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Finding the Right Business for You

As an entrepreneur or existing business owner, you have a particular skill-set and work hard to further your understanding of both yourself and your professional capabilities. By finding and purchasing a business that matches your skill-set and knowledge base, you’ll be able to grow a successful enterprise that you can enjoy cultivating and developing for years to come. Finding the right business for you can be done with ease, once you know where to find the right businesses for sale.

How Do You Find a Business?

Finding the right business for you can be done with ease, once you know where to find the right businesses for sale.Think of purchasing a business like purchasing a car. When you’re looking to find a car that will suit your needs, you go to a car dealership that provides the sort of vehicle you’re looking for. The same principle applies when looking for a business to purchase. An online business-for-sale marketplace provides you with endless options and businesses to help you brainstorm which sort of business will be the best fit for you.

Narrowing Your Search – Why Focus Is Key

As mentioned above, online business-for-sale marketplaces contain endless amounts of businesses up for purchase. Once you’ve brainstormed what sort of business you deem a good fit for your skill-set, you may want to speak with a professional business advisor about your ideas.

Until you’ve developed a target industry and average price point, navigating these online marketplaces will be time wasted that could have been better utilized. Business advisors and consultants can assist you in targeting businesses with specific criteria that need to be met before you move forward with a purchase proposal.

Why Confidentiality is Important

Most businesses that are for sale online realize the importance of confidentiality on these online business-for-sale marketplaces. Providing the right information is essential, but providing too much can compromise a business’s confidentiality. As a potential buyer, this confidentiality must be respected, and you must keep in mind that your own confidentiality as a buyer is important, too. This confidentiality is important to prevent any discord between a buyer and a potential seller.

Check listings for reasons as to why the existing owner is selling their business. This information can give you a clue as to if a business can be successful under your ownership.

Existing business owners may ask you an array of questions when you inquire about their business listing, such as how long you have been planning to purchase a business, how you plan to finance the business, and how much of a down payment you have readily available. These questions are all asked to ensure your seriousness as a buyer and to build a flow of open communication between the two parties.

Transworld Business Advisors can assist you in your search for a business that not only fits your skill-set but one which fits your beliefs and goals. For more information on breaking down the steps to business ownership, download Transworld Business Advisors’ e-book, All-in-One Guide for Buying a Business.

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Ten Steps To Selling Your Business

Our Sellers except us to achieve the highest and best offer for their business while taking the least amount of their time away from it as possible. That is because the absolute best use of their time is to continue to run and grow the company.  If revenue or profits begin to decline, buyers will walk away or decrease their offer. Transworld's philosophy can be summed up in a ten step, how-to strategy that culminates with the sale of a company. This proven method has been used to sell hundreds of businesses.  Here are the steps. Step1 Comprehensive Business Analysis and Feedback As your business broker, the first thing in our how-to strategy is to analyze your operation, finances, market potential and industry trends. We take that information and advise you on steps to prepare your business for sale, and  generate a business profile that represents your company in the most attractive way possible. Step2 Sale Structure We identify the best possible price range to sell your company. This is based on solid facts, the condition of the market, projected growth, sales potential and the sale of similar businesses within your industry. Transworld’s experts apply sophisticated, time-proven valuation techniques to ensure that your price is appropriate for the current market condition. The price must not be too high or too low. Yet, it must represent an attractive investment potential for the buyer. Step3 Confidentially Network The Business For Sale During the selling process, we utilize the latest technology to present your company to other business brokers and strategic buyers all over the world. This greatly multiplies the effort in your favor. With Transworld Business Advisors, you have literally thousands of industry professionals confidentially representing your company to buyers.   Step4 Confidentially Advertise To Buyers Our aggressive marketing program ensures your confidentiality and provides maximum exposure for your company. Your listing is placed in various industry databases, Internet sites, and publications which are constantly updated. We spend more money in advertising and marketing for buyers than anyone else in our industry. Step5 Control The Information Flow We organize all necessary documentation and release information only as needed. We use limited information when advertising to maintain confidentiality. Buyers are pre-qualified and required to execute a confidentiality agreement before receiving any sensitive business information. Step6 Create Competition For Your Company We attract thousands of buyers, creating competition for your business. Buyers are qualified for financial ability to meet the offer, and we engage you with only the most qualified buyers. Once you meet the best of the buyers, we urge them to prepare and present all offers. We can continue to engage potential buyers on your behalf as negotiation on an offer is in process and have another interested party ready to go should a buyer change their mind. Step7 We Negotiate For You To Achieve The Best Price Appropriate negotiation is crucial to achieving your best price and terms. We have the expertise to establish sound and resourceful negotiating techniques on your behalf. Transworld has trained all of its agents in the art of negotiating through curriculum that we have created specifically for our industry. Never negotiate without planning, expertise, or from a position of weakness. Step8 We Provide Exceptional Support To You Through The Due Diligence Process We take pride in our exceptional service. Only half of the job is finding the right buyer who will pay your price and meet your terms. The other half is getting that buyer to the closing table. We quarterback the deal, work with the accountants, lawyers, banks, landlords, and other third parties that could jeopardize the success of the transaction. We realize that you depend on us to guide you through the sale of your business. We make the transition simple and easy for you. We know when an opportunity for you may arise and are always there to take advantage of it. We also know when someone is trying to kill your deal or is being unreasonable and how to handle those situations. Step9 We Are There From Beginning To The Closing We help manage all administrative procedures, licenses, inventory counts and lease assignments that may be required. Transworld works closely with your advisors to ensure a smooth transition. Using the latest technology, we strive to be ready to work on your behalf to get the deal done! Step10 We Are There For The Transitional Phase And Beyond! Because we are in the business community, you may want to consult us from time to time after the sale. We will provide you with the assistance after closing. Transworld will always remain in your corner! Schedule Consultation Now

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