Around the Web: A Week in Summary
A recent article from Transworld Business Advisors entitled “How to Evaluate a Business to Buy” provides a list of important questions and factors for business buyers to consider when determining the value of a business.
Given the substantial investment involved in purchasing a business, choosing the right one is important. After deciding the industry and type of business that is best suited for you, the next step is to thoroughly evaluate your prospective choices. The important factors to look at are:
- Reputation
- Competition
- Owner’s Reason for Selling
- Customer Base
- Employee Satisfaction and Retention
Be sure to ask yourself a series of honest questions that will peel back any layers of misconception while analyzing the business and your own motives. After making the decision to definitely pursue a specific business, it’s a good idea to ask both the owner and your broker as many questions as you can before proceeding.
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A recent article from Certified Business Brokers entitled “You Can Purchase a Business Using Retirement Funds” explains how a business owner can cash out their 401k or IRA in order to purchase a business.
An individual can avoid distribution penalties by adopting a transfer trust plan rather than withdrawing the funds from their retirement fund. By doing this, they are increasing the total amount that they have to invest into their new business. A pension or tax advisor can best provide all of the necessary guidance to carry out a transaction of this manner.
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A recent article from Mergers & Acquisitions entitled “8 M&A Advisors Urge Closing Deals Now, While Economy Stays Strong” records the answers of 8 prominent bankers and advisors to questions about the current and future state of the M&A market.
Mergers and acquisitions boasted a record breaking year in 2018 and fired up many investors, bankers, seller and buyers in the process. While the first quarter of 2019 did not quite measure up to the awe inspiring numbers of the previous year, competition for high-quality targets remains intense. Interest rates continue to remain low, the economy is healthy and a sense of urgency lingers in the marketplace. No one can be quite sure if and when the market will finally take a downturn, despite everyone’s desire to know. These 8 professionals use their expertise and experience to weigh in on what can be expected from this exciting atmosphere.
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