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Overcoming Hurdles When Selling Your Brand

As a seasoned business broker, I've encountered various challenges that can impede the sale of a brand. Successfully navigating these hurdles requires a strategic approach and proactive problem-solving. Let's explore some common obstacles that can hinder the sale of your business and how working with a business broker can help overcome them. Inadequate Financial Documentation Insufficient or unclear financial documentation is a major red flag for potential buyers. As a business broker, I emphasize the importance of transparent and comprehensive financial records. We work closely with sellers to ensure that all financial statements are accurate, up-to-date, and presented in a [...]

Exploring the Most Popular Online Businesses to Buy in 2024

In the rapidly evolving landscape of online entrepreneurship, buying an existing online business has become an appealing option for many aspiring entrepreneurs. The year 2024 brings new opportunities and trends, making it an exciting time to explore the most popular online businesses available for purchase. In this article, we will delve into the diverse array of online businesses that are gaining traction in 2024. eCommerce Stores Acquiring an eCommerce business in 2024 presents a compelling opportunity for entrepreneurs looking to tap into the thriving digital marketplace. The eCommerce sector has experienced unprecedented growth, and several factors make it an attractive [...]

Deciding the Best Moment to Sell Your SaaS Business: A Comprehensive Guide

The journey of a Software-as-a-Service (SaaS) startup is an exhilarating ride, marked by innovation, growth, and the occasional hurdle. There comes a point where the decision to sell becomes a strategic move. Navigating this crucial decision requires a thoughtful analysis of various factors, from personal motivations to market trends. This comprehensive guide aims to unravel the complexities of deciding the best moment to sell your SaaS business. The Entrepreneurial Crossroads Founders often find themselves at a crossroads, contemplating whether to continue nurturing their brainchild or explore opportunities beyond the helm of their creation. The entrepreneurial journey, filled with challenges and [...]

Is an SBA Loan the Best Option for Buying an Online Business?

Many people dream of becoming their own boss of an internet based business. It’s an attractive proposition since you can make your own hours, set your own rules, operate from anywhere in the world and keep all the profits from your online business.  However it’s not an easy road to get there and, unfortunately, only a very small percentage of individuals actually get to make that dream a reality – and succeed. The main reason for this failure is due to the statistics collected concerning startups. Studies have shown that 9 out of 10 people who tried the transition from [...]

Selling a Business in Just Nine Steps

Every Internet business is unique, but still, the sales process for any online company or e-commerce store is similar. No matter what type of business you're hoping to sell, a qualified Internet business broker should guide you through the following eight steps: 1. Valuation – Prior to the execution of a listing agreement the broker will require specific financial and operational information on your business. Upon receiving that information the broker will then develop a valuation which will indicate a suggested listing price for your business. That valuation will be driven by the historical financial performance of your business, its [...]

6 Reasons Why You Need an Internet Business Broker

After working hard to build your online business, you deserve to get the best possible sale price on what you have built. Many Internet business owners make the mistake of trying to go it alone and sell their businesses independently. Their motivation is avoiding the fees charged by Internet business brokers, but often times, this ends up being a decision that costs them much more than what a broker would make when assisting with the sale. Here are six reasons why you need the help of an Internet business broker when selling any online business: 1. Years of Experience - [...]

Selling your business with an Internet Business Broker vs. Traditional Business Broker

Getting help selling a business with a business broker is a wise idea for many reasons, but if you own an Internet business rather than a brick and mortar business, it pays to be extra selective when it comes to choosing a broker. If you call a traditional business broker on the phone and ask if he or she can help you sell an Internet business, you'll likely receive an "Of course!" in reply, but that doesn't mean that you can expect the same type of experience when you use a traditional business broker to sell an online business. Opting [...]

Growing Revenue without Adding Overhead

You started your Internet business in hopes of growing and becoming profitable. Now, that you're starting to achieve your goals, you want to continue maximizing growth, but you need to be careful to do so without increasing overhead. When it comes time to sell an online business, overhead can reduce the attractiveness of a company. By reducing overhead in smart ways that improve the efficiency of your Internet business in the years leading up to a sale, you can improve your financials and one day reap the benefits in terms of getting a lucrative selling price. Here are six ways [...]

Qualifications for SBA Loans for Internet Businesses

The SBA loan program was designed to encourage entrepreneurs to start and expand new businesses by providing loans partially backed by the government in order to provide extra security for lenders. The idea behind the program is to lower the risk of lending to small businesses. If you're considering purchasing an online business, an SBA loan may be an option for you to secure at least a portion of the funds that you'll need; however, it can be difficult to qualify for a loan even with SBA backing when you're purchasing an Internet-based company. Read on to learn more about [...]

Defining Your After-Sale Role

When you started your business, you dreamed of one day profiting from it. Your goal was to grow it and then sell it for a profit, and now, you are finally nearing the realization of your dream. But what comes after the closing? Very few business owners take the time to consider their exit strategy and then find themselves pressured at the last minute to make a decision regarding how they will leave their companies. In almost all cases, selling your online business includes a transition period of three to four weeks where you train and transition the business to [...]

What Internet Business is Right For Me?

If you're considering buying an Internet business, you'll find that there are thousands of companies out there waiting to be purchased. Deciding which one is right for you can be challenging, but if you begin the process with some self-exploration, you can quickly narrow your focus and hone in on the businesses that are the best fit for your needs. To begin this process, follow these steps. 1. Examine Your Strengths Everyone has things that they are especially good at. Are you a strong writer? Do you have talents with web design? Are you knowledgeable about search engine optimization? Is there [...]

Valuing an Online Business from a Buyer’s Perspective

When an online company goes up for sale, the company owners and officers usually place value on different aspects of the business than does a potential buyer. But it is important that sellers consider the factors that will be important to buyers, because these things can ultimately make or break a sale. Overall, keep in mind that buying or selling an Internet related business is very different from buying or selling a brick and mortar business; the internet channel utilizes very different skill sets for customer lead generation, order fulfillment, and customer service. In general, buyers seeing Internet businesses are [...]

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