Monday, December 23, 2013

Three Things to Be Sure of Before You Buy a Business

Buying businesses is not for the faint of heart. As of 2013, there are approximately 28 million small businesses across the United States -- and according to multiple studies, somewhere between 50-70% of those will fail within the first 18 months of operation. Nevertheless, knowledgeable business people can reduce their risk and every year there are thousand of people who succeed with pursuing their dreams. If you're one of those savvy would-be entrepreneurs, make sure that the risk you're taking is a calculated one. These three pertinent tips will be useful whether you're looking to buy a car dealership, a bakery, or a turnkey eCommerce website.

    Things to know before buying a business
  • Assess Your Budget - Approximately 50% of Americans dream of owning their own business, according to a poll by BizBuySell. If you're one of those people, you should make sure that you not only have the money to spend, but money to fall back on as well. That way if things don't work out, you'll only be out a business, and not your house and all your assets
  • Learn the Field - Do you want to run a restaurant or bakery someday? Good! Then you should know what is involved. Learn of the demand for certain kinds of food. Make sure you learn what kind of operating costs to expect. Make sure to research the industry and draw up a business plan. Going into a new industry blind is a surefire way to fall flat on your face.
  • Only Trust the Experts - If you're looking at what's involved with buying businesses, find a knowledgeable broker. Traditionally, business brokers screen different buyers for an owner who is looking to sell. Learning more about the entire process will not only give you an inside advantage, but a chance to see which businesses have a better chance of being successful after they're sold.
Keeping tips like these in mind will go a long way. As you look at buying businesses, you'll see that there are a lot of business investment opportunities out there. Some of them will be worth your while, while others won't be. If you have your proverbial house in order, you'll have the best possible chance of becoming a success as a new business owner!

Wednesday, November 20, 2013

Learn How to Go About Buying a Business

According to market intelligence firm IDC, 99.7% of all employers in the United States own a small business. You may have long been interested in starting your own company, but it's not something to jump into without preparation. First, you should make sure that you know what to look for when buying a business.

Learn how to buy a Florida Business
On November 12, Boss.blogs.NYTimes.com published an article about a restaurant in Tampa, Florida, that is on the market for $170,000. If that seems high, fear not! There are options out there that are both far more expensive as well as some that are more affordable.

There are a few reasons for the price on the restaurant in Tampa Bay being what it is, including the terrific location, an established presence and the fact that restaurants are hot in today's market. The right business broker can tell you what to look for when buying a business, so that you do not inadvertently wind up getting in too deep.

Purchasing a business will not do you much good if you cannot afford to pay any staff after you get things up and running. Buying businesses is not something that everyone is cut out to do, but for those who are interested, a business broker could be the answer.  Traditionally, business brokers screen buyers for the business owner that is looking to sell their business. They also provide a great deal of exposure for the business being sold, marketing it to the right group of buyers.

In certain states like Florida, business brokers are required to have a real estate license to practice their business legally.   Overall more than half of Americans dream of owning their own company, according to a poll by BizBuySell. As long as they learn what to look for when buying a business from a legitimate source, that dream could easily become a reality and Truforte Business Group is always a good place to start for buying a Florida business!

Thursday, November 7, 2013

Before You Buy a Business, Get a Little Help From a Broker

 
Buying a business is not a decision to make lightly. There are reasons both for and against buying an existing business, but one of the prevailing reasons for it is that an existing business does not need any start-up effort. Customers, employees, assets - everything is already in place. All you need to do is negotiate terms with the current owner. The first thing you should do is contact a business broker. A business broker is someone who can help you find new business opportunities or a small business for sale. Buying a business is not nearly as simple as just finding a broker, though. There is a process, and if you are excited to be making this kind of move, then here is what the process of buying a business might look like.
  1. What to look for when buying a business.
  2. A business broker can help you find a business, but how will you know if it is the right fit for
    you? Some people prefer to choose a business that is in close proximity to them, while others look for businesses that have a strong history and customer base. A fair selling price is something that you will have to consider, and whether you are either able to run the business yourself, or if you will need to hire someone with the appropriate skill set to successfully run it for you. You might want to look for a business that is in a state with laws, taxes, and legislation that support small businesses.
  3. Do not forget about due diligence.
  4. Once you have selected a business that you are considering buying, you will need to make sure that the business is operating according to all legal requirements. According to the United States Small Business Association, you will want to review all of the licenses and permits that the small business currently has. This will likely depend on what state the business resides in, and the type of industry it belongs to. You will want to check on zoning requirements, environmental regulations, and anything else that might affect the value or legitimacy of the prospective business. Certified financial records, balance sheets, leases, major contracts, cash flow, employee contracts and benefits, anything that could potentially cause a problem or influence your decision about the value of the business.
  5. Buying the business.
  6. Once you have done due diligence and been satisfied in the security of your potential investment, you may begin negotiating with the current owner. If you and the business owner cannot decide on a price, you can hire an appraiser, and then work towards an agreement on the terms, down payment, and which assets will be sold. A lawyer may be necessary at this point, because legal forms will need to be signed so that the business can change hands.
These three steps are a simplified representation of how to buy a business, but they should give you a general idea of what your journey will look like. Remember to choose a business that you believe you will be capable of running, and thoroughly investigate it before working towards a negotiated sale. As an entrepreneur, the entire process will likely be both challenging, enjoyable, and a good test-run for your new full-fledged business endeavor.

Friday, November 1, 2013

Buying a Restaurant on Fort Myers Beach in Florida

Not often do quality opportunities arise to purchase a restaurant on Fort Myers Beach.  That is why buyers need to act quickly when restaurant opportunities become available that are located in popular Florida tourist destinations, like Fort Myers Beach.


Why people buy restaurants on Fort Myers Beach:
Location, location, location… When searching for business opportunities, buyers need to analyze not
Buying a Fort Myers Beach Restaurant for sale
only what the income potential is and has been, but also where the restaurant is located and how that location can help in the success of your purchase of a business. What makes this restaurant different in terms of demographics of the area? Very few locations in Southwest Florida will offer a greater opportunity to succeed in the restaurant business than Fort Myers Beach.

When to buy a restaurant on Fort Myers Beach:
Fort Myers Beach and Southwest Florida in general has seasonal residents and tourists that come to the area primarily January through May. This is what local residents call “season”… The best time to buy a restaurant on Fort Myers Beach is prior to the start of season. This will help new ownership capitalize on increased revenue opportunities and help them get through slower months in the summer.

Finding and buying a restaurant on Fort Myers Beach:

When it comes time for buying or selling a Fort Myers beach restaurant, contacting a qualified business broker at Truforte Business Group is always a great place to start. To get started or to learn more visit us at Fort Myers Beach Restaurants for Sale or www.TruforteBusinessGroup.com

Monday, September 16, 2013

Buying a Sarasota or Bradenton Restaurant For Sale


Buying a Sarasota or Bradenton Restaurant For Sale

Is your dream to own a restaurant?  Are you looking for a small "mom and pop" place or a larger operation that offers growth opportunity?   What type of food will your restaurant serve and how large of a kitchen will you need?  As you start to think about what you want, the list goes on and on and you need to work with a professional who can help you identify your requirements.   

Are you looking for a Sushi restaurant, a sandwich shop, a diner or are you looking for an Italian or Mexican restaurant or an intimate fine dining place?   Each of these can be found in your area.  There are listings for all these types of Restaurants for Sale, in all price ranges that are located in the Sarasota and Bradenton area.

Sarasota restaurants for sale
What kind of d├ęcor are you looking for?   Do you want waterfront access, a beachy feel or are you looking for something that is in a high traffic downtown location. What about off street parking?  What about a liquor license?  There are all questions you must ask yourself before you begin your search for a Restaurant for Sale. 

Using the services of a Business Broker can help identify what is on your wish list and can help you uncover what you are looking for.  They can help to identify the price range and financing options for your new venture.   There are Restaurants for Sale that are being sold “turn key” which means that you have all the necessary equipment, utensils and supplies for the restaurant to be open and it can be a quick way for you to enter the business.  Other spaces may need some remodeling or decorating to make the location fit your requirements.

Whatever type of Restaurant for Sale that you are looking for, Truforte Business Group is here to help you find that perfect place that will meet your dreams and provide you with many opportunitiesfor growth.  To find our more, contact me at 941-685-3479 or look at our website at www.TruforteBusinessGroup.com to see all of the available listings.

Saturday, August 3, 2013

Organic and Natural Food Business for Sale


Buying a Natural Food Business for Sale

Natural food business for sale
With the popularity of organic and all natural foods there has never been a better time to buy a natural food business for sale. For those who enjoy eating healthy and like to practice good nutrition, owning a natural food store for sale makes perfect sense.  Buying a Florida organic foods business or natural food business for sale is a good investment because organic food sales have increased 35% over the past five years.  This is nearly three times the pace of the food industry as a whole. With growth like this it is no wonder people are searching for all natural food stores for sale in Florida. Florida with its ever increasing baby boomer population and its warm tropical climate make it an ideal place for owning or buying a natural food business for sale.

The Natural and Organic Foods industry is generating $29.2 billion dollars in sales and is growing at a very rapid rate because people are becoming more informed about various foods and processing methods.  Consumers are demanding foods that don’t contain Genetically Modified Organisms (GMO’s) and synthetic chemicals.   Families today want to buy healthy food for themselves and their children and they are shopping at, and buying foods at, natural foods stores for sale to ensure they are getting quality products. From fresh fruits and vegetable to meats, juices and more, many natural food business for sale have become literal supermarkets for the health conscience shopper. The health food store is no longer just catering to a small percentage of the population but with the increased consumer awareness consumers are and turning to healthier diets and healthier eating habits.

Finding and Buying a Natural Food Business for Sale

If you are searching to buy or even sell an all natural food business for sale in Florida you will probably want to consult with a Florida Business Broker.  Florida business brokers at Truforte Business Group will be able to put a buyers and sellers together with the purchase or sale of an organic or natural food business of sale. If you enjoy a healthy lifestyle or would like to provide others with a resource for obtaining organic or natural foods then now is an excellent time to buy a natural food business for sale in Florida. To get started or to learn more visit us at www.TruforteBusinessGroup.com  

 

Tuesday, July 2, 2013

Buying a Florida Marina Business for Sale


Finding the right Florida marina business for sale does not need to be a difficult task. Florida with its vast coast line has an abundance of marina related opportunities available. There are however, several key factors a buyer will want to consider before buying a Marina business for sale in Florida.

Location of the Florida Marina Business for Sale

Florida marina for sale
As in most business and real estate transactions buying a Florida marina business for sale can often be all about location, location, location. Buyers of Florida marina business for sale will want to consider the many different locations for Florida marinas. Coastal areas can vary drastically from commercial fishing locations to beaches locations, some of which rely on a heavy flow of tourist traffic.  Rivers, lakes and inter coastal waterways are home to many of the Marinas for sale in Florida. There is really no shortage of locations for marinas in Florida and the diversification runs from the heavily populated areas to some of the more remote or even a few island locations.

Size of the Florida Marina Business for Sale

Location diversity is not the only differences for Florida marina business for sale. Marina size can vary greatly depending on the type and location of the marina. For many marinas for sale in Florida the real estate is included in the price of the marina, and others the land is strictly rented or leased. This could drastically affect the price of any Florida marina business for sale, since the ownership of waterfront property in Florida tends to hold value extremely well. The amount of dock space, number of buildings and amenities will also vary depending on the marina.

Services of the Florida Marina Business for Sale

When it comes to the services of a Florida marine business for sale there can be big differences in the services offered and how revenue is generated. Revenue streams for a Florida marina business for sale can come from many different sources and are limited only by the owner’s imagination. Typical services for a Florida marina for sale may include dockage or boat storage. Services are offered on a monthly fee basis or sometime maybe purchased outright. Boat rental, fishing charters, bait and tackle shops, marine repair, fuel, boat brokerage and other boat related services can usually be found as well. Larger Florida marina business of sale will often have restaurants, lodging, retail shops, delis, convenience stores, liquor stores and any other number of services. Services offered by Florida marina business for sale can be almost more diverse than the size and type of location.

 The diversity of Florida marina business for sale can often impact the profitability. Marinas of varying sizes and location often reach a unique market that need servicing and the services offered by any given marina business for sale in Florida can often impact the bottom line. Having a marine with a number of different revenue streams can sometimes create a more consistent cash flow.
If you are looking for a marina business for sale in Florida or would like an opportunity to own a complete event center with restaurant, marina, c store, deli, liquor store, complete with real estate in one of South Florida’s most highly regarded fishing destination locations, you will want to contact the Florida Business Brokers at Truforte Business Group for your marina for sale in Florida.

Friday, May 24, 2013

Florida Business Brokers Take the Lead in Marketing Florida Business for Sale


Florida Business Brokers at Truforte Business Group are taking the lead when it comes to marketing and Selling Florida business for sale. Truforte Business Group, a leading Florida Business Broker has developed a new marketing program specifically geared at maximizing the sales potential of Florida business for sale. The business for sale program is design to expedite the sales process and get Florida business owners’ top dollar for their Florida business for sale. This is the first program of its kind, from Florida Business Brokers and is sure to generate interest from both buyers and sellers of Florida business for sale. Such an innovative marketing approach is not standard practice for many Florida Business Brokers and the marketing approach consists of seven key components.

Florida Business Brokers
Pricing the Florida Business for Sale

To qualify a Florida business for sale must be offered by Florida Business Brokers at a price which is not more than 20% above what the Florida Business Brokers has valued the business at. Standard business valuation methods are used and supported by industry comps and a reasonable asking price is set.

Reliable Business for Sale Financial Information

Florida Business Brokers will require 2 to 3 years tax returns and current YTD interim statements for the Florida Business Brokers to use in the valuation of the Florida business for sale.

 Estimate Asset Price Realistically

Florida Business Brokers will require that all assets of the Florida business for sale be estimated at a realistic value. For a business for sale this price is usually known as “Fair market value”. Sellers many times try to use a purchase price or replacement cost and Buyers like to use a liquidation cost, however the fair market value will usually be found somewhere in the middle. Florida Business Brokers can usually offer some assistance that will help the business seller come up with a realistic asset price.

Marketing Presentation from Florida Business Brokers

Florida Business Brokers will gather information and package a Florida business for sale so that all key sales points can be effectively communication to a potential buyer.  The Florida Business Broker will acquire much of the information from the seller and the seller supplied material such as company brochures, websites and other business sales information. Business Brokers can usually offer some assistance that will help the business seller come up with a realistic asset price.

Innovate Growth Potential

Florida Business Brokers offering a business opportunity with growth potential is always a huge plus. Buyers want to have some evidence that a Florida Business for sale has the potential to increase in earnings. This can many times be shown through the work in progress or a history of consistent growth.

Encouragement By Offering Favorable Business for Sale Financing

Offering a Florida business for sale with some financing options will make finding a buyer easier and quicker as the days of cash or self financed business buyers were dramatically effected by the real estate bust of recent years. Florida Business Brokers can assist with obtaining financing options or providing assistance with developing a plan to offer Seller financing.

Reasonable Transition of Ownership of the Florida Business for Sale

In order for Florida Business Brokers to sell a Florida Business for sale the seller’s responsibilities will have to be transferable to a new owner or the business for sale will need to have adequate management in place.

 For more information about buying or selling a Florida Business for sale, or to learn more about the exclusive marketing programs of the Florida Business Brokers at Truforte Business Group visit Truforte Business Group at www.TruforteBusinessGroup.com.

Tuesday, April 9, 2013

Selling a Bradenton Business


When it comes time for selling a Bradenton business, a business owner can be faced with many difficult decisions.  Each year dozens of businesses and business opportunities are sold in Bradenton.  Bradenton Business Brokers know the area well and are often the catalyst for those sales guiding Sellers and Buyers through the opportunities and assisting in the transaction process of selling a Bradenton business.  Each opportunity is unique and has its own challenges which require expert guidance and that is why using a professional Bradenton Business Broker is usually advised.

bradenton business for sale
Reasons for Selling a Bradenton Business

There is no one reason for selling a Bradenton business for sale.  You may be looking to retire, have health issues, are looking for a new challenge or will be moving out of the area or you may simply want to do something else to expand your horizons.   Whatever the reason, utilizing the services of a local Bradenton Business Broker will help you determine the value of your Bradenton Business for Sale and will work to position your business to be sold quickly.    The Bradenton Business Broker will almost always be the best resource for finding the right buyer and maximizing the sale.

Best Time to Sell a Bradenton Business

Timing is always important when selling your Bradenton Business.  Depending on your business cycle, a professional Bradenton Business Broker can help you determine the best time to sell.    Reviewing your past financials and looking at trending will help your broker to determine the time of year to get the most visibility for your business.  Typically the beginning of the year and the third and fourth quarters have the largest volume of sales; but selling a Bradenton Business for Sale may take some time and you should get the process started as soon as possible.

Completing the Sale of a Bradenton Business

Bradenton Business Brokers will work with business owners every step of the way when it comes time to complete the process of selling a Bradenton business for sale.   Gathering your financial information such as 3 years tax returns, detailed equipment lists and other pertinent business information will allow the Bradenton Business Broker to objectively determine the value of your Bradenton Business for Sale.   Your business information will be held in confidence.  Your Bradenton Business Broker knows the local business environment and will develop the marketing plan and provide avenues for visibility for your Bradenton Business for Sale that will reach qualified and interested buyers in the marketplace.

It is true that selling a Bradenton Business is no easy task. That is why contacting the professional Bradenton Business Brokers at Truforte Business Group can be an important first step to your success.  Visit us here at Bradenton Business for Sale to learn more and to get working on positioning and selling your Bradenton Business for sale.

 

Monday, April 1, 2013

Selling a Small Business in Sarasota

Are you thinking about selling a small business in Sarasota? Don’t know how to get started? Afraid to make the wrong decision?   Here are a few things to consider when selling a small business in Sarasota:

Should you sell a small business in Sarasota yourself?selling a small business in Sarasota

 
Many entrepreneurs like the challenge of doing things themselves. However, when selling asmall business in Sarasota there is a lot of work required to market and advertise your business. As an owner it can be difficult to stay objective when representing your own Sarasota business for sale.  Representing oneself in the sale of the business could also take the focus away from the day to day operations and growth of the business.  It is usually advised that a business owner keep their focus on the business operations and seek a professional Sarasota business broker. Having the assistance of such a professional will most often create a much smoother transition when selling a small business in Sarasota.

How much is my small business in Sarasota worth?
  
 When selling a small business in Sarasota, a Sarasota business broker can perform a thorough analysis of your business and help you determine the worth of your business.  The broker will be able to benchmark the business against other similar Sarasota small business that are for sale or that have recently sold, so that you can effectively position your business against other competing business. When it comes time to sell a small business in Sarasota knowing what the business is worth is an important first step. There are some myths that are often associated with business valuations so an accurate estimate and setting a realistic price for the business will go a long way in selling a Sarasota small business.

How long will it take to sell my small business in Sarasota?
 
Selling a small business in Sarasota can be a complex process.  There may be inventory to be transitioned, a possible lease assignment, and in some cases a lengthy due diligence process. There is no way to accurately predict how long it will take to sell a small business in Sarasota, but a good estimate could be 6 to 8 months. Certainly there are times when the sale of a Sarasota small business can happen much quicker. A professional Sarasota business broker in some cases will be successful in selling a small business in less than 60 days.  This often requires a meeting of the minds and a motivation by both the Buyer and the Seller of the Sarasota small business.

In summary, the best results in selling a small business in Sarasota are most often done by hiring a Sarasota Business Broker, knowing what the business is worth, and being patient with the sale.  To reach a qualified Sarasota Business Broker or to find out more, visit Truforte Business Group at http://www.TruforteBusinessGroup.com

Monday, March 25, 2013

Florida Business Brokers Provide Solutions for Buying or Selling a Florida Business

Florida Business Brokers are licensed real estate brokers who offer assistance to both Buyers and Sellers of Florida Business for Sale. Often considered the backbone of many Florida business for sale transactions, Business Brokers will navigate the negotiations of a Florida business sale in order to bring Buyers and Sellers together in a win-win situation. In most cases a Florida Business Brokers will be acting as a transaction broker on behalf of the transaction not officially representing either the Buyer or Seller.


How Florida Business Brokers Can HelpFlorida Business Brokers
There are many ways in which Brokers can help facilitate the sale of a Florida business. Florida Business Brokers will help the Seller prepare the business package and may prepare a business valuation which will be used to help determine the asking price of the business. Once Business Brokers have an agreement to market and sell the business they will proceed with a marketing plan in order to find a Buyer for the Florida Business. For Florida Business Brokers marketing may include print, internet ads as well as direct contact marketing. The types of marketing Business Brokers are able to do are usually far beyond what a business owner can do on their own, which is what makes Florida Business Brokers so valuable to the Florida business for sale transaction.
 
What to Look for in Florida Business Brokers
Working with an experienced Business Broker with good business ethics is usually a good first step to selecting a Florida Business Broker. Finding Business Brokers who are members of the Business Brokers of Florida and Alliance of Florida Business Brokers is a good indication that the company is willing to cooperate in the best interest of the Buyers and Sellers. Brokers refusing to operate in a cooperating manner usually means their Buyers and Sellers will be limited to the information that is available only to that particular brokerage. Some unscrupulous Florida Business Brokers will deliberately not cooperate or try to withhold information from other brokers so that they will not have to share the commissions of the transaction. Such actions are not in the best interest of Buyers and Sellers and dealing with such Florida Business Brokers will result in missed opportunities.

Why Florida Business Brokers are Important
Business Brokers are a vital part of the transaction for a number of reasons, but two of the most obvious are because of confidentiality and dissemination of information.  Florida Business Brokers provide confidential marketing services which can be critical to the sales of Florida business. Knowledge of an owner selling a Florida business can be highly damaging to a business if that information gets in the hands of customers, employees, suppliers or competition. Florida Business Brokers strive to protect the confidentiality of the Florida business sale. Florida Business Brokers also become a huge asset when it comes to the dissemination of information. The negotiation of a business sale can be an emotionally charged transaction where Florida Business Brokers have an important role of organizing and communicating the various aspects and details of the transactions in order to create win-win situations for Buyers and Sellers.
 
Once Buyers and Sellers fully understand the role for Business Brokers and the how, what and why Florida Business Brokers provide solutions for buying or selling a Florida business they will what to contact Florida Business Brokers they can trust. Truforte Business Group is Florida’s trusted Business Broker with experience of selling Florida business since 1994. Visit Truforte Business Group at www.TruforteBusinessGroup.com.
 

Monday, March 18, 2013

Selling a Sarasota Business for Sale


Selling a Sarasota business for sale can be a challenging yet rewarding task. Each year there are dozens of business and business opportunities sold in Sarasota, Florida.  Motivation of these Buyers and Sellers often plays a role in the success of Sarasota business sales, although perhaps even more importantly is the involvement of a professional Sarasota Business Broker. Sarasota Business Brokers are often the key behind the success of many of these transactions. From confidential marketing to the closing table, Sarasota Business Brokers are able to help guide the Sellers and Buyers through the transaction process of selling a Sarasota business.

 Why Sell a Sarasota Business

selling a sarasota business
There are many reasons for selling a Sarasota business for sale, these may include retirement, health issues, re-location, family problems, as well as a many others.  Business owners who are motivated to sell a Sarasota business usually experience success by contacting a professional Sarasota Business Broker. Even in situations where a business owner simply wants to “cash out” a Sarasota Business Broker will almost always be the best resource for finding the right buyer and maximizing the sale and selling the Sarasota business.

When to Sell a Sarasota Business
 
Timing the sale of Sarasota Business can be almost as difficult as trying to time the stock market, although there are usually key market indicators that can help with selling a Sarasota business for sale. Sarasota Business Brokers will typically see increased activity in the first quarter and again in late third or early fourth quarters. However business owners selling a Sarasota business are advised not to wait as it can sometimes take time to prepare the Sarasota business for sale.  Sarasota Business Brokers will generally advise the owner selling a Sarasota business for sale if there are any unique market circumstances and this could be different based on industry. Since selling a Sarasota business for sale is typically not a quick process it is usually advised to get the process started as soon as the decision to sell a Sarasota business has been made.

How to Sell a Sarasota Business for Sale

Once the decision has been made to sell a Sarasota business one of the first steps to take will be to contact a Sarasota Business Broker. Sarasota Business Brokers will be able to guide the Seller through the process of selling a Sarasota business for sale. Information such as 3 years tax returns, equipment lists and other business information will allow the Sarasota Business Broker to determine the value and create a unique package and marketing plan for the Sarasota business. For many reasons, including confidentiality, objectivity and business transference, it is almost always advisable that a consultation with a Sarasota business brokers will be the best course for selling a Sarasota Business for Sale.


Now that the questions of why sell a Sarasota business, when to sell a Sarasota business and how to sell a Sarasota have been answered, be sure and visit us here at Sarasota business for sale to learn more and to get starting with selling a Sarasota Business for sale.

Tuesday, March 5, 2013

Fast Business Plans – Do You Need Business Plan Software?


What Is Business Plan Software?

Business plans are considered to be a blue print for a business and it is a very important document that is required as you plan to start a new business. There are three ways to get a business plan done for your business – you can write it yourself or get the help of a professional to write your business plan or you can use business plan software. Business plan software is a type of software that helps you in preparing a business plan. Such software will have business plan templates in them that will help you to make a fast business plan. You will just have to fill in some important data with regard to your proposed business and let the software do its job. A business plan for your business will be in your hands in no time. This is a quick and easy way to get a business plan done but as in any software, there are advantages and disadvantages to business plan software.

Advantages Of Business Plan Software

·       They will cost less than what you will have to shell out to hire a professional to do your business plan

·       Financial projections are easy to be done using fast business plan software.

·       The headings and categories required for a business plan will be in place so you will not forget or overlook any important category

·       Financial statements like start up costs, Performa balance sheet, cash flow statement and income projections can be easily prepared using business plan software.

·       You do not need to input the same data in different places of a business plan. A data entered in one form will automatically be copied on the forms where that data is required.

·       It is easier to alter data in business plan software and this allows you to see the effects of the data change in your financial statement a lot easily.

Disadvantages Of Business Plan Software

·       Business plan software is standardized and this is an issue as you cannot alter the templates that are in the fast business plans software.

·       There is business plan software that is cheap, but it does not have customer support or technical support.

·       Software is devoid of business experience and industry insights that a consultant or even you may have.

·       As business plan software cannot review your work, you may have to ultimately get the help of a consultant to review the business plan you have made.

·       Business plan software costs money and there is no assurance of you getting a business plan that is best for you for the cost that you pay.

How To Select Business Plan Software?

There are many business plan software that are used nowadays and there are a lot more being released regularly. So selecting fast business plan software to suit your needs will not be easy. For a start identify the popular business plan software that is available for your business model. Read customer reviews of software that you have shortlisted and then compare it to the price and features available in the software. You may have to spend time to find good business plan software, but if you can spend the same time to read various sample business plans you will be able to create a business plan yourself without the help of software. Check out some good business plan templates and sample business plans fastbusinessplans.com before considering the option of buying fast business plan software. 

Tuesday, February 12, 2013

Buying a Sarasota Business for Sale


Buying a Sarasota business for sale can be a great alternative to working for someone else or starting a business in Sarasota, Florida. There are all types of Sarasota business for sale available; including restaurants, retail shops, automotive, construction and various service businesses across numerous industries. For people of all ages Sarasota continues to be a great place to live and work and buying a Sarasota business for sale continues to be a great option for those looking to generate an income.

Why Buy a Sarasota Business

Buying a Sarasota Business
There are many reasons for buying a Sarasota business for sale but perhaps a big reason for purchasing a Sarasota business is in order to generate cash flow or to make a living. For the entrepreneur who is either tired of working for someone else, or who understands the benefits of business ownership, buying a business usually proves to be the best option. Sure some choose to start their own business but there are many advantages to buying an existing business. In some cases, the capital expenditures necessary for a start up can be greater than that of buying an ongoing Sarasota business for sale. That’s not even taking into consideration the amount of money needed for advertising, marketing and business development. One of the great benefits in buying a Sarasota business for sale is that in many cases the buyer will be walking into a situation of instant cash flow.
Of course cash flow and money are not the only motivations for buying a Sarasota business for sale. Foreign investors often buy Sarasota businesses for the purpose of obtaining an E-2 or L-1 visa so that they may live and work in the United States. Others may have family motivations where they are looking to acquire and build a family business that may be handed down to future generations. All of these would be excellent reasons to consider buying a Sarasota business for sale.

How to Find a Sarasota Business for Sale

One of the first steps to take once the decision has been made to buy a Sarasota business is going to be to contact a Sarasota Business Broker. Contacting a business broker who handles the purchase and sales of Sarasota business will give a buyer access to some highly confidential which is not available to the general public. A Broker of Sarasota business for sale will normally require a Buyer to fill out and sign a standard confidentiality agreement so that they may share confidential information. It is important for a Buyer to work with Sarasota Business Brokers they can trust. Finding a Broker who operates on a cooperating basis with other Business Brokers will typically ensure the best results for buying a Sarasota business for sale.
 
Whether you are an early retiree, a young entrepreneur with some capital, or a foreign investor looking to acquire an E-2 or L-1 visa, there is no better time for buying a Sarasota business. To learn more or get started, visit us here at Sarasota business for sale


Monday, February 11, 2013

Why Use Florida Business Brokers for Selling a Business


Florida Business Brokers play a valuable role in the sales, mergers and acquisitions of Florida business for sale. Whether it is a small mom and pop business operation or sizeable corporation worth millions of dollars it is almost always advisable to use Florida Business Brokers for selling a business. From business valuation, marketing, presentation, to closing the sale, engaging the services of a qualified business broker, is sure fire way to get the process of selling a business on course.

Business Valuation

For Florida Business Brokers, determining value is one of the first steps to getting the business for sale process started. Typically the Business Broker will work with the last three years tax returns and/or profit and loss statements as well as any equipment, asset and inventory list in order to determine the value of the business. By working closely with the business owner or officers of privately held corporations, Florida Business Brokers are usually able to determine the value of the business with a fairly high degree of accuracy. Dealing with experienced Florida Business Brokers will usually ensure that the Broker has performed literally dozens if not hundreds of business valuations.

Professional Business Presentation

When it comes to the creation of professional business presentations, Florida Business Brokers are familiar with the necessary ingredients and key components that can make a particular Florida business opportunity marketable. Having sold hundreds of Florida businesses for sale, Florida Business Brokers understand what is important to buyers. Florida Business opportunities with a proven track record and a verifiable income are usually what today’s savvy business buyers are after. That with a combination of SBA or seller financing usually makes for a highly marketable business opportunity. Having real estate or some tangible assets of value also can enhance the marketability and working with well qualified Florida Business Brokers will mean a more professional presentation of the business for sale.

Confidential Business Marketing

Confidentiality is one reason many sellers use Florida Business Brokers for selling a business. Without a Broker it can be nearly impossible for seller to keep the sale of a Florida business confidential. Having the knowledge and resources to successfully market and sell a Florida Business in a confidential manner is where Florida Business Brokers usually become indispensable. Using Florida Business Brokers to confidentially market and sell a business allows the seller to keep their focus on successfully running the business.

Whether you are a small business, or privately held corporation free consultation is a great first step to developing an exit strategy and getting familiar with using a Florida Business Brokers for selling a business. To learn more about finding trusted Florida Business Brokers and why every business seller should use a business broker, visit us here at Florida Business Brokers.