Most business owners approach selling your business much like my son approaches his homework – they avoid thinking about it until they absolutely have to. It’s understandable. For many owners, their business is their baby, their employees are their family, and they enjoy the challenge and sense of purpose derived from their work. That said, […]
Resources for Entrepreneurs
Ecommerce Sales for Third Quarter 2022
Summary: E-commerce sales for third quarter 2022 outpace retail sales over last quarter and Q3 2021, according to the latest statistics from the U.S. Department of Commerce. Third Quarter 2022 The estimate for U.S. retail e-commerce sales for the third quarter of 2022, adjusted for seasonal variation, but not for price changes, was $265.9 billion, […]
Closing the Business Sale
We continue to post chapters from our upcoming ebook guide, How to Sell an Online Business, to help business owners prepare for a sale. In this sixth and final chapter, we look at the seller’s role in buyer due diligence and the documents needed in closing the business sale. 6. Due Diligence and Closing the Business […]
Empire Flippers: A Highly Successful Tech-Enabled Approach
On the About Us page of their website, Empire Flippers writes, “Hmm, how shall we say it, we run things a bit, different.” Well, Empire Flippers is different – as much a technology company as a broker. Think of the firm as the Carvana of website brokerages. Like the disruptive online used car retailer, their […]
How to Engage with a Business Buyer
We continue to post chapters from our upcoming ebook guide, How to Sell an Online Business, to help business owners prepare for a sale. In this fifth chapter, we look at how to engage with business buyers toward a signed Letter of Intent. 5. Bringing Buyers to the Table With the most likely buyers identified, the […]
Identifying Promising Business Buyers
We continue to post chapters from our upcoming ebook guide, How to Sell an Online Business, to help business owners prepare for a sale. In this fourth chapter, we profile different types of prospective business buyers for your company. 4. Going to Market The universe of potential buyers for online businesses is wide and diverse – […]
