Resources
Advice on Buying a Michigan Business From Nadir Jiddou: ‘It’s Simple, Just Not Easy’
The first thing Nadir Jiddou will tell you before buying a business? Do your homework. And the homework Nadir advises for buyers is very introspective. “Know what you’re good at and know what you want to do before you make this commitment.” At the end of the day, he...
Professional Profile: Meet Nadir Jiddou
Name: Nadir Jiddou Owner: Michigan Business Broker since 2016 Experience: Business Owner, Entrepreneur, and Broker for 20+ years Values for a Successful Business: Hard-working and able to take a calculated risk Michigan Business Broker founder Nadir Jiddou has been...
Michigan Business Market: Why Buy Here?
If you're looking to buy a profitable business in Michigan, you're in luck. Michigan is business-friendly, has an abundant and diverse workforce, and is a great choice in terms of cost of living and access to a global supply chain. The Michigan Economic Development...
Buying Multiple Businesses: Where to Begin?
There may come a time when expanding a business or shifting operations of multiple businesses to one LLC is the right move to bring an enterprise forward. But where to begin? First, professional advice from an accountant and attorney should be sought, especially for...
How Do I Get a Liquor License in Michigan?
Getting a liquor license can open significant opportunities for business owners. Although licensing can take some time and investment, the benefits of obtaining one comes with a substantial profit margin of 17% to 100%. A thriving alcohol business market is worth $6...
7 Tips for Selling Your Business: Updated for 2023
You may have heard reports that a recession is possible in 2023. However, top economists do not have the same gloomy outlook. The consensus at Goldman Sachs, JP Morgan, Morgan Stanley, and Wells Fargo is 2023 will see a soft landing. For example, Goldman Sachs is...
5 Hot Michigan Business Types Worth the Investment
If you’re looking to buy a profitable business in Michigan, and don’t know where to start, you may be asking: What are the hot choices for the most return on investment (ROI)? What are their practical benefits? How do I find the right fit? Well, the good news is there...
Want to Buy an Online Business? Here are Three Tips That Can Help
As remote work is increasing, the idea of purchasing an existing online business may inevitably cross your mind. As in brick-and-mortar businesses, established online ventures have benefits over starting from scratch. Both can be lucrative, but starting from the...
4 Questions to Ask Before Buying an Existing Restaurant
If owning a restaurant has been a desire of yours, you may want to consider seeking out existing establishments to fulfil that dream. There are a number of reasons why taking the reins of a previously existing restaurant may be the best option with an easier path to...
Pros and Cons of Buying a Franchise
If you are looking to start a new business, you may be pondering whether to start fresh, or look for a chance to take over an existing operation. There are a number of reasons why taking the reins of a previously existing business may be the best option. But what...
