, and […]
We often think of the importance of a personal credit score when buying a business. It makes sense, right? A part of buying a business, especially if it is your first business, is qualifying for financing unless you have a huge amount of cash. What about when you are selling a business? Well, your personal […]
Selling a business is rarely easy. There are just too many variables and they are mostly out of control of all the typical parties in a transaction; especially the seller. The first half of 2019 has been exceptionally busy with deals closing and frustratingly, with deals almost closing but not getting to the ‘finish line.’ […]
A tragic statistic tells us that many businesses that are passed on to children or that are purchased by employees fail. Why? The reason is simple. There is a huge difference between the mindset of an employee and an entrepreneur. Before you buy a business or before you as an owner agree to sell a […]
So you’re ready to sell your business. It is time to contact a business broker, get your company ready to sell, and wait for the offers to roll in, right? Well maybe. It often takes time for a business to sell, and one of the differences between selling a business and a house, for example, […]
We’ve talked before on this site about the first step in selling your business is business valuation. We have also mentioned that one of the first steps in a business valuation is recasting your books. But what does this mean, how do you do it, when, and why? The truth about most businesses and business […]
When: On Saturday June 15 from 8.00am to 5.00pm Where: American River College, Sacramento, CA Why: Because owning your own business is something you’ve always wanted to do. More information: www.VeteranEntrepreneurSummit.vet Three non-Veteran Service Organizations – Veterans Launch, The Rosie Network and the National Transition Services, Inc (aka REBOOT) – are bringing together business experts […]
This is a fascinating question as you think the answer would be very simple. What does it take to really sell your business? The answer is that it is anything but simple to sell a business. And here are several reasons. Selling your business comes with complications The consensus would be that the price of […]
As a business broker who helps those selling a business find the right buyer at the right time, but also who connects those buyers with the sellers who are right for them, the question often comes up “what about starting my own business from scratch?” It’s a fair question and one that deserves a deeper […]
You’re ready to sell your business, but how will you find a buyer who can pay for it? What financing options are out there for them? Or are you ready to buy a business? There is a lot of money involved, and costs you might not even think of at first. How will you pay […]
