Guides for business buyers: finding, evaluating, financing, and closing on the right acquisition, from CGK Business Sales.
Financing a business acquisition is one of the most important steps in the buying process, and it is also one of the most misunderstood. Many first-time buyers assume they need to pay cash for the entire purchase price, or that financing a business works the same way as getting a mortgage. Neither is true. This […]
How to Finance a Business Acquisition Read More »
Running a business can be challenging, especially in competitive markets. That said, it can also be immensely satisfying for the type of person. If you’re thinking about buying a business, it’s important to be realistic about not just the local market but also your abilities as a future business owner. Before reaching out to a
Essential Traits for Successful Business Owners Read More »
Every day, entrepreneurs purchase or start businesses and plan to succeed in their endeavors. While many do, others don’t, as they fail to explore all the elements that make a business prosper. If you’re considering purchasing a business, it’s important to understand there are a few generally accepted strategies owners can employ to succeed in
Universal Keys to a Profitable Business Read More »
Over the past two years, the pandemic’s impacts reverberated through the business sector, creating problems no one ever expected to face. Once-thriving businesses were forced to close, costing jobs and changing the way people viewed owning a business. At the same time, some sectors prospered, which means business owners in those industries faced an entirely
Biggest Business Trends in 2022 Read More »
Experienced entrepreneurs know that the early steps required to start a business are some of the hardest. Coming up with a business plan is just the beginning. Aspiring business owners also need to finance their start-ups, and that generally requires establishing and building business credit. This article discusses how to establish business credit for your
How to Establish Business Credit Read More »
In February of this year, Governor Larry Hogan signed Maryland’s Recovery for the Economy, Livelihoods, Industries, Entrepreneurs, and Families (RELIEF) Act of 2021 into law. The impressive $1 billion relief package enacted by the Maryland General Assembly doesn’t stop at providing direct aid to qualifying Marylanders. It also offers grants, loans, and tax relief to
Why Maryland’s Relief Act of 2021 Is Your Sign to Buy a Business in Baltimore Read More »
When entrepreneurs start new companies, they typically devote a good deal of thought to what types of businesses they want to form. Potential buyers need to be just as thoughtful if they want to avoid making costly mistakes. There may be types of business structures to avoid when buying a business. There are two basic
Types of Business Structures To Avoid Read More »
Are you tired of working for someone else? Ready to take the plunge and become a business owner? You aren’t alone. According to the Chamber of Commerce website, for the period of 2009-2016, around 400,000 small businesses are started each year. However, as we all know, the road to success in business is littered
Negotiating is one of the most difficult aspects of any business sale. If not done correctly, the buyer can end up either paying too much for the business, or the seller can receive less than they hoped for. Sales negotiations are delicate and challenging, but with expert help a win-win solution can usually be found.
Business Sales Negotiations: Counter Offers & Compromises Read More »
Business owners are contacting us to ask whether this is a good time to sell their business. Should they defer the decision until the coronavirus is under control and conditions have improved? It’s a good question. Here are some observations: It’s safe to sell your business. We are able to use video conferencing applications,
Can I Sell My Business During the Coronavirus? Read More »
