Selling a family business is a significant decision that requires careful planning and execution. Here are six key steps to ensure a successful sale. 1. Prepare Your Business for Sale Preparation is crucial when selling a family business. Start by ensuring that your financial records are accurate and up-to-date. Potential buyers will want to see […]
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When valuing a business, it’s important to understand that the process varies significantly depending on the size and type of the business. For businesses with under $5 million in revenue, often referred to as Main Street businesses, the valuation typically relies on a market-driven approach. However, as businesses grow, especially those in the lower Middle
Family businesses hold a unique place in the economic landscape, often embodying the hard work, dedication, and values of generations. Deciding whether to sell or keep your family business is one of the most significant decisions you will face. This decision can be driven by numerous factors, including market conditions, family dynamics, and personal goals.
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Valuating a business is a critical step for owners looking to sell, buy, or make strategic decisions. Accurate valuation ensures fair transactions and helps stakeholders understand the true worth of the business. The process involves a comprehensive analysis of various factors that influence a company’s value. Below are the primary factors to consider in business
We are thrilled to announce that Joel Duran, the founder of Duran Advisors, has been named one of the prestigious Chairman’s Circle Award winners by the International Business Brokers Association (IBBA). This recognition places Joel among the top 50 business brokers globally, a testament to his exceptional contributions and commitment to excellence in the field
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When you’re considering buying or selling a business in Louisiana, understanding its true value becomes essential. A business valuation provides the critical insight needed to make informed decisions, negotiate confidently, and maximize profit. As a trusted business broker, Duran Advisors has the experience and expertise to guide you through this complex process. The Importance of
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When it comes to buying or selling a business in Louisiana, understanding its true value is paramount. At Duran Advisors, we specialize in navigating the complexities of business transactions, ensuring that both buyers and sellers are equipped with the knowledge needed for informed decision-making. The valuation of a business involves several key factors, each contributing
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