Bungaomar Business Blog: April 2017

Tuesday, April 11, 2017

6 Things You Must Know Before Selling Your Business

Selling a business is never an easy or simple process. However, the rewards can be great, and ultimately, life-changing, so if you do decide to sell there are six key things you need to be aware of that will help you prepare and maximize your chances of success. Getting it wrong before you start can ruin any hopes of a sale and can mean many months of your time wasted.

While I specialize in the sale of online businesses and refer to those as examples, these points still apply to business sales whether offline or online. Experienced buyers will see straight through you and the business you are selling and will quickly pass over your offering if they see any red flags.

Monday, April 10, 2017

9 Questions You Should Ask Before Hiring a Business Broker

You have two main options available when you decide it is time to sell your business. You can try to sell it on your own, or you can retain the services of a business broker to handle the details of the transaction. While it is possible to sell a business on your own, most business owners simply don’t have the time, contacts or objectivity to negotiate a safe and fair deal.

Using a third-party professional is often the best option, but only if you hire the right broker that properly represents your best interests. Hiring the wrong broker can be the difference between not selling at all and selling for a price you are satisfied with. Here are nine questions you need to ask prior to hiring a business broker:

Five Mobile Business Ideas

LocksmithHave you ever locked your keys in your car or locked yourself out of your home? A locksmith could rescue you. Locksmiths do most of their work outside of a traditional location -- helping those who are locked out, and installing and repairing locks on doors, windows, safes, and cars -- making it the perfect mobile business.
Cleaning ServicesCleaning businesses are another "always on the road" business that can be lucrative. And don't get stuck thinking this means just cleaning houses. While residential cleaning is a popular option, you can also clean offices or retail spaces. You can even specialize in a certain type of cleaning, such as green cleaning or construction cleanup.
SalonWe talked about a mobile pet grooming business earlier, but what about grooming for humans? With the right experience and equipment, you can bring a salon that provides hair and nail services to your customers. If successful, you can even consider expanding to a mobile spa that provides massages, facials and other luxury services.
PhotographerYou don't need an extensive studio or traditional business location to start a successful photography business; you can take you gear anywhere. In fact, a mobile photography business gives you the opportunity to capture photos in unique places. Read this article on creating a mobile photography studio to get started.
FloristIf a food truck is a good mobile business idea, what about a mobile florist? Mobile flower trucks can deliver flowers for special events, or just park in a highly trafficked location and sell bouquets to those passing by. With a flower truck, you can even create a hands on experience by letting customers pick flowers for their own arrangements, providing a truly customized service.