Checklist Before Selling Your Business

Your business is your lifeline – you rely on it to provide the services you need it to for others, and you also count on it to give you a steady income for your employees while hoping to grow. Selling your business can be a big step in the process, one that a lot of business fail to make in order to actually be successful – selling to Venture Business Opportunities not only puts you in the right hands of expert brokers that have a network of thousands of prospects, but also ensures that your business is treated as a person, not a transaction.

Are you looking to sell your business? Here are a few things to consider before selling:

  • What is the main reason you are selling?
  • Selling on your own vs a broker (a broker can help you sell quietly, while you keep your business running as long as possible)
  • Handling the profits – again, a broker is here to assist in every aspect of the selling process
  • Have a post-sale plan
  • Make sure the buyer is interested in the POTENTIAL, not the amount

While you may already be in the market to sell your business, the licensed brokers at Venture Business Opportunities are here to help when you are serious about selling – with a network of over 1,000 buyers and growing, your business will be placed in the right hands for you to further pursue more successful opportunities,

Ready to get started? If you are needing help with the first steps, or in the middle of your own business sale, contact us 972-783-1662 at Venture Business Opportunities today to get started and be successful.

 

Questions to Ask Before Buying a Business

If you’re looking to buy a business, there are a lot of questions to ask beforehand. The process can be overwhelming, and if you don’t know what you’re doing, the results can be a mess. Here are some important questions to ask before buying a business.

Why is it For Sale?

In many cases, businesses go up for sale because the owner decided to retire or pursue another opportunity. When this happens, there is often a carefully thought out plan involved. However, if the business goes up for sale suddenly, it may be cause for investigation. Did something happen that prompted the owner to want to sell? Finding out more information may be beneficial.

How did the Seller Valuate the Business?

While this is not always a major question, it can have an important factor in the sale. There are multiple valuation methods used to determine an asking price. If the owner did not use a reliable valuation method, he or she could have an unrealistic idea of what the business is worth. This can poorly affect your chances of making a good purchase, so it may benefit your to find out the valuation method used.

Is There a Future Demand for the Business’s Products/Services?

When buying a business, you’re making a big investment. To ensure that it pans out, be sure to ask yourself if the business’s products or services will still be in demand a few years down the road. You don’t want to sink money into something that ends up losing business.

Do you have more questions to ask before buying a business? Contact Venture Opportunities at 972-783-1662 for professional business brokerage services in Fort Worth, TX.

Startup Tips For The New Business Owner

Are you starting your own business? Congratulations! During this very exciting time, many people like to give you a lot of advice. Sometimes this advice is not as positive as you need it to be. These naysayers will give you the statistics of failure and dampen your hopes. Don’t feel down; remember, this is your business, not theirs. In order to give you a more positive start, Venture Opportunities Inc. has compiled a few tips to keep you and your startup on the path to success. 

Startup Success Tips

1. Always Have a Plan

The key to any business success is to have a solid plan and stick to it. Define a goal, chart a path, and detail any potential concerns that may come along the way. Make sure you have realistic and measurable goals as well as deadlines to meet them.

2. Connect With People

This means connecting with both your clientele and others within your field. Go to conventions or social events and have a table to meet like-minded individuals and spread the word on your business. This is a great way to put yourself out there and glean advice on how to strengthen your startup.

3. Keep Up To Date

It may seem hard once your business launches, but keeping up on new information within your field is important. This can show you current trends and investments. It can also tell you when it is the best time to sell your business, is that is the plan.

4. Remember to Put Yourself First.

Always remember, while your startup is important, you are also important. Set definite times for business activity, family activity, and self-care. Never let the two become one.  It is easy to blend it all together, especially if your business brand is yourself, but wearing yourself down means you will not be able to devote your all to your business.

We wish you luck on your startup business! If selling your business is in your future, contact Venture Opportunities Inc. today at 972-783-1662!

Why Use A Business Broker?

Looking to buy or sell a business? You might be asking yourself if using a business broker is worth it, and the answer is yes! Here are just a few of the benefits of using a business broker.

Expertise

No one is more knowledgeable when it comes to buying and selling businesses. A business broker can expertly evaluate your business to properly value it. With constantly changing markets and evaluation methods, most individuals are unable to make a proper assessment. Looking to buy? Business brokers can quickly find options meeting your criteria and show you only what you want to see.

Marketing

Marketing can take significant effort to be effective, which is something many individuals don’t have time for. Plus, you might not want employees to know that you’re looking to sell the business. Confidentiality while marketing can be difficult. By hiring a business broker, you can effectively market your business while focusing on your other priorities.

Security

From confidential agreements to knowledge of legislation, a business broker can provide an extra level of security to your sale or purchase. By relying on the expertise of a professional, you can feel more comfortable about an agreement. An upstanding broker will be transparent and honest with you about all steps of the process.

Looking to buy or sell a business in Dallas or Fort Worth, TX? Call Venture Opportunities at 972-783-1662 today to talk to one of our experienced brokers!

Ready to Buy a Business?

If you are considering buying a business, you’ve probably already started researching the best ways to find businesses for sale. Going through the process on your own, especially if this is your first time buying, can be a stressful ordeal as there are many steps to go through. Working with a business broker can make the buying process a breeze.

Venture Opportunities can assist you with finding the right business based on your qualifications and the type of business you are interested in running. A broker database can sort out through the current businesses available in Forth Worth to find the best matches for you without having to pour through every sale individually.

Having a team of professionals helping you understand the qualifications of the business you are considering buying will help ensure that you don’t hit any roadblocks in the process and even make sure it’s the right choice of business for you. The team at Venture Opportunities will help sort out your finances and confirm the you have any necessary licensing needed to run the business.

Once your options have been narrowed down, you can begin meeting with sellers and learning more about the business. The next steps will be the negotiations and buying offer. Once an offer to purchase has been accepted, you begin the closing process. Even once you have confirmed the sale, there is still plenty to do including contracts and final documents. Venture Opportunities will be there to assist you every step of the way.

If you are interested in purchasing a business in the Fort Worth and Dallas, TX area, contact our team today at 972-783-1662

3 Common New Franchise Mistakes

Owning a franchise can be a great investment that will allow you to help a company you choose succeed. Whether you recently bought a franchise or you’re considering it as an option, think before you make these three new franchise mistakes.

Forgetting to Research the Franchise

It seems silly, but some people get so caught up in purchasing a franchise that they forget to do their research. There may be problems lurking beneath the surface of an otherwise wonderful franchise. Take the time to look up the company, read reviews from other people who own its franchises and visit a few different locations. You may come away with valuable knowledge that will either send you in a different direction or give you valuable insight on your dealings with the company in the future.

Thinking You’ll Be Your Own Boss

When you own a franchise, as opposed to the business of your own, you are not your own boss. Sure, you’re the boss of your employees, but you report to a larger company that expects you to do your job. If you don’t work well with others, don’t set out to own a franchise thinking you can do whatever you want. You’ll be disappointed in the end if you’re only doing it for a little freedom.

Not Consulting an Expert

Before you sign a contract, make sure a business lawyer or expert looks over it. You may be ready to get started, but you want to know what you’re signing up for. Our company has seasoned entrepreneurs who can help answer any questions you may have about owning a franchise. Call us at 972-783-1662 to avoid new franchise mistakes!

Selling Your Business At The Right Time

If you are looking to start the process of selling your business, you need to make sure you do it at the right time so you get high profitability from the sale. Here are a few things to keep in mind before putting your business up for sale.

How Profitable Is Your Company?

We recommend having at least two years of profitability and tax records to prove it. Those who are looking to buy companies want to see that it is sustaining profits. Make sure you keep detailed records of your company worth. Being prepared will go along way in finding the right buyer fast.

It’s also important that your company is showing profit growth and is not declining or staying static. A company that is showing continued potential growth will get the best offers from buyers. Don’t wait until profits begin to decrease as this will only limit the return you will get from a sale.

Is Now The Right Time to Sell?

It is important to understand the market and how well current sales are faring. Selling your company at the wrong time could result in poor offers while the value of companies on the market are reduced.

Need help with the selling strategy of your company? Contact Venture Opportunities, Inc. at 972-783-1662 to speak with one of our advisers on how to get started on making the right decisions for a profitable sale. We will help you with your financial records and company valuations to ensure you get the highest offers for your business in Dallas, TX.

Biggest Mistakes Made When Buying A Business

Buying a business can be an exciting, chaotic, and stressful experience. And with everything that is happening simultaneously during this time, thee can be come poor decisions that are made. Here are some of the worst mistakes that are made when purchasing a business.

  • Buying it alone: Even the most seasoned individuals in business ad marketing can have a difficult time thinking of everything for the company. Going into the deal with at least one other person provides you with opportunity to get advice when you’re unable to decide on something and can also point out things  that you may have overlooked or not considered. Having assistance gives you the chance to think about critical business decisions.
  • Ignoring emotion: Yes, paying attention to the facts and number when purchasing a business is very important. But there are a number of other things that should not be swept under the rug. Pay attention to how the employees get along with each other because it’s important to have a good working environment. You should enjoy your work space.
  • Misunderstanding the advantages: In the wold of business, you can’t just do everything everyone else is doing. You have to be able to step it up and do things that your competition is not doing to set yourself apart. Without knowing your company’s competitive advantage, picture of the company’s potential or how to even make use of it. It’s critical to know the direction you want to go before signing on that dotted line.
  • Signing your name: A major legal mistake that a buyer of a company can make is signing their own name on documents that’s tied to the business. This is something that should be avoided because you now have assumed personal liability for that company. You want to have your assets completely protected if that company was to go belly up.

Don’t go into such a venture with unanswered questions and concerns. Call Venture Opportunities at 972-783-1662 today. We’re here to provide you with all the advice and assistance that you need.

When Should You Sell Your Business?

One thing to remember as a small business owner is this: owning a business can be risky. That’s why many entrepreneurs decide to build up their businesses, and then sell them off at a profit to someone who can afford to take on a larger risk. But how do you know when it’s a good time to sell your business? Here are some clues:

You Are Risk-Averse

Maybe you started the business before you were truly ready. Or maybe you weren’t prepared for the initial loss of capital that usually occurs before profits begin to roll in. Brand new businesses are risky, so if you’re tired of gambling, it could be time to sell.

Someone Offers to Buy

You should seriously consider any offer that makes financial sense. By selling your small business, you will have liquid assets that you can invest elsewhere. You will also be passing the risk off to someone else, which might be a good thing.

It’s Time to Move On

If you’ve had your business for several years, you might have earned enough money to retire. Or you might just feel the urge to move on to another industry. If you are in either of these situations, you might want to sell as soon as you get a fair offer.

If you have a small business that you are thinking of selling, give us a call today. We are experienced, and we can help you sell your business quickly and confidentially.

Protect Your Personal Assets With an LLC

When starting a small business, it’s important to keep your personal funds separate from your business funds. It’s also important to protect your personal assets in the case of a lawsuit or other penalties your business incurs. One way to do this is by creating an LLC – Limited Liability Company.

First, Choose a Name

Texas law requires your business name to be easily distinguishable from the names of existing businesses. An LLC’s name must also contain “Limited Liability Company“, or “LLC”. To check for name availability, visit the Texas Secretary of State’s web site.

Next, File a Certificate of Formation

The LLC is officially created by filing Form 205 with the Texas Secretary of State. This form will ask for more information, such as the name of the LLC’s registered agent. This must be someone with a physical street address who has the authority to accept legal documents on behalf of the business. The filing fee for Form 205 is currently $300.

Finally, Consult a Professional

There are some special circumstances that will require more paperwork. For example, foreign LLCs that want to do business in the US have to pay a filing fee of $750 and provide even more information. Have a pro oversee your LLC formation to make sure everything is in order and properly filed the first time.

Of course, you can always buy a fully formed business or franchise. If you like this idea, please give us a call today!