When you sell your house, you give it a coat of paint, perhaps hire a home “stager” who will help you show your house at its best. It’s even more important when you sell your business. Preparation can take months or even years. A buyer will want to...
Understanding the legal issues of buying a business is key to making sure you don’t get burned. You and your advisors will need to investigate: Are there any law suits outstanding? What Occupational Health and Safety, W.C.B., environmental and other regulatory...
Insurance agencies are generally valued on a “going concern” basis, meaning that the business will continue to operate for the foreseeable future. When buying a “going concern” business, what you are actually purchasing is a stream of future cash flows earned by the...
When selling a business, confidentiality is often an important part of the process. Typically, business owners do not want to advertise that their business is for sale because it can lead to employees leaving the business or customers deciding to switch to your...
As a business owner, selling your business is one of the biggest decisions you can make. If you are thinking about selling your insurance agency in the future, consider the following factors that will help make your business easier to sell. Processes and systems When...
If you are an insurance agency owner, you may be wondering when the right time is to sell your business. You have invested your hard-earned capital and time into your agency, and making the decision to sell should not be taken lightly. The first thing to consider if...
