Business Broker Tips

Maintaining a strong online presence is crucial for business growth. To boost visibility, create multiple web pages (5 to 20) with unique content that includes relevant keywords without spamming. Use quality images, update your site regularly, and link to social media accounts. Post on social media a few times a week, and consider advanced strategies like blogging, guest posting, and…

Hiring the right team is crucial for your business's success. Start by crafting clear job descriptions that emphasize roles, expectations, and adaptability for growth. Decide whether to hire employees or independent contractors, considering cost and liability. Prepare thoroughly for interviews by outlining desired traits and planning relevant questions. Conduct background checks with proper consent, and ensure you have comprehensive policies…

An intermediary, as defined by Google, is a mediator facilitating agreements between parties. In the business brokerage field, professionals prefer this term to elevate their industry's image and distance from negative connotations associated with "broker." Intermediaries assist in valuing businesses, advertising sales, interviewing potential buyers, negotiating, and finalizing transactions. VR exemplifies "Valued Representation," offering extensive training through its VR Master…

Business owners typically include a salary for themselves, but care must be taken regarding family payroll inclusion and their actual roles. Discretionary expenses, like travel and personal-related costs, aren’t critical to operations and must be clarified by the seller, whereas non-recurring expenses are one-time costs. Non-cash expenses reflect depreciation or amortization, and the final Discretionary Cash figure is calculated by…

Block billing is a controversial practice in law firms where billing is presented as a total for combined hours rather than detailed itemized entries, leaving clients unaware of the actual time spent on tasks. This can lead to inflated charges and a lack of transparency. While block billing is legal in Florida, clients should inquire whether a firm uses this…

The term “Settle on the Court House Steps” reflects a troubling reality in the legal system, where attorneys prioritize their billing goals over clients' interests. Many clients mistakenly believe that last-minute settlements demonstrate their attorney’s hard work for justice. However, attorneys often pressure clients to settle to maximize billable hours, while judges benefit from less workload. Awareness of these practices…

Federal antitrust laws focus on preventing acquisitions that could increase a company's market power, allowing them to raise prices or limit production without competition. Horizontal acquisitions, involving competitors, raise the most concerns, especially in concentrated markets, while vertical acquisitions are less problematic. Agencies like the DOJ and FTC can block or review such acquisitions, particularly under the Hart-Scott-Rodino Act. The…

Buying an established business increases your chances of success compared to starting from scratch, as many new businesses fail within three years. When looking for a business, seek one with growth potential, and consider utilizing a VR Business Sales Intermediary to simplify the process. They assist in negotiations, lease terms, and financial record inspections. As a seller, focus on maintaining…

Business risk assessment is crucial for estimating a company's value, as higher risks typically lower value. A comprehensive analysis using a SWOT framework considers both internal strengths and weaknesses alongside external opportunities and threats. Valuators must evaluate how these elements influence future performance and strategic management. Furthermore, understanding macro-environmental factors and ensuring subjective decisions are well-supported is essential for accurate…