Andrew Rogerson

CBI, CBB, CMEA, CSBA

Free

Selling a business or buying a business Expert

Andrew Rogerson

Andrew Rogerson Quick Facts

Main Areas
Selling a business, buying a franchise and business valuations.
Best Sellers
Successfully Sell Your Business, Successfully Buy Your Business and Successfully Buy Your Franchise
Career Focus
Sacramento Business consultant, business owner, author and speaker
Affiliation
Intenational Business Brokers Association, Califo ia Association of Business Brokers, National Equipment & Business Brokers Institute, Society of Business Analysts, Sacramento Metro Chamber of Commerce.

Andrew Rogerson is a 5-time business owner that loves helping entrepreneurs exit or enter business ownership. His services include business brokerage - helping owners sell and/or buyers purchase a business. He also provides consulting on purchasing a franchise, certified machinery and equipment appraisals and business valuations.

Andrew currently holds the Certified Business Intermediary (CBI) designation from the Inte ational Business Brokers Association (IBBA), the highest designation awarded by the IBBA. Andrew has also earned the Certified Business Broker (CBB) designation from the Califo ia Association of Business Brokers. He holds a Certified Machinery and Equipment designation (CMEA) is a Certified Senior Business Analyst (CSBA.)

Andrew also holds a Brokers License with the Califo ia Department of Real Estate, is a member of the Sacramento Metro Chamber of Commerce and the Chair of the Sacramento Chapter of the Califo ia Association of Business Brokers. Andrew enjoys public speaking to talk about business ownership including buying and selling a business and buying the rights to a franchise.

Andrew is the author of four books on business ownership available from http://www.businessadvicebooks.com To sign up for my FREE monthly newsletter visit http://www.rogersonbusinessservices.com/free-documents-to-sell-a-business-or-buy-a-business

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Articles by this expert

SelfGrowth articles and saved writing connected to this expert.

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The need to use seller finance when trying to sell your privately held company has come back into vogue due to the lack of third party finance being readily available. Some techniques less known and used, however, are available but require a clear understanding between the seller and buyer and may then need good legal agreements to clarify, protect and define the responsibilities of each of the parties. Here are five options both a seller and buyer may want to consider.

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Getting finance to buy and sell a business from an independent third party such as an SBA lender since August 2008 has been very difficult. As part of the Federal stimulus plan in 2009, money was allocated to the SBA to try and kick start lending and this included the elimination of a number of buyer fees to obtain an SBA loan. However, one of the recent changes to the SBA loan program has seen the introduction of the need for a business valuation if the loan is going to be approved.

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Small businesses are a critical part of the economic landscape. All the businesses on the Dow 30 started as small businesses, reached a critical mass that then led them to becoming a public company and grow to where they are today. Depending on whose statistics you use, small businesses make up 98% of all businesses in the US economy.

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Just as there are different sellers with different motivations, there are also buyers with different types of needs and personalities. If you’re the seller of a business or looking to buy, understanding these different personality types may help you be more successful. 1. Unemployed This is the best type of buyer. But there are some catches. They need to have enough money as a down payment to buy the business. Zero down payment to buy a home hasn’t been successful.

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Selling a business comes with a huge number of variables. The following consider 9 important areas you need to work through if you want to successfully exit the business you own. 1. Do I need to create and use a team? Putting together an exit strategy and then executing it is a team sport. Don’t try and do it on your own. Members of your team to consider include: Accountant or tax agentr Personal financial plannerr Psychologist or Business Coach Insurance expertr Atto eyrnBusiness Broker Worried about the cost?

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There are many things you need to do when planning to sell your business. There are also things to avoid and here are 5 things to avoid so you successfully sell your business. 1. Talking when you shouldn't. This may sound obvious but when you sell a business it’s more important to listen and ask questions than continually talk to try and “sell” the business. Often there is more information in hearing the type of questions being or not being asked and the follow up comments.

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So you’ve made your New Year’s resolutions which included building a business plan. This includes setting your personal and business goals. You also did a budget to make sure you can afford to do what you’ve planned. You are therefore all rested and dressed up and ready to go. Bring it on you say. My question is therefore, you know WHAT you want to do but HOW are you going to do it? Chances are you have a list of projects and tasks you want and need to do.

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A business should be a constant ball of energy moving in different directions as the economy changes, new tools and innovations come to the market, the stress and strain from competitors and the ever changing demands of customers. This is what gets an entrepreneur out of bed every morning; the chance to do something different, learn something new, to see the rewards of hard work, to plant new ideas and watch them grow or to help someone do something they thought they may not be able to do.

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The process to sell a business is not a quick and easy matter. At the moment it is taking about 8 months to sell a business, if it sells. This means the business sits on the market for about 6 months before finally getting an offer from a buyer. Once the negotiations finish, due diligence commences and closes and escrow opens and closes we arrive at the 8 month period. And this applies if the business sells. Depending on which statistics you read, approximately 75% of businesses never sell.

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If you are thinking of selling your business, one of your first questions to answer is more than likely; where do I start? One of your first starting points is to be clear exactly what is being sold. This may seem obvious but many Sellers think they will deal with it when they get an offer. So let’s break this down and look a little more closely at it.

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There is no doubt that the current recession is as long and as hard as we’ve seen for many years. And hopefully we will not get to see again for quite some time. If you are a business owner whose business is not making a profit and you don’t have the capital to invest and keep the business going, you may be wondering about your options.

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Buying or selling a business is a major step for all entrepreneurs. It comes with obvious financial risk which everyone understands and prevents many would-be-entrepreneurs from starting their jou ey. However, an element not many understand is that the business ownership comes with many emotional risks that play a more important role than the money itself. Entrepreneurs are constantly challenged by many emotional risks. The obvious one is success or failure.

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Favorite Quotes & Thoughts from Andrew Rogerson

  • Successfully owning and operating a business is not a destination, it's a jou ey.
  • Whether buying or selling a business remember the Golden Rule; always put your feet in the shoes of the other party.

Contacting Andrew Rogerson

For more information, visit Andrew’s website at http://www.RogersonBusinessServices.com or email him at Andrew@RogersonBusinessServices.com

Or follow me on Twitter at @Andrewrog

How to get started

Andrew Rogerson specializes in business transfer transactions. For business owners that wish to sell their business, Andrew partners with them to appraise their business, discuss tax issues, market the business to potential buyers and handle all parts of the transaction including third-party lending, due diligence and escrow. For entrepreneurs thinking of business ownership, Andrew partners with them to determine their best option – buy an existing business, buy the rights to a franchise or start their business from scratch. He is the author of four books on business ownership called Successfully Start Your Business, Successfully Buy Your Business, Successfully Buy Your Franchise and Successfully Sell Your Business. For more information including immediate download visit www.businesstransactionbooks.com

For more information about Andrew and the services he provides, please visit his website at http://www.rogersonbusinessservices.com or email him at andrew@rogersonbusinessservices.com

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