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BayState Business Brokers Blog

Create Notes Now of How Covid-19 has Affected Your Business.

Posted by Marc Gudema on Tue, Jul 07, 2020 @ 12:41 PM

Many businesses are being affected by the Covid-19 shutdowns and their effect on business results. Because of this, it is likely that business buyers and lenders will consider this in valuing your business and approving a loan for a business buyer when you sell your business. But how it is considered will depend on your particular situation. Businesses in the same industry are being affected differently. It is likely that business buyers and lenders will want to dig deeper into what your business did during this time and how it was affected. Now is the time to create notes, or a journal, of what is occurring. Here are some suggestions on what to include in the notes.

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Tags: sell a business, exit planning, covid-19

With the Coronavirus (Covid-19) Outbreak, Should you Buy a Business Now?

Posted by Marc Gudema on Mon, Mar 23, 2020 @ 10:29 AM

If you have been thinking about buying a business, you are probably questioning whether now is the right time to do so.  As we all know, the coronavirus/covid-19 outbreak is affecting the economy. It’s understandable that people are concerned about what the future holds. As a country, we’ve been through many traumatic events. We survived 9/11 and the great recession. The United States is the strongest country in the world with tremendous resources in its people and economy. We will get through this and be as strong as ever.

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Tags: buy a business, when to buy a business, coronavirus, covid-19

Selling Your Business in the Face of the Coronavirus and Economic Uncertainty

Posted by Molly Hanson, CFP® on Wed, Mar 18, 2020 @ 02:33 PM

Many business owners are asking us if they should defer the decision to sell their business because of COVID-19. It is a fair question. After all, the impacts that the coronavirus may have on some small businesses are significant. 

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Tags: sell a business, coronavirus, covid-19

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