Financing Deal

To finance deal, seller financing is probably best option available to you. You won’t get a bank loan without offering a 100% collateral. The Small Business Administration does offer some financing but only for deals that meet a strict set of criteria.

The good thing about seller financing is that it shows that seller is being serious and honest about deal, and is not trying to offload an ailing business onto you. It shows that he has enough faith in business he is selling to share risk involved in running it with you. There’s no better way to be sure that a business is really worth buying. Seller financing also allows for far greater flexibility than any other kind of financing.

Most people who start looking for a business to buy never actually end up buying. If your first deal doesn’t come through, don’t let it deter you from looking for other businesses. Learn from experience and use it to sharpen your skills so that next time around, you know exactly what you want and how to go about getting it. Vested Business Brokers can offer you a range of financial options.

Services

Vested Business Brokers offers all services required in buying a business: 1.Initial Consultation - You will have a one-on-one via phone or in person with a broker in your area to discuss all of your questions and concerns regarding business buying process. Our brokers are trained to help you with business concerns as well as personal concerns. We realize that this is not only a financial decision, but a lifestyle decision as well. 2.Buyer Profile - Once all of your concerns have been addressed and you have signed a buyer registration agreement, your Vested Business Broker will create a buyer profile by which he/she can search for exact type of business you are looking for. 3.Viewing Listings - Once we have entered your criteria into our database, our computer will generate matches. Your Vested professional will then go with you to take a look at listing and address any questions you may have. 4.Offer To Purchase - If one of these businesses fits what you are looking for and you have had a chance to think about making an offer (sometimes you may have to make several visits to business to be certain), your broker will help you fill out an offer sheet. This sheet details price and terms at which you would like to purchase business. Here experience of your broker will help you in making best offer. In addition, Vested offers financial services that can help make a deal happen, even if you are short of funds. 5.Due Diligence - Once offer has been accepted, buyer conducts a period of research on business. Basically, due diligence is process by which you work with seller to verify financials of business as well as a period in which you learn inner workings of business. This process typically takes two weeks. A buyer may want to bring in his/her attorney or CPA to help during this phase of purchase. (We have many relationships with excellent professionals, if you need a referral). Your broker will be available to assist you in due diligence process in every way. 6.Contract & Closing - Following a successful due diligence period in which all of your concerns have been addressed, a contract will be drawn up between yourself and seller of business. Typically this is done between your attorney and that of seller. (Again, Vested has relationships with many attorneys if you need a referral). If contract meets all contingencies you have set forth, it can be signed and a closing date set. At closing, business will officially change hands and you will have completed buying process. Keep in mind that our brokers are here for you every step of way to ensure that you are making informed decisions. The process doesn't end at closing. Vested has developed relationships with many business service providers to offer new business owners services that are vital to success of their businesses.

At Vested Business Brokers we have enough experience in putting together successful deals. Our web page is www.vestedbb.com…article used to submit in article city

So, working on an assumption that design and preparation is sound and complete, responding to this hypothetical tender with “does not equal” sign as your ‘approach’ will certainly ensure that needs of ‘project’ are met. But, what if you spent some time thinking about other options, you might have considered submitting this ‘tender’ response:

I X 6 = V I

Where in ‘tender’ did it ask for a straight line? So here is another solution to same problem that may in fact be superior to earlier response. Our role then is to evaluate merits of options, and then our tender response needs to fully demonstrate why option we finally propose will be best solution for activity.

We are seldom likely to be a sole tenderer, so a critical success factor is considering what competition is doing. So by going through above process for our hypothetical tender, we now have two options to consider. Now we are presented not only with consideration of which option is best for activity, but also, what might our competition be considering? This means you are in a position to consider their team, their approach and their strengths and weaknesses. And by doing this, not only can you frame your response by demonstrating why your methods, team etc are most appropriate you can demonstrate this from a comparative standpoint.

All of this requires a commitment from us as potential tenderers or team members to looking for absolute best solution for proposed activity. And clearly it needs complete transparency amongst all stakeholders to ensure best solution is successful, not “best, because” option. And it equally requires a commitment from those assessing tenders and proposals to consider why alternatives or additions are being proposed, and evaluating these on their merits.

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Attention to detail.

It is critical for all of us in preparing proposals and tenders to maintain a commitment to having attention to detail. Nowhere in our hypothetical tender were we told that solution could only be reached using mathematical symbols, and maybe you have more solutions still.

S I X = V I

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Mel Dunn is Managing Director of Global Business and Development Solutions (globizdev.com ), which works with individuals and organisations that are committed to business success and the success of others.