I'm a serial entrepreneur with a passion for tech, business intelligence and mergers & acquisitions. I've co-founded Centurica, FE International & Optimum Feedback and launched Flippa Deal Flow.
I'm also a Business Advisor for Quiet Light Brokerage.
Quiet Light, FE International, Deal Flow, Latona’s – we’re all guilty of it! Or at least this is how some buyers see it.
With nearly half a decade in the online business brokerage industry, the number one concern that I keep hearing from buyers is related to accounting with owner’s time (and the cost of it) in the provided financials.
This is clearly a major issue, and one that no online business brokerage has yet managed to properly solve.
Buying online businesses often involves a significant learning curve. You need to know what’s the fair price to pay, how to complete proper due diligence, how to organise the handover of the business, what to do with the business after you’ve bought it and much more.
But everybody needs to get started somewhere. Because of this, I’m often asked what’s the one thing that every buyer should know and understand, and this article will take a shot at answering just this.
In this article I reveal the 5 most common ways that website brokers (even some well established ones!) tend to trick buyers and sellers alike in order to get their business.
So you have a website or an online business and you’re considering selling it for a lump sum of cash that you can invest in your newest venture, or perhaps use it as a retirement fund or to finance that around-the-world trip that you’ve been dreaming of?
It may seem fairly easy and simple, but in reality, there are a number of pitfalls that the majority of first time sellers tend to fall in, resulting in deals falling through at the last minute, the seller getting paid much less than your business is actually worth, or not being able to find a buyer at all.
I have compiled an overview of the most common mistakes made across the industry, accompanied by some tips for preparing yourself and your business for the exit phase, ensuring a smooth transaction and most importantly – making sure that you will get paid a fair price for your property.
Planning to sell your website any time soon? Check out this presentation for must-have resources to get the highest possible price and avoid making mistakes that can cost you thousands of dollars.
The Website Brokerage industry has quickly become infected with a number of fraudulent brokerages. This article gives you 8 actionable tips to distinguish between a legitimate brokerage and a fraudulent one and not make a 6-figure mistake!
This article looks at due diligence from a quite unusual angle. Sometimes there might be certain red flags in place that just aren’t enough to make a site a bad purchase, but knowing what they are will almost always help you get a better price. Keep reading to find out how!
90% of small businesses fail within their first year in existence, and the majority of them fail not because the business is not feasible, but because the owner/manager is inexperienced. Follow these 6 principles and be among the 10% who survive the first year!
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