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What is a Letter of Intent?

If you're hoping to buy or sell an online business and it's your first time being involved with a sale, you're about to be introduced to a whole new set of terminology. The process used to sell a web business involves a number of steps and many types of documentation. While website brokers can help you navigate the process, having a thorough understanding of some of the most important terms is sure to come in handy. One term you're almost certain to encounter is a Letter of Intent, and this document is incredibly important to both buyers and sellers. The [...]

Hot Startup Trends – Subscription Box Businesses

More and more people are considering starting an online business in hopes of becoming their own bosses and realizing their dreams of becoming entrepreneurs. While traditional Internet businesses like e-commerce stores and service-based businesses are still incredibly popular choices of start-ups, a newer type of online business is slowly gaining traction and attracting would-be business owners as well as investors. That online business model is the subscription box business, and if you're toying with the idea of entering the online business world, it could be the right choice for you.   What Is a Subscription Box Business? A subscription box [...]

What’s Changed in Small Business Acquisition Financing

If you're thinking about trying to sell an online business or possibly buy one in the near future, it's important to be aware of the trends in small business acquisition financing. In other words, you need to keep abreast of how other entrepreneurs are paying for companies that they want to purchase. Why does it matter to you? Well, if you're hoping to soon be a seller, you'll want to have some feel for how your prospective buyers are likely to pay. If sellers are likely to go through a bank or take advantage of a government program to obtain [...]

Get Pre-Qualified Before You Choose an Online Business to Buy

You've decided that it's finally time to make your dream of owning your own business a reality. You know that an online business is the right choice for your needs, and you know just what niche you want to enter. The excitement is building. You're ready to jump in and begin your search, but there is one thing you should do before you start making calls and conducting online hunts for an individual that wants to sell a web business that is just what you're looking for. Before you go any further, you need to get pre-qualified to buy a [...]

How Do I Qualify For A SBA Loan?

If you're hoping to buy an online business, determining how you'll fund the sale before you begin your search for a business owner who hopes to sell their web business is a wise idea. Experienced website brokers will tell you that obtaining bank financing to purchase an online business can be difficult. Lenders are often hesitant to extend credit for purchasing Internet companies, particularly when there is no major real estate or equipment involved in the sale that can be used as collateral. As a result of the challenges that can come with securing financing for a web-based business, online [...]

Using Your 401k to Buy a Small Business

If you're interested in purchasing a small business, one of the first things you have to determine is how you'll pay for it. Most prospective business owners today do not have all of the capital saved for purchasing a business and must obtain funds from elsewhere to manage the purchase. So where will you get the money? There are many ways of funding the purchase of a small business, and one way that many buyers are managing to secure funds is through their 401(k) retirement plans. Opinions on how wise a decision this is vary widely, so here is a [...]

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