Business

Selling your small business can be a challenging and complex process, with many potential pitfalls along the way. From inadequate preparation to choosing the wrong buyer, there are numerous mistakes that can derail the sale of your business. In this article, we will explore some of the most common pitfalls to avoid when selling your […]

The franchise market is constantly evolving, with various factors influencing sale prices. In this article, we will explore the 2024 market trends impacting franchise sale prices, from the timing for maximum sale value to creating value in your franchise. We will also delve into the extended due diligence periods and potential ‘exit pileup’ in the

Considering selling your small business? Maintaining confidentiality throughout the process is crucial for a successful sale. In this article, we will explore the importance of keeping the sale confidential, the options for conducting a confidential business valuation, and factors to consider in maintaining confidentiality. We will also discuss why owners choose to keep business sales

Are you a franchise owner looking to navigate the post-sale transition process smoothly? We provide valuable tips and insights on handling the transition period effectively. From negotiating a favorable sale to developing a comprehensive transition plan, we cover everything you need for post-sale transition strategies to ensure a successful business handover. Learn from real-life case

Are you a small business owner looking to evaluate offers for your company? Understanding the importance of proper evaluation is crucial to ensure you make the best decision for your business’s future. Identify potential buyers, value your business using different approaches, and keep key considerations in mind. Stay vigilant during negotiations, follow M&A rules, and

Are you considering selling your franchise or entering the world of franchising? Understanding the tax implications that come with these decisions is crucial. This article will guide you through the complex tax landscape of the franchise industry, from navigating the new FTC non-compete rule to identifying potential tax deductions and avoiding common mistakes. Proper tax

Are you a franchise owner looking to boost your digital marketing efforts? We will explore the definition of franchise digital marketing and the costs associated with it. Key strategies that can help take your franchise to the next level include implementing a multi-channel approach, prioritizing local SEO, and utilizing geofencing for a competitive edge. By

Customer retention is crucial for the success of small businesses. We will discuss the importance of retaining customers and how to calculate your customer retention rate. We will also explore effective strategies for small businesses to keep their customers happy and coming back for more. From understanding customer expectations to incentivizing loyalty and referrals, we

Managing franchise employee transitions during a sale can be a challenging yet crucial aspect of the process. Smooth transitions are essential for maintaining productivity and morale within the franchise. Before the transition, it is important to assess your options, choose the right franchise, and explore transferable skills. Strategies for managing the transition include following the

Are you considering selling a franchise or interested in understanding the process better? This article will guide you through the essential steps in closing a franchise deal, from leveraging your value proposition to complying with franchise sales laws. We will explore how to attract qualified buyers, address concerns before signing an agreement, and negotiate fairly.