7 Things to Look Out for Before Buying an Online Business

Look For Buyer February 12, 2019 No Comments

7 Things to Look Out for Before Buying an Online Business

If buying an established online business sounds like a good option for you, it will be good to first establish the criteria before starting a search for an online business sale, so that you know exactly what you are looking for. You must understand the industry you want to explore, how much money and most importantly how much time you can to invest to grow the business. By setting specific criteria and your goals, you can be more targeted and keep yourself towards the right direction. Once your criteria are set, look deeply on below 7 areas whenever you want to buy an online business: 1. Online presence quantitative – Monthly traffic to the website, page speed, google ranking on specific keywords, social media followers, customer base. Those numbers & trend show clearly what is the stage the company is at right now. However, you can also use free online […]

Read More

7 Steps to Increase the Value of Your Business Before Putting It Up for Sale

Look For Buyer January 10, 2019 No Comments

7 Steps to Increase the Value of Your Business Before Putting It Up for Sale

Before you even think of putting your business up for sale in business marketplace like LookForBuyer, you need to make sure the value is as good as possible. You know the type of revenue you have and you’ve done all you can to reduce the expenses, but there are so many other ways to put your best foot forward. These seven steps to increase the value of your business are essential for business owners: 1. Work on Boosting Your Profits Further Don’t allow your business to stagnate. Before you put your business up for sale, you want to show boost the profits. That will mean you need to plan your exit and putting in some extra effort in the beginning. If your business is failing, you’ll want to work on keeping the negative balance as low as possible. When you’re just breaking even, you can’t expect to work miracles. There […]

Read More

4 Key Things One Should Consider Before Buying a Franchise Business

Look For Buyer December 6, 2018 No Comments

4 Key Things One Should Consider Before Buying a Franchise Business

Studies show that franchises have a general success rate of approximately 90 percent as compared to only about 15 percent for businesses that are started from the ground up. All because Franchise provide a well-known brand, a loyal customer base, business expertise in operation, a system on hand for newbies etc. However, before you join or buy a Franchise business, it is important to be fully prepared for any challenges that might appear and understand if that fits you. 1. Do a thorough Research & find out what options available to enter the market? When you are about to start a business, it is important to understand the supply and demand, entry barrier and competition landscape. By doing so, you can have a good sense whether franchise provide you a good avenue to enter the industry or should you strive for innovation on your own? Franchiser do provide a tested […]

Read More

5 CRITICAL STEPS TO BUY A BUSINESS

Look For Buyer November 15, 2018 No Comments

5 CRITICAL STEPS TO BUY A BUSINESS

Business ownership involves an incredible contribution of time, effort and money, and you constantly need to balance various demands and risks to ensure growth. The process of buying for a business is commonly long and sophisticated, but it can be straightforward if you cover all of your bases. What are the 5 critical steps you should take when you are about to buy a business? 1. Do Your Due Diligence Before Buying a Business The first step is to properly research the industry and each prospective business to get a very clear sense of the business’ strengths and weaknesses and what it is exactly you will be buying.  In other words, kick the tires and see what is under the hood. Check out  Due Diligence Checklist For Buying A Business 2. Decide on a Structure for the Purchase The structure of the purchase means the most basic aspects of the deal: […]

Read More

Due Diligence Checklist For Buying A Business

Look For Buyer October 29, 2018 No Comments

Due Diligence Checklist For Buying A Business

Starting from scratch is not the only way to go. Most often, buying an existing company is less risky than setting up your own startup. Buyers can rely on the brand’s goodwill, steady customer base, key managers who are familiar with the business inside out. Buying the right business can make or break you. Buyers should perform due diligence in order to ensure that you have enough information about the business you are buying. What is due diligence and why it is important Due diligence is the research that a potential buyer does to assess the viability of a purchase of a business entity. If due diligence is not properly completed, you may be in for an unpleasant surprise after the contract for the purchase of the business is formed and it becomes too late for you to change your mind about purchasing the business. For example, you may discover […]

Read More

Due Diligence Checklists – is your business fit for sell ?

Look For Buyer October 29, 2017 No Comments

Due Diligence Checklists – is your business fit for sell ?

1. Profit / loss statements and balance sheets Profit and loss statements as well as balance sheets describe the company’s financial performance over time. To determine how profitable the business is, the buyer should request a record of income and expenditure over a 3-year period as well as the list of assets and liabilities available at the time of the check. These will help the buyer know how the business has been faring and see what changes had been made to the business over the period reviewed. 2. Supporting financial documents Aside the profit and loss statements, the buyer will need to look into supporting financial documents such as account receivables and accounts payables ledgers, depreciation schedules and other related reports. Depending on the degree of analysis agreed upon by both parties, the buyer may also review the company’s bank records, vendor invoices, tax returns, equipment maintenance records, employee files […]

Read More