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Selling A Business Online
Selling A Business Online - Common Mistakes To Avoid
Selling a business online, while often effective for finding the right buyer, is a strategy sellers need to execute correctly in order to be successful. That means avoiding the six common mistakes made by sellers. Peter Siegel, BizBen Founder talks about what it takes to effectively sell a business.  By Peter Siegel   View All Peter Siegel Blog Posts
Agents To Sell Business Listings
Should Owners Hire Agents To Sell Business Listings?
Owners often ask agents to sell business offerings for them. It's usually more difficult than selling houses when working to find a buyer for a business, to satisfy contingencies and close escrow. Business sales intermediaries either agents or brokers may want large fees, but often are worth it.  By Peter Siegel   View All Peter Siegel Blog Posts
Business Appraisal Common Sense Business Valuations
Creating An Accurate Business Appraisal
Appraising businesses accurately is not an easy task. There are many different methods that can be used along with variations for the purpose of the appraisal. None of these methods, by its self addresses the total value of a business. Business appraiser Bob Klein explains his views and experiences.  By Bob Klein   View All Bob Klein Blog Posts
How Escrow Protects A Business Sales Transaction
How Escrow Protects You In A Business Transaction
In dealing with business sales, often times the Seller or the Buyer will ask about the use of an escrow company. The seller may say, Why can't the buyer just pay me cash or give me a cashier's check? This blog post covers why utilizing an escrow service is so important in selling a small business.  By Peter Siegel   View All Peter Siegel Blog Posts
How To Buy Or Sell Employement Agencies
Buying An Employment Agency - Now May Be The Time
Some prospective business purchasers ask if they should buy an employment agency. California’s declining unemployment suggests a healthy market for businesses that connect job openings with applicants. It’s important to know how to evaluate opportunities when seeking this type of business for sale.  By Peter Siegel   View All Peter Siegel Blog Posts
Seller Financing 3 Items To Consider
Seller Financing: Terms To Negotiate If You Buy A Business
The idea to buy a business with seller financing is clearly understood by most people whose career move is to purchase their own company. But not everyone knows how to structure a deal with the seller carrying back part of the price. Be prepared for three situations when negotiating your purchase.  By Peter Siegel, MBA   View All Peter Siegel, MBA Blog Posts
5 Dangerous Trends For Owners Selling A Business
5 Dangerous Trends Small Business Owners Should Consider When Selling
Craig Osterhoudt, a San Francisco Bay Area Business Owner discusses 5 key areas small business owners should think about before they sell their small to mid-sized business. Topics include: Commodization, Amazon, Big Box Stores, Rules and Regulations, and Baby Boomers. Great info for owners.  By Craig Osterhoudt   View All Craig Osterhoudt Blog Posts
Earnest Money For A Down Payment
Why Earnest Money Deposit Requirements Can Be High
Peter Siegel, Founder of BizBen and Director of the ProBuy and ProSell Programs on BizBen explores why earnest money deposits serve several purposes when buying or selling a small business. Several contributors on BizBen weigh in on this topic on this BizBen blog post.  By Peter Siegel   View All Peter Siegel Blog Posts
Business Broker Coop Issues
4 Reasons Why Brokers Do Not Cooperate With Other Brokers
Despite challenges in the business for sale marketplace, some of the brokers who make a living by facilitating a deal between buyer and seller are known to stand in the way of a completed transaction because of some outdated ideas. Too bad they put greed ahead of the needs of their clients.  By Peter Siegel   View All Peter Siegel Blog Posts
How To Buy Smog Test Only Stations In California
Buying A Smog Shop - Expert Tips From Smog Shop Brokers And Agents
If you are looking at California smog shops with the idea of buying one in order to have your own business, you'll be pleased to know this type of company can be quite profitable if operated properly. To get the best return on your investment in this business, plan to work as the test technician.  By Peter Siegel   View All Peter Siegel Blog Posts
Seller Financing When Selling A Business
If You Plan To Offer Seller Financing: 3 Things You Need to Know
When selling your small business, offering seller financing is a great way to help your business standout from others on the market and it is also a good strategy to consider that can help you close a sale. If you plan to offer seller financing there are a number of things you need to know.  By Peter Siegel   View All Peter Siegel Blog Posts
Broker Cooperation Selling A Business
Before You Select A Business Broker - Do They Co-Broker?
To receive the fullest exposure for selling their business, small business owners should make sure their listing broker is co-operating with other business brokers and agents. Christina Lazuric a Southern California business broker discusses this topic.  By Christina Lazuric, CBI   View All Christina Lazuric, CBI Blog Posts
New eBook Reveals How to Sell A California Business
New eBook Reveals How To Sell A California Business In The New Economy
A new ebook has been published to help owners who are ready to sell a California business in the current market. It explains how the New Economy has impacted the state’s business for sale marketplace and provides effective strategies for overcoming the problems that recently have ruined many deals.  By Peter Siegel   View All Peter Siegel Blog Posts
Telling Buyers About Unreported Income
Selling A Business: Telling Potential Business Buyers About Unreported Income
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.  By Peter Siegel   View All Peter Siegel Blog Posts
Mistakes When Selling Your Business
How To Avoid A Fatal Mistake When Selling Your Business
Avoiding the obvious mistakes when selling a small business is important if you want to sell your business. Peter Siegel, Director of BizBen and the BizBen ProSell Program discusses what fatal mistakes business owners should avoid when selling their small to mid-sized California business.  By Peter Siegel   View All Peter Siegel Blog Posts
3 Recycling Businesses To Take A Look At
Recycling Services: 3 Businesses That Will Turn Old Stuff Into New Money
People think of recycling and think of a facility that recycles trash. While this is true a large facility is expensive to open and operate. With that said, in this post, I will focus on 3 small business opportunities in the recycling industry that are more manageable for the average entrepreneur.  By Peter Siegel   View All Peter Siegel Blog Posts
Valuing And Selling Your Preschool
How To Value Your Preschool Business So Buyers Do Not Take You To School
There are several things to consider when placing a value on a preschool. Businesses that are regarded as leading preschools in their area can go for premium prices so know what you have so a potential buyer can’t take advantage of your lack of knowledge. Peter Siegel with BizBen.com explains.  By Peter Siegel   View All Peter Siegel Blog Posts
Small Business Sales Up August California
California Business For Sale Deals Hit A 5 Year High Says BizBen Index
California business for sale transactions for last month - August hit a five-year high. Transactions are up 32% over the previous August it was reported by the BizBen Index. The number of transactions completed in the month of August this year reached 1,615 compared to the 1,216 in August 2015.  By Peter Siegel   View All Peter Siegel Blog Posts
Selling Your Business With ObamaCare In Place
How ObamaCare Will Affect Buying Or Selling A California Small Business
The implementation of the Patient Protection and the Affordable Care Act also known as "ObamaCare" is one of the most talked about bills to come out of President Obama's time in office. A look at how ObamaCare has and is going to impact the market for buying and selling a business.  By Peter Siegel   View All Peter Siegel Blog Posts
2014 Business Sales Total Outnumber 2013
More Business For Sale Deals Completed Last Year Than In 2013
The number of business for sale offerings changing hands in California last year rose about 5% over the count of completed deals posted during 2013, according to the BIzBen Index. A total of 15, 513 transactions were closed in 2014 compared to the count of 14,764 sales made during the previous year.  By Peter Siegel   View All Peter Siegel Blog Posts
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