There are several reasons why people choose to purchase an existing business instead of building one from scratch: you will be free from the responsibilities of building a customer base, investing initial capital for marketing, and establishing a steady net of positive cash flow. All of these aspects are already mature in a purchased business.

When you’re selling a business, it can be all too easy to get tied up in the process. After all, selling a business requires preparation, gathering info for the valuation, listing and working with the buyer through due diligence . Instead of getting bogged down by the to-dos, remember one thing: you cannot sell a business without a buyer. In order to attract the right buyer for your business, it’s important to focus on the key things buyers are looking for. Read on for what to expect when selling a business.

If you're on the path of entrepreneurship and looking to buy an existing business - buyer beware. What I'm trying to say is, there is a lot at stake and lot of effort required to becoming a business owner. That isn't intended to dismay you or alter your plans for buying a business, rather to caution you against unnecessary risks and prepare you for a lengthy process. And, with any process in the business world, there are always unforeseen circumstances that that catch you by surprise. Here's what you need to know about buying a business - as illustrated by this infographic.

While business ownership, and more specifically small business ownership, hasn’t been a primary talking point throughout this election cycle, we cannot ignore the potential for impact. Business owners always seem to have a lot at stake during election years – and this year is no different.

As a business owner, when do you know the time is right to sell a business? If you're like many business owners, an ideal scenario might be selling your business at the same time as when you plan to retire. Right after your business is sold at maximum value, you can start your retirement journey, which may include sailing into the sunset with your new boat and all of your dreams coming true. Sounds perfect, doesn’t it?

Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, addresses the question about ensuring employees are taken care of when selling a business.

See Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, as he answers this question by focusing on the goals of the buyer.

Join Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, as he talks about the team he has in place, ready to assist those looking for expertise when buying or selling a business.

Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, will explain who should be involved in the sale of a business, as well as the role Transworld plays.