Once you’ve found the right buyer for your transportation business for sale, you’re only half-way to making a great sale. The other half of the equation is keeping the buyer interested long enough to make it until closing. What keeps a potential buyer interested long enough? Deal flow is the key. When miscommunication or human […]
Business
My Business Won’t Sell. What Am I Doing Wrong?
The process of selling a business can be confusing. Every business owner is intrinsically invested in their business, both financially and emotionally, and the sale is therefore often compromised by the complexity of these interests. Because of this proximity, many sellers make the same mistakes during the sale process, including loss of objectivity, confidentiality breaches, and destabilization […]
Buying A Diamond In The Rough
Sometimes when buyers look at business that are for sale, they fail to look past the surface. A limousine business for sale, for example, with an older fleet of vehicles and a rundown lot, will deter many buyers from the thought of purchase. The smart business decision, though, is to look deeper because oftentimes, businesses […]
Tips for Developing Your Exit Strategy
Establishing an exit strategy at the beginning of a business’s life is always a smart move. However, allowing that plan to stagnate over the years could be devastating should an unplanned downturn occur. The transportation industry can be a volatile place, and one small downturn on any level could spell disaster for those not prepared. […]
Selling a Business: How to Package Your Business for Sale
If you’re considering selling your business, then it’s important to realize that your business can be marketed just like any other product or service. With the right marketing strategy, your business can sell quickly and at a fair price, and fortunately, there are only two main steps for packaging a business for sale: identifying your […]
Marketing a Small Business in Tough Times
If your small business is struggling, then it’s understandable that you would consider cutting corners. But deciding which expenses can be eliminated and which are necessary for the health of your business can be an incredibly difficult task, even for the most experienced business owners and operators. If you’re anything like some business owners, you […]
Business Flash Drives
Businesses are constantly growing and expanding. Part of this expansion includes entering the digital age with new technology and trends. A customized USB drive from CFgear can help a business owner succeed in the digital age. Customized USB drives from a reputable company like CFgear can double as business cards or promotional memorabilia, so flash […]
Helping Your Transportation Company Survive Rising Fuel Costs
With approximately 70% of U.S. goods being moved by various carriers, those who are part of the trucking industry benefit from a uniquely stable demand. However, that stability is challenged by the increasingly volatile cost of fuel. In an economy in which fuel prices have at times risen by upwards of 40% over a 6-month […]
Is Your Business Ready to Grow?
Perhaps you haven’t considered the idea of growing through acquisitions. By acquiring another business, your company can often offer greater returns with fewer risks than the kind of organic development for which you’ve no doubt hoped and planned. As you gain a better understanding of the potential benefits and typical process of acquiring another business, […]
Selling a Struggling Trucking Business
“Buy low, sell high” is probably the most universally accepted investment principle. It may seem simple, but finding the best time to buy or sell often takes strategic planning and analysis coupled with a heavy dose of good luck. Whether your investment is in the form of stock or a trucking business, identifying the optimal […]