Buying or Selling a Business Part 1

The Nine Stages of Buying or Selling A Business

Every business transaction goes through nine key stages. While never perfectly sequential, these stages will tend to progress in a generally linear fashion. Understanding and preparing for what lies ahead can make the difference between an efficient and successful sale, or one that fails to achieve a positive outcome.

Most sellers have never sold a business previously, and often haven’t purchased one either, since many businesses are started from scratch. Equally, buyers may be acquiring a business for the first time. Both will benefit from knowing what lies ahead during the sales process and preparing for it. This program will lay out the timelines, processes and obligations that will be encountered during a business transaction.

Please note this is Part 1 of a 2 Part series.

This webinar will be held through Zoom. You will receive a reminder email and login information prior to the session.

Presenter Bios:

Bill Scott, President at Front Range Business is a Chronic, Serial-Entrepreneur. In 40 years he has started many companies from scratch, has purchased some and has sold or shut-down a few. He is an Engineer, an Artist and an Inventor with patents. He has borrowed through SBA and Conventional Banks and has sold businesses for cash, earn-outs and seller-financing. His personal expertise is selling Manufacturing, Construction, Distribution and Service Companies. He is currently President of Front Range Business continuing their 35-year stellar reputation of serving small businesses in Colorado.

Don Hobbs, Broker A 50-year resident of Boulder and 6-year broker at Front Range Business, Don's background includes founding and selling 3 businesses, through which he acquired diverse experience with event production, satellite communications and expense management while serving United Artists, Microsoft, Engie, Coors and others. Since this is Boulder, he loves cycling and other outdoor pursuits. He’s most proud of raising over $3 million for The Children’s Hospital and The Red Cross.

The Colorado Small Business Development Center Network is partially funded by the U.S. Small Business Administration (SBA.) The support given by the SBA through such funding does not constitute an expressed or implied endorsement of any of the co-sponsors' or participants' opinions, products or services. The Colorado SBDC is a partnership between the Colorado Office of Economic Development and International Trade, the SBA, Colorado's institutions of higher education and local development organizations.