Managing Your Business While it’s for Sale

There are three types of sellers. Seller one puts his business up for sale and ensures his company maintains the status quo in every way—from day-to-day operations to management to sales. Seller two focuses on continuing to grow the business and increasing profits. Seller three is so consumed with the sale of his business, he

How to Choose: Startup versus Established Business

If you’re considering owning your own business, whether the startup route or an established business, you know one thing’s for sure—entrepreneurism is the right move for you and your career. Identifying the right path starts with a few qualifying considerations—i.e. your current lifestyle, goals, financial situation and appetite for risk, among a few others. Understanding

Beyond Price in a Business Deal

Axial had an article that rings true with our experiences working with business owners and those looking to own. Being on either side of a transaction can be an emotional roller coaster. When a buyer finds a good business opportunity, many times it is the connection with the owner that is the ‘closer’ for the

Manufacturing Business SOLD!

A successful metal manufacturing business was successfully transferred to a new owner on August 1. The original owner started this business in 1993 and was ready to retire. The business was bought by a private investor. The company operates over 15 CNC machines, a number of lathes and grinding machines with over 20 experienced employees. 

#1 Business Sales for 2018

The annual International VR Conference was held the end of April. Three of our team members were able to attend and receive their individual awards and the #1 VR Office Award. For the fifth year in a row, the Lakes Business Group VR Office was number 1 in sales. We have maintained our ranking with

Successful Business Deal Closings

2019 has been a busy year so far with businesses changing hands. Our office had 6 closings in the past few weeks and we have three more set to close in the next couple weeks. These are the business transactions that have recently closed:#1426 – Bar/Restaurant/Banquet Facility $1,300,000#1309 – RV Dealership $1,000,000#1255 – Commercial Printing

Transitioning after Selling your Business

Our team at Lakes Business Group has helped hundreds of business owners through the process of selling their business.  It’s a big change for most of the business owners we work with, many have been contemplating it for a while and have future plans and others have just decided it’s time to move on. Regardless

Selling your Business – Starting the Process

One of the hand-outs our sales reps may provide before meeting or at the first meeting with a business owner is a 20 step sales process outline.   Below are these steps condensed into 15 steps process to sell your business. 1- Initial Meeting:   In the first meeting you’ll be introduced to our company and how

Tim Bullard & Team Awarded Quadruple Diamond Centurion Award

Every quarter VR sends out awards to top producers.  Our team has been the #1 VR Office in 5 of the past 6 years.  This quarter our office is the first to be awarded a Quadruple Diamond Centurion Award. Here’s the article from their newsletter: To be excited about the future you have to know

Eight Reasons to Hire a Business Broker when Selling Your Business

Below are some of the benefits of using a business broker.  Maintain Confidentiality:  At Lakes Business Group, we protect the identity of our clients.  All our prospective buyers sign a confidentiality agreement before seeing a business profile.   Some of our clients ask us to run the buyer’s names by them so they can approve before