Selling Your Business With a Business Broker

There are many ways to go about selling a business. If an owner wants to sell a company, and they do not have a ready and willing buyer; their easiest option will be to hire a business broker. The broker can handle the entire selling process for the owner. The business broker will market the sale of the establishment, handle the networking with potential buyers, qualify potential buyers, and ultimately make sure buyers follow the appropriate steps to purchase the business. All of these items are extremely important and are necessary for a business to sell.

Marketing the establishment alone can be a huge undertaking for a business seller. One of the main obstacles will be keeping the sale of the business confidential from employees, customers, and competitors. An owner looking to keep the sale confidential from their competitors almost have to hire a licensed broker because someone has to talk to the buyers and if the seller answers their own sales calls it will be very difficult to keep the sale confidential.

The business broker will also most likely have more sales advertising ability. Based on their experience they know which advertising methods work and which ones don’t. They also tend to get better advertising deals because they typically advertise the sale of multiple businesses at a time which gives them more resources to advertise the sale in more areas.

Networking with buyers is also a very important yet often overlooked task that brokers handle. An experienced business broker will constantly come across potential business buyers who constantly approach them and ask them about good deals coming on the market.

Even the most experienced buyers know that business brokers will have the most up to date information on what businesses will be coming on the market. As a seller, those connections are very valuable. This is because buyers are often confronted with the massive amount of advertisements that have businesses for sale. There is so much information available for buyers that sellers need someone working full time for them to make sure their investment is presented ahead of the other businesses for sale.

Fielding calls and qualifying buyers and directing them to the proper resources is also an important task for the business broker. If a seller tries to sell a business themselves, it might be seen as inappropriate for sellers to directly ask buyers if they have the experience and the funds to purchase the business, and it helps to have a middle person to find out that information ahead of time so that the seller does not start off on the wrong foot with a buyer.

Business brokers can also help direct buyers to the right accountants, attorneys, and other professionals in the area to help get the transaction done. They can continually follow up, encourage, and help move the buyer in the transaction in a timely manner and prevent buyers from simply taking their sweet time and unnecessarily dragging out the transaction. This stuff happens in transactions all the time, and the sellers don’t want to be seen as the “bad guy” and seen as hounding the buyer to ship in or ship out, but the business broker can do it.

The seller can have the broker move along transactions and allow them to keep their good relationship with buyer going thus ensuring a successful transaction

How to Start a Bakery Business

An eclectic mix of a sixth sense for culinary finesse along with innovative business acumen is probably the best success-oriented pre-requisite for an entrepreneur thinking of starting a bakery business. However, simplistic as it sounds, a bakery business is just not about tantalizing aromas or delectable tastes. It requires a similar amount of spadework and planning as the other businesses do, even more at times due to the high level of customer expectation in this field.

When considering how to start a bakery business, there are a number of critical factors one needs to analyze and decide on accordingly.

The business plan

The first and most crucial step is to lay down a concrete business plan for owning a bakery. The most important aspects which your strategy must touch upon include:

1. The physical area you plan to target
2. Nature of composition of your target clientele, including gender, age and food preferences
3. Type of bakery you want to set-up. Options could include a home-based bakery, mobile bakery shop, donut shop, franchise bakery outlet, ethnic bakery, etc.
4. Basic commodities and products you intend to offer
5. Staff required for the bakery and how you intend to train them
6. An outline of cost of products
7. Outline of production costs
8. Basic strategy for marketing
9. Basic infrastructure you might require
10. Source and amount of basic capital you intend to invest

Get a license

To operate a commercial establishment such as a bakery, you will need to have a license and be certified by the state in which you are operating. Lookout for associations and bodies relevant to the bakery business and ensure that you have the required memberships and affiliations from the same.

Get the equipment

Whether you are pondering over how to run a small bakery or planning to establish a bigger unit, the equipment you use can determine the success of your venture to a great extent.

The most important equipment that you will require, at least for the startup includes:

1. Ovens and mixers of different powers and for handling different specialties
2. Cooling racks for managing the produce post-baking
3. Baking dishes of various dimensions and sizes
4. Mixing bowls to suit ingredients of different materials
5. Assorted utensils and cutlery
6. Attractive packaging supplies
7. Extensive raw material supply
8. Cookbooks, manuals and recipes booklets to keep you updated on the latest trends
9. Sanitizers and other chemical detergents
10. Attractive display cases for your finished products, along with tables and chairs for your customers who might want to eat on the spot
11. Packaging material so clients can take their baked goods home

Starting a bakery business can often be a significant entrepreneurial decision. Apart from the basic training, work area, cost of products and other such aspects, one of the most crucial requirements is to ensure that you maintain the quality of the bakery products you churn out. In addition, when adequate attention is paid to all of the above factors when planning how to start a bakery, the results are generally effective, making the venture surely a profitable one.

Create a Profitable eBay Home Business

My favorite thing about eBay is the simplicity of everything. To get started selling you just setup a free account, enter your title and description, click a few buttons and whatever you have to sell is up on one of the most trafficked sites online.

eBay puts the buyers infront of you. People who go to eBay are there to buy things, they are shopping, looking for a bargain especially in these economic times.

Most other online business startups would require you to invest lots of time or money into getting traffic to your website, were as eBay has already done this for you.

The biggest and really only hurdle there is when selling on eBay is making sure you’re selling what people want to buy. It makes no sense to list things no one is paying for, and this is easily discovered with a simple search.

Let’s say I see a certain cell phone on eBay that’s really popular. I do a search for it, I scroll down and look on the left and see “Search: Completed Auctions” I click that, and I can instantly see what’s selling, who’s selling it and for how much!

I mean, it doesn’t get much better than this. You already know within seconds how much profit there is if you can find a source for the product.

So, maybe you find something and it’s selling like crazy but you don’t know where to get it cheap, easy just do a search on eBay for “PRODUCT NAME wholesale” or “PRODUCT NAME wholesale lot.”

Just like with any business or physical products there’s the manufacturer, the distributors and the end user (buyer).

The distributors range from people buying 1 at a time to buying hundreds of the product, the amount they buy will depend on how much they resell for which would determine how much you pay and ultimately how much you profit. Creating a profitable eBay Business isn’t difficult, but don’t forget to always look at it as a business and you’ll be as successful as you want to be!