Advanced planning and properly positioning the business for sale allows owners to maximize value
Detroit, Michigan (PRWEB) June 22, 2010
Confidential Business Sale, Inc. has assembled a library of topics related to Buying or Selling a Business. The Business Brokers Blog: Guide to Buying or Selling a Business is a collection of articles providing tips for business owners looking to maximize the value of their company as well as improve the chances of a successful business transition. These resources provided by the local team of Michigan business brokers at Confidential Business Sale are useful whether business owners plan to use a business broker or not in their transaction.
Business brokers provide value to a business transaction. While many business owners are first time and potentially only one-time sellers of their business, many do not understand the complex nature of a deal. “For example, understanding that there are different types of buyers and that these different types pay different prices is often a hard concept for owners to grasp,” said Kipp Krukowski, Certified Business Intermediary and President of Confidential Business Sale. “Advanced planning and properly positioning the business for sale allows owners to maximize value while reducing the risks associated with a transaction.”
Topics such as business valuation, maintaining confidentiality, value enhancement ideas, acquisition financing, negotiation tactics, and due diligence are discussed.
“Our Detroit business brokers have had great success in getting deals completed, even in the tough economy and with the challenges of financing a business,” said Krukowski. “We have had a number of Detroit business for sale opportunities transact this year and I credit our team with using their creativity and deal-making capabilities for this success.”
In addition to educating business sellers, the library also covers topics in regards to buying a business. Many individuals are first time business buyers and there are education lessons needed in regards to identifying a business for sale opportunity, evaluating it, tearing apart financial statements, as well as preparing for the emotional roller coaster of the process.
“Unfortunately, buying a small business is not a topic covered in business school,” added Krukowski. “The learning curve can be steep and many of the books written on the subject address buying a very large business instead of businesses under the $5M in revenue range. An experienced business broker can provide an idea or solution that may mean the difference between completing a deal or not.”
The Confidential Business Sale website also has a number of current Michigan business for sale opportunities as well as a list of some of the completed transactions.
About Confidential Business Sale, Inc.
Confidential Business Sale is a business brokerage firm that assists business owners in the confidential sale of their privately-held companies. Having sold many businesses, Confidential Business Sale uses their experience to help in valuing the business, identifying potential buyers, negotiations, deal structuring, and due diligence. The company also assists companies and high net worth individuals in the business acquisition search process. With offices in Cleveland Ohio, Detroit Michigan, and Pittsburgh PA, the business brokers at Confidential Business Sale can be found at http://www.BrokersBusiness.com. MEDIA CONTACT: Kipp Krukowski, Confidential Business Sale, Inc. (313) 221-9378, Media(at)ConfidentialBusinessSale(dot)com.