Join Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, as he addresses commission for those selling a business.

Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, explains business evaluation with different businesses.

Join Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, as he explains EBITDA and its importance when selling a business.

Join Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, as he explains how long it typically takes to sell a business.

The decision to become a business owner involves planning, making strategic decisions, and navigating new territory. Selling a business is no different. There are three major variables involved in prepping your business for sale – its ability to sell, its readiness, and your timing. The status of all three constantly shift and change.

See Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, explain how we ensure confidentiality and professional transparency when selling a business.

See Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, explain how to stay focused on the business to maximize profit and more when selling a business.

During this interview, Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, sits down with WCCO morning news host Dave Lee to answer general business buying and selling questions. Interview details In this insider's look, Scott answers some of the common questions people ask about buying and selling a business. A few of the questions discussed in the interview are the following:

Seller financing is an attractive part of business acquisition. This happens where a business owner is willing to finance the buyer in the event of a business sale. The amount of financing usually covers part of the selling price. Combining that with a buyer's down payment or other source of financing can make all the difference when qualifying a prospective buyer. There are several instances where this setup makes the most sense to both parties involved, yet it's not the best option for all sellers looking for the successor. Here are some key things to know about seller financing: