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Showing posts from February, 2017

The 3 Gets of Selling A Business

The 3 Gets of Selling the Business February 22, 2017  by  Michael Shea PA When a business owner gets to a certain period of their business life they look for options and selling the business is one of them. Navigating the process is somewhat confusing as it is a rare event and one in which few have much experience. So if you are an owner of a business and you want to sell your business what are you to do. Here are some tips for you. 1. Get Educated / Get the Facts: The internet is rife with information on what are the ways to sell, the options available and even the various ways of valuing a business. It is critical that you learn that your specific situation and the nuances of your market will dictate the outcome. 2 Get Real: When Selling your business you need to recognize simple mathematics and be realistic with your price point and your terms. As in the rest of life perfect and ideal is not a likely outcome and if you must play the odds and recognize that in any deal th
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Selling A Business In Florida February 3, 2017  by  Michael Shea PA Google selling a business and the number of articles and ads that pop up are legion. But realize that selling a business in Florida is slightly different. In Florida, as a business seller you have the benefit of a large network of professional and licensed business brokers who work in concert together. Although many states have associations of brokers Florida is the only one that has an MLS system and mandates co-brokerage on deals. What most sellers assume is that co-brokering is the norm. In fact, it is not. A seller should ensure that when choosing a broker they are: 1. Members of the Business Brokers of Florida 2. Actively Co- Broker…not just say they do but the can and should be able to show you the stats right out of the MLS. 3. Have been in the business and sold more than 10 transactions in the last 12 months. This shows they are active working members and are in the trade doing deals. To learn more ab