No matter what stage of life you are in, investing in an online business can be an exciting time. Instead of starting your online business from the ground up, you can enjoy the many advantages that come with acquiring an established online business. While there may be upfront costs that come with buying a pre-existing company, the risk of purchase is a lot lower than it might be to start a business from scratch. Alongside that, as a buyer, you can get crucial business assets that make the business run smoother, like a client base, successful marketing strategy, good standing […]
If you do any kind of reading about marketing at all, you’re going to see tips about using social media as a part of your strategy. There’s a simple reason for that–social media marketing truly is becoming a necessity for businesses across all industries.
Many business owners are reluctant to believe this, though, because they’re stuck on two big myths about social media. If you’ve let either of these two beliefs keep you off of social media, it’s time to make a change and fast if you don’t want to lose out to your competitors:
1. “Only women are on social […]
You want your Internet business to succeed and grow so that one day you can sell the online business at the best valuation possible. The last thing you want is to be making mistakes that are undermining your vision and detracting from your business in subtle ways, but this is very common problem from which many online businesses suffer. Taking some time for careful introspection and knowing what mistakes to look out for can help you to maximize the potential your business has for success and make your company as attractive as possible in the future to those looking […]
To help your online business succeed, you’ve hired talented people to assist you with achieving your goals. How you lead your team will ultimately determine whether or not each individual and the group as a whole reaches their true potential and helps to drive your business. Leading the right way now can help you grow a successful company, so that one day when it comes time to sell the online business you can get the best possible valuation.
Here are five ways that you can motivate and lead your employees, so that everything that they do will help to drive […]
When it comes to selling your online business, timing truly is everything. Not only do you want to plan the sale of your business to coincide with a high point in its performance, but you also want to be certain that the market is conducive to a quick sale. If you have been considering selling your online business, there truly is no better time than the present. As we speed through the final quarter of 2014, conditions are uniquely ideal for making big gains through a sale. Here is a look at some of the reasons why now is […]
After working hard to build your online business, you deserve to get the best possible sale price on what you have built. Many Internet business owners make the mistake of trying to go it alone and sell their businesses independently. Their motivation is avoiding the fees charged by Internet business brokers, but often times, this ends up being a decision that costs them much more than what a broker would make when assisting with the sale.
Here are six reasons why you need the help of an Internet business broker when selling any online business:
1. Years of Experience – You […]
When you’re selling an online business, you want to get the best possible price for the company that you’ve worked hard to build. While there are many ways that you can help to boost the likelihood of a profitable sale, there are an equally large number of blunders that you can make that could undermine your efforts. Read on to discover seven of the most common mistakes that Internet business owners make when it comes time to sell and find out how to avoid repeating them yourself.
1. Waiting too long to sell. Many online business owners think to themselves, […]
Financial experts will tell you that the absolute best time to sell a business is when sales are at their peak, but in practice, timing the sale of a business can be very hard. You may have expected profitability to remain high for a longer period of time that it has, or your peak may have occurred prematurely at an unexpected time. However it happened, you have found yourself in a state of declining sales, and you just can’t wait for things to rebound to sell. So what can you do?
It is possible to sell an Internet business when […]
Getting help selling a business with a business broker is a wise idea for many reasons, but if you own an Internet business rather than a brick and mortar business, it pays to be extra selective when it comes to choosing a broker. If you call a traditional business broker on the phone and ask if he or she can help you sell an Internet business, you’ll likely receive an “Of course!” in reply, but that doesn’t mean that you can expect the same type of experience when you use a traditional business broker to sell an online business. […]
When you started your business, you dreamed of one day profiting from it. Your goal was to grow it and then sell it for a profit, and now, you are finally nearing the realization of your dream. But what comes after the closing?
Very few business owners take the time to consider their exit strategy and then find themselves pressured at the last minute to make a decision regarding how they will leave their companies. In almost all cases, selling your online business includes a transition period of three to four weeks where you train and transition the business to […]
When you read most of the literature about starting an online business, the conventional wisdom is always to begin by writing a business plan. You hear the advice that you must have a business plan to ensure success so many times that it can begin to feel like an unarguable truth about beginning your own company; however, the truth is that a business plan won’t keep your company from failing. In fact, all too often, people invest too much time in their business plans and wind up missing other important steps in the planning process.
Here are three things that […]
When you decide that it’s time to sell your online business, you want the process to reach its conclusion as quickly as possible. As a result, it’s natural to wonder just how long it will take for your internet business to sell once you’ve officially listed it with an online business broker; however, it’s not easy to determine an exact timeframe, as many things can affect the speed at which your online business sells, including:
- How strong your sales are
- The desirability and appeal of your industry from a buyer’s prospective
- Future growth potential of your online business
- The […]
Selling a business, particularly an online one, requires knowledge, experience and hard work. Most business owners simply don’t have the time or the resources available to successfully sell their businesses on their own, which is why if you’re considering selling, working with a business broker can be the ideal solution. When you enlist the help of a business broker, you can leave the work to a professional with experience brokering these types of deals, and because brokers get paid when you sell your business, you can be certain that they will do everything in their power to facilitate the […]