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What are the key steps to a successful business or franchise search process?
By northbridgebusinessadvisorsllc October 4, 2016
Whether you are buying a business or investing in a franchise here are some things to consider preparing as part of the process: A self assessment: Ask yourself why you want to buy a business. What types of work activities do you like and what kind of lifestyle do you want to pursue? It’s importan...
Read More..What is the due diligence process?
By northbridgebusinessadvisorsllc October 4, 2016
Merriam-Webster Dictionary defines due diligence as “research and analysis of a company or organization done in preparation for a business transaction.” Ultimately, due diligence is the process of being sure that things are as they appear before a deal is finalized. The review of docum...
Read More..What are some creative financing options?
By northbridgebusinessadvisorsllc October 4, 2016
Creative financing is normal for today’s business buyer. There are a number of options that you can consider. Seller Financing – Increasingly, buyers and lenders are looking to the seller for financing at least part of a transaction. In such a scenario, the seller will hold a note at an a...
Read More..What are the benefits of buying a business instead of starting one?
By northbridgebusinessadvisorsllc October 4, 2016
There are certainly pros and cons to both buying and starting a business. The risk factors may favor purchasing an existing business. According to Michael Gerber, author of The E-Myth Revisited, 40 percent of new businesses fail in the first year and 80 percent fail within five years. On the other h...
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