Resources

How to Get a Business Valuation

How to Get a Business Valuation

The process of business valuation by brokers typically involves several key steps to ensure an accurate and comprehensive assessment of a business's worth.   Here’s how a typical valuation process breaks down:  Initial Consultation Data Collection Market Analysis...

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Buying a Restaurant: Doing the Legwork

Buying a Restaurant: Doing the Legwork

As already discussed, many first-time business owners dream of running a restaurant. Owning a restaurant takes passion and grit, but in the end the also comes with spontaneity, excitement, fulfillment, and a chance to control hours while giving back to the community....

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Buying a Restaurant: What to Consider

Buying a Restaurant: What to Consider

Restaurants are a common first business for many business buyers. From variety of service and pricing, opportunities for full family involvement, and the thrill of building something that you can pass on, restaurants are a desirable investment for many first-time...

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Drawing Financial and Strategic Business Buyers

Drawing Financial and Strategic Business Buyers

We talked about the importance of drawing individual buyers to the sale of a business with emotional appeals. These motivations play a key role in understanding the buyers that may be drawn to purchase a business. However, emotional appeals are not as motivating to...

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How Do Business Owners Know That It’s Time To Sell?

How Do Business Owners Know That It’s Time To Sell?

It’s very common for business owners and entrepreneurs to question whether the business has run its course and it’s time to sell. If it doesn’t seem obvious that time has come, contemplating the “why” is a healthy and pivotal exercise to take on before taking the next...

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How Will Personality Affect My New Business

How Will Personality Affect My New Business

If you’re looking to buy a specific business or franchise in Michigan, you may be questioning whether you are up to the task, or whether you will fit into the structure or atmosphere of the new venture. Questioning how your personality would fit into different work...

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