David Fairley, Website Properties President, was recently interviewed by Forbes Magazine regarding how individuals throughout the US are starting and building million dollar businesses from their own homes. The internet is a wide open playing field for entrepreneurs and David’s comments and the Forbes article gives helpful suggestions to start of your next 6 figure […]
When a business owner makes the decision to sell his/her online company, one of the next questions that usually follows is whether to hire a website business broker to handle the sale process or to try to sell on his/her own. Hiring a website business broker provides a number of services that will prove valuable […]
Once you’ve made the decision to sell your internet business, it’s important to tend to a few items that will help you get the most out of the sale of your business and make the process as smooth as possible. Here are six tips to keep in mind when your business is listed for sale: […]
Often times when starting or acquiring a website business, owners overlook the importance of an exit strategy. What is an exit strategy? It is a plan for when an owner may want to sell a business. Selling the business is usually not on most people’s minds when they are just getting started, but it should […]
Buyers will often ask “If a business is successful and profitable, why is the owner selling?” Well, for all of the reasons that entrepreneurs decide to start their own website business or purchase an existing one, there are likely many more reasons that they all consider selling their internet business at some point in time. […]
When determining the actual value of a website business beyond the financial profit and loss statements using method such as EBITA , Cash Basis , etc , the main supporting fundamentals, other than the financial condition of the business, are unique to internet opportunities. These fundamentals typically underscore the reason for a buyer to pay […]
One of the biggest decisions an internet entrepreneur will make is when is the right time to sell the business ( or rather “baby”)? We get approached regularly to provide feedback, free website appraisals and general advice on potential clients internet businesses they own currently and are considering selling. Sometimes our appraisal is enough information […]
Many sellers describe their business opportunities as having great potential and upside that should justify a higher selling price. We regularly find ourselves explaining that buyers don’t pay for potential or what is referred to as ‘blue sky’ – unrealized financial expansion and profitability. Buyers will tend to focus on current and past results and […]
A big concern that usually crops up for our clients is how to handle their employees in lieu of their decision to sell a website business. The fears surrounding communicating to the employees that the plan to sell the internet business are moving forward are not unfounded. The uncertainty of how employees will react initially […]
A common problem encountered by sellers when listing their website business for sale is that they have multiple internet businesses they operate under one ‘roof’ so to speak. The sellers often only keep one set of books for all the businesses and typically one bank account where funds are deposited. The trouble starts when the […]