The Importance of Owner Flexibility
You shouldn’t expect to sell your company overnight. For every company that sells quickly, there are a hundred that take many months or even years to sell. Having the correct mindset and understanding of what you must do ahead of time to prepare for the sale of your company will help you avoid a range of headaches and dramatically increase your overall chances of success.
First, and arguably most importantly, you must have the right frame of mind. Flexibility is a key attribute for any business owner looking to sell his or her business. There are many variables involved in selling a business, and that means much can go wrong. An inflexible owner can even irritate prospective buyers and inadvertently sabotage what could have otherwise been a workable deal.
Be Flexible on Price
A key part of being flexible is to be ready and willing to accept a lower price. There are many reasons why business owners may fail to achieve the price they want for their business. These factors range from lack of management depth and lack of geographical distribution to an overreliance on a handful of customers or key clients. Of course, one way to address this problem is to work with a business broker or M&A advisor in advance, so that such price issues are minimized or eliminated altogether.
Be Prepared to Compromise
In the process of selling your business, you may want to achieve confidentiality and sell your business quickly and for the price you want. However, the fact is that most sellers find that it is possible to have confidentiality, speed, and the price you want, but not all three. Ultimately, you’ll have to pick two of the three variables that are most important to you.
Be Patient
A third way in which business owner flexibility can boost the chances of success is to embrace the virtue of patience. By accepting the fact that businesses can “sit on the shelf” for a considerable period of time, you are shifting your expectations. This realization can help reduce your stress level. The fact is that stressed out owners are far more likely to make mistakes.
Sometimes Losing is Really Winning
A fourth way in which business owners should be flexible is realizing that you and your lawyer will not win every single fight. There will be many points of contention, and a smart dealmaker realizes that it is often better to have a good deal than a perfect deal. You may have to make sacrifices in order to sell your company. Simply stated, you shouldn’t expect the other side to lose every point.
At the end of the day, a savvy business owner is one that never loses sight of the final goal. Your goal is to sell your business. Seeing the situation from the buyer’s perspective will help you make better decisions on how you present your business and interact with prospective buyers. Maintaining a flexible attitude with prospective buyers helps to position you as a reasonable person who wants to make a deal. Goodwill can go a long way when obstacles do arise.
Copyright: Business Brokerage Press, Inc.
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Best Business Opportunities in Houston
Houston is the 4th most populous city of the US and has always been brimming with enthusiasm and energy. It’s a dynamic city with talent, imagination, and breathtaking attractions that make it a renowned international destination.
Houston has an established industrial base in aeronautics and energy supply and may be called a global city with strengths in research, medicine, education, technology, sports, science, fashion, media, culture, entertainment, international trade, and business. With populations from various religious and ethnic backgrounds, it’s a prospering international community.
The economy in Houston is vibrant and has the potential for business in all aspects. According to experts, if Houston were an independent nation, it would rank as the world’s 30th largest economy. All you need to do is develop a feasible, interesting idea that promises to deliver outstanding profits. While Houston offers a business opportunity in various aspects, we’ve brought you some of the best potential ideas. Read on to find out!
Cab Service
Houston has three airports that are spread over an area of approximately 1600 km sq. These airports deal with thousands of passengers carrying a lot of luggage daily. Offering a cab service to and from the airport can be quite advantageous for the city. While the one-time investment may be a little bit high, it can allow you to earn a lot of profit. Certainly, one of the best business opportunities Houston can offer.
Career Guidance
Houston is one of the American cities where the youth is booming. With a lot of career options at their helm, the students definitely need the best advice. If you have expertise in this matter and links with professionals, you’ll do a good job catering to this scenario. When you have such a large population to target, a good business can be made out of these services.
Translation/Transcription Services
In Houston, over 90 languages are spoken. If you’re well-versed with multiple languages, you’ll be able to do well in this industry. Plus, the best part is, it doesn’t require any investment.
Mobile Auto Workshop
A workshop is a great need in an area where there are a lot of cars. Undoubtedly, there are a plethora of workshops, but no one is willing to go there. Imagine a car stopping in the middle of the road due to an unforeseen problem. A lot of similar cases happen frequently, some in parking, and some on highways. A mobile auto workshop that sets off for these places on a single call can be a great help, and people will be willing to pay more for services like these.
Virtual Assistant
If you have top-notch time-management and organizational skills and spend a good portion of your time staying online, you can make some good bucks. It involves everything from maintaining databases to making contacts. All it needs is a decent computer system, fast internet connection, and of course, your time.
Nanny Services
In metropolitan areas of Houston, where mostly both parents work, this business prospers significantly. With a huge population, this city is the place for this business idea. If you’re good at looking after infants, get your work started by finding such couples who need your services.
Lawn and Landscaping Business
The city houses a lot of parks. This opens up an opportunity for individuals who want to do business close to nature. If your aesthetic sense and gardening skills are anywhere near good, you just need to invest in some equipment, and you’ll be ready to offer your services.
Messenger Services
Your time and your bike are the only prerequisites to get started with this business. There are a lot of offices that need to send their parcels within the city. In fact, you can also charge extra for swift delivery.
Web Design and Development
As the business is spreading, firms want them to be promoted on the internet, too, through effortlessly responsive and compatible websites. Web development and design are among the most lucrative business opportunities in Houston that can allow you to stand out among others. However, good marketing, expertise, and an aesthetic sense are required to initiate this Houston business opportunity and make it prosper.
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Options to Buy And Sell Business in Houston | Truview Business
Having difficulty finding the best place to sell or buy business in Houston? Congrats! You are in the right place. Contact us if you are interested in buying or selling your business.
Buying & Selling Your Business Houston
If you live in Houston and are looking for a business listing or business for sale, you’ve come to the right place. Texas is the Lone Star State and is famous for heatwaves, oil, and George W. Bush. However, Texas is also a decent place to start a business. In particular, the ground of Houston is quite fertile when it comes to opening up small businesses.
So, if you’re living in Houston and looking to initiate a business that will run for years to come, there are plenty of options to choose from both small and big.
Here are some cool ones you can tap into:
Online Marketing
A lot of businesses are now realizing the need for online marketing strategies. These strategies comprise social media marketing, content marketing, etc. In fact, Houston businesses are also willing to establish their brands in Houston and beyond by using such strategies. So, the demand for local SEOs, social media marketers, online marketing strategists, and other professionals has been surging. Therefore, setting up your own online marketing agency may be an excellent option for you, especially if you’ve good knowledge of this field.
Artsy Boutique
Artsy clothing is something that a lot of people in Houston prefer. So, the demand for these special wears is substantial. By starting a business that sells clothing for children, men, and women along with accessories like cufflinks, ties, and jewelry designed by artists, you make plenty of money. You can also include custom-designed pieces in your offerings.
Real Estate
Buy business in Houston without any hesitation. Why? Because the demand for every type of property in Houston is great. Specifically, property leasing and real estate development are quite lucrative. So, if you have both the know-how and the startup capital required to venture into this business, you’ll be made within a short period.
Chocolate Store
The addiction to chocolates is not match able in Houston. So, chocolate sales alone can make you a lot of money in Houston. You can open a store that provides everything from chocolate pizza to chocolate-dipped fruit to chocolate truffles. By turning them into various shapes like cars, animals, computers, etc., you can make them even more compelling.
Pet Care
Numerous residents in Houston have dogs and other pets. So, the demand for pet care services is undoubtedly huge. If you adore animals and can take good care of them, starting a pet care business is advisable. You can start a pet food processing business, a boarding facility for pets, a pet-sitting service, and a lot more. You’re sure to make good cash irrespective of the aspect of pet care you decide to venture into. Already own this business? Call TruView Business Advisors if you’re interested in selling your pet care business in Houston.
Car Wash Service
Many people in Houston own cars, which means the demand for car wash services is already huge. Who doesn’t like to cruise around in a shiny car? Well, that’s why car owners won’t hesitate to pay you for a car wash service. This is a great business opportunity for you if you like getting your hands dirty. However, you can also appoint someone else to do the dirty work for you and keep your commission.
Laundry Service
If you’re searching for a lucrative business that doesn’t require much expertise or startup cost, this is it. All you need to do is collect the required equipment and find a good location. Spread the word of your business all across the neighborhood of Houston, and you’ll soon have clients coming to your osmosis – provided you offer top-notch services.
Copy-writing Service
With the growing use of the internet for income generation and business promotion comes a booming demand for online copy-writing services. There are numerous businesses and individuals in Houston who are setting up new blogs and websites frequently for a plethora of purposes. So, by offering web content like social media updates, eBooks, press releases, articles, blog posts, and so on, you can make a lot of cash!
Whether you’re looking to buy a business in Houston or interested in selling your business in Houston, TruView Business Advisors is here to assist. Give us a call now if you’re in Houston and search for a business listing or business for sale.
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Best Real Estate Advisors in Houston
Looking for the best real estate business advisors in Houston? Here’s our handpicked list of the best brokers you can find in Houston:
Jason Ward
Jason Ward has more than 20 years of business experience, spread over a large number of companies and different industries. These include oil and gas, dealer services, gas stations, construction, manufacturing, private schools, e-commerce, convenience stores, distribution, public accounting, etc.
With the first-hand experience from the buying side, Jason Ward is a discreet Houston business broker. From consultant to internal auditor to external auditor to the controller to CFO, Jason has been called numerous things in his career with billion-dollar corporations and startup companies alike.
Jason completed his Bachelor’s from the University of Connecticut in accounting and completed his Master’s degree from the University of Hartford. He’s a CPA, an ABI (or Accredited Business Intermediary), and an active member of three firms: ABBA (American Business Brokers Association), TABB (Texas Association of Business Brokers), and IBBA (International Business Brokers).
Alfonso Parodi
Alfonso Parodi is the Parodi Team’s realtor, representing clients in Houston, Texas. With over ten years of experience, he specializes in both single and multi-family residential sales, vacation homes, foreclosures, and relocation services.
Alfonso Parodi earned his Bachelor’s degree in Business Administration and uses his communication, marketing, and knowledge of area communities to assist buyers in finding the right neighborhood and of course the right home.
Ces Guerra
Being a realtor with the Guerra Group for the Tanglewood Luxury Real Estate, Ces Guerra assists buyers and sellers in Houston, Texas.
He has over six years of experience and specializes in single and multi-family, luxury residential properties in the River Oaks, Tanglewood, and Memorial neighborhoods. Ces Guerra is also an accredited buyer and seller’s representative specialist.
Charlie Kriegel
Charlie Kriegel is the founder and realtor of Winhill Advisors, who assists buyers and sellers in Houston, Texas. Being one of the leading real estate business advisors in Houston, he specializes in condo sales, townhouses, and luxury residential houses for current and new homeowners looking to move up.
Charlie Kriegel also deals with relocation, property management, investment properties, short sales, and foreclosures. He helps his clients from the first listing and pre-market preparations for sellers to closing paperwork.
Christy Buck
Christy Buck has over 19 years of experience in assisting real estate buyers and sellers in the area of Houston, Texas. She is currently a realtor at Infinity Real Estate’ Christy Buck Team and an accredited buyer’s specialist as well as a certified luxury home specialist who speaks both Spanish and English.
Christy Buck also focuses on investment properties, first-time home buyers, and new construction. She works with a large staff who deals with all steps, from financing to closing.
David Edgerton
David Edgerton is a representative of buyers and sellers throughout Houston, Texas, and is a realtor for Edgerton Real Estate with All City Real Estate.
He specializes in property management, investment properties, and residential homes, and offers business development, local market forecasting, marketing strategies, and real estate financing services.
He has a Bachelor’s degree in Business Administration and uses experience, education, and contract negotiation skills to assist first-time home buyers and sellers.
Ige Johnson
With over 13 years of experience handling real estate transactions throughout the Houston, Texas area, she is a renowned Houston business broker for RE/MAX Generation.
She’s an accredited home specialist who also focuses on relocation, real estate development, short sales, and foreclosures. Ige Johnson is a senior real estate specialist, a certified negotiations expert, and an accredited buyer’s representative.
She works with a complete team, who offer VIP and concierge real estate services.
James Krueger
Representing buyers and sellers in the Houston, Texas area, James Krueger is a broker and Krueger Real Estate, owner. His expertise lies in rental properties, relocation, short sales, and foreclosures in the Tomball, Sugar Land, Spring, Missouri City, Richmond, Houston, Katy, Cypress, and Bellaire areas. James Krueger works with a full-fledged team that handles home staging, marketing, and relocation services to offer his full attention to his clients.
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Best Financial Consultant of Houston
TruView Business Advisors
Drawing more than 20 years of financial management experience, TruView Business Advisors span numerous companies and industries of every size. The founder of TruView has a proven track record of implementing cost savings and driving process improvements. Having some of the best business consultants in Houston, TruView offers you a custom strategy for success, a rapid success marketing plan, 6,600 referral partners, strict confidentiality, integrity, and certified and trained business consultants. Certainly, TruView is the best financial consultancy in Houston. However, we’ve got some more options for you. Read on to find out more.
Avalon Investment & Advisory
Avalon Investment & Advisory was founded in 2001 and is owned by individuals and outside entities, including the Cynosure Group, an investment service based in Salt Lake City, Utah. No one outside investors or individuals owns more than 1/4th of Avalon Investment & Advisory. Although it is based in Texas, Avalon Investment & Advisory serves customers worldwide. This business consulting firm operates in Houston and has a second branch in San Antonio.
Linscomb & Williams
Founded roughly 50 years ago, this firm mostly consists of accountants and attorneys. As a result of acquisitions, the financial advisor firm became a wholly-owned subsidiary of Cadence Bank, N.A. Linscomb& Williams operates as a principal offering in the wealth management division of Cadence Bank. While the firm may refer clients to cadence, it doesn’t receive Cadence payments if it does so.
To determine how it’ll allocate assets in client portfolios, the firm states that advisors formulate a recommended investment policy, which considers the liquidity needs, return goals, risk tolerance, and any other special circumstances of the client. The firm mainly uses bonds, stocks, and cash equivalents.
USCA RIA, LLC
Founded in 2010, USCA RIA, LLC, is a wholly-owned subsidiary of the U.S. Capital Advisors LLC, which is an integrated Houston accounting service that also owns USCA Management, LLC, USCA Asset Management, and USCA Securities. Some USCA RIA advisors are also registered with USCA Securities LLC, a registered broker-dealer.
Paul Comstock Partners
Paul Comstock founded Paul Comstock Partners in 1983, who is still the minority owner and director of the firm. Today, the ownership of the firm is under Alison Comstock Moss.
Paul Comstock Partners offers CIO (or chief investment officer)-structured investment advisory services. According to the firm, these Houston accounting services emphasize a strong working relationship with clearly-defined risk levels, cash flow requirements, and goals. The firm says it strives to prioritize its fiduciary duty to clients, along with sensitivity to costs.
The firm makes use of active investment analytics to come up with an investment plan that considers the
acumen of a client. It recommends a diversified portfolio of bonds and stocks and, based on the preferences and the client’s needs may also suggest alternative investments.
Americana Partners
Recently founded in 2019, Americana Partners is a young firm. Currently, it’s under the principal ownership of Jason Fertitta, who is the president. Altogether, the firm’s advisory staff boasts over 100 years of experience in the wealth management industry. The firm has secondary office locations in Dallas and Austin.
At Americana Partners, the team of advisors consists of two CFPs (or certified financial planners), one CFA (or chartered financial analyst), and one CIMA (certified investment management analyst). Here, you’ll find some of the best business consultants in Houston.
Chilton Capital Management, LLC
This firm has been in business since 1996. Over the years, Chilton Capital Management has combined with a lot of different firms. Most recently, an investment advisory and financial consultancy operation in Houston by the name of Texan Capital Management was acquired by Chilton. The majority of the shareholder of Chilton is Knapp brothers, LLC. The employees own leftover shares.
Almost every service of Chilton revolves around investment management, which it offers as either a discretionary or non-discretionary service. However, if you need financial planning tools, the firm’s proprietary Wealth ePath software can assist you in coming up with a goal plan based on your current liabilities and assets.
Corda Investment Management, LLC
This business consulting firm in Houston was founded in 1999. The CIO (or chief investment officer) and president of the firm, Bonner C. Barnes, is the majority owner. He has served the financial management industry for more than 35 years. Corda Investment Management LLC has three AIFs (or accredited investment fiduciaries) and two CFPs (or certified financial planners) on staff.
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