Balboa Business Brokers

If you’ve set your sights on selling your company, don’t go into it blindly. We offer a free PDF guide for sellers where we delve into our proven selling method and all of the steps necessary for creating a successful business exit plan. We are ready to help you sell your business quickly and at its maximum value. Contact us to schedule a free consultation today!

San Diego Business News // Forever 21 is the latest retailer to take a hit amidst the retail apocalypse we're observing. Although this store doesn’t have as lengthy of a history as Sears or Toys R Us, we think it rightfully falls into the category of too big to fail. While the bankruptcy proceedings will continue to play out, the initial message is clear: massive brick and mortar retailers do not have the same unbreakable foothold they used to. Consumers have been becomi...ng increasingly conscious about the companies their dollars are supporting and we’ve noticed a shift as more and more people purchase from smaller businesses that align with their values. This is reflective of the seemingly higher degree of trust consumers place in small retailers as opposed to massive corporations. This is certainly something to consider if you are on the fence about starting a business amidst the downfall of these huge businesses.

Business Growth Tip / No matter the industry, relationships are critical to help propel your business forward. After all, happy clients take on the role of ambassadors for your company, extending brand awareness and spreading their praises. These intangible values, like customer loyalty and client recommendations, are some of the most important assets not included on your balance sheet. To capitalize on these relationships, direct specific effort into refining the connections you have with your customers - treat them as the backbone of your company because, in a way, their business keeps you afloat. Practicing good customer service is a surefire way to maintain a healthy, sustainable rate of growth.

Buying a business is a serious decision that takes a significant amount of forethought. When it comes to financing, it’s important to have a pulse on your credit as you will most likely need to take out a loan. One of the most common issues we see when people are purchasing a business for the first time is a spotty credit history. Before contacting the bank, make sure to have any mistakes or issues resolved as quickly as possible. A clean credit report and the maintenance of a solid credit score are instrumental in helping you secure a business loan at a good rate.

Productivity Tip / When it comes to working efficiently, it’s all about holding yourself accountable for completing the tasks at hand. However, as the clock strike 5 and the fast-paced day starts to catch up to you, the temptation to take a step back starts to creep in. To keep your accountability on lock, share your intentions with your superior or a fellow co-worker. The extra encouragement and pressure to meet their expectations might just be exactly what you need to work through your slump.

Your big opportunity may be right where you are now. Napoleon Hill

Your big opportunity may be right where you are now. Napoleon Hill

If you’ve set your sights on selling your company, don’t go into it blindly. We offer a free PDF guide for sellers where we delve into our proven selling method and all of the steps necessary for creating a successful business exit plan. We are ready to help you sell your business quickly and at its maximum value. Contact us to schedule a free consultation today!

San Diego Business News // Forever 21 is the latest retailer to take a hit amidst the retail apocalypse we're observing. Although this store doesn’t have as lengthy of a history as Sears or Toys R Us, we think it rightfully falls into the category of too big to fail. While the bankruptcy proceedings will continue to play out, the initial message is clear: massive brick and mortar retailers do not have the same unbreakable foothold they used to. Consumers have been becomi...ng increasingly conscious about the companies their dollars are supporting and we’ve noticed a shift as more and more people purchase from smaller businesses that align with their values. This is reflective of the seemingly higher degree of trust consumers place in small retailers as opposed to massive corporations. This is certainly something to consider if you are on the fence about starting a business amidst the downfall of these huge businesses.

Business Growth Tip / No matter the industry, relationships are critical to help propel your business forward. After all, happy clients take on the role of ambassadors for your company, extending brand awareness and spreading their praises. These intangible values, like customer loyalty and client recommendations, are some of the most important assets not included on your balance sheet. To capitalize on these relationships, direct specific effort into refining the connections you have with your customers - treat them as the backbone of your company because, in a way, their business keeps you afloat. Practicing good customer service is a surefire way to maintain a healthy, sustainable rate of growth.

Buying a business is a serious decision that takes a significant amount of forethought. When it comes to financing, it’s important to have a pulse on your credit as you will most likely need to take out a loan. One of the most common issues we see when people are purchasing a business for the first time is a spotty credit history. Before contacting the bank, make sure to have any mistakes or issues resolved as quickly as possible. A clean credit report and the maintenance of a solid credit score are instrumental in helping you secure a business loan at a good rate.

Productivity Tip / When it comes to working efficiently, it’s all about holding yourself accountable for completing the tasks at hand. However, as the clock strike 5 and the fast-paced day starts to catch up to you, the temptation to take a step back starts to creep in. To keep your accountability on lock, share your intentions with your superior or a fellow co-worker. The extra encouragement and pressure to meet their expectations might just be exactly what you need to work through your slump.

Your big opportunity may be right where you are now. Napoleon Hill

Business Growth Tip / A lifelong learner sets themselves up for a lifetime of success. If you feel like your business is at a plateau, consider investing in your personal and professional development. As the brains behind your company, focusing your energy on being better allows you to form new perspectives, experiment with refreshing strategies, and carve out a different path to direct your business initiatives. Don’t be surprised if your individual growth translates into the growth of your company

If you’re preparing to put your company on the market, make sure to download our free PDF guide for sellers. We’ve broken down our proven method and outlined all of the steps necessary for creating a successful business exit plan. We are ready to help you sell your business quickly and at its maximum value. Contact us to schedule a free consultation today!

Here are three key tips for building a business you can sell: 1. Focus on the End Game Once you make the decision to build your business to sell, you’ll think a little differently. Your mindset will shift, and you’ll act with intention to achieve that goal. Be sure to set a timeframe for achieving your goal to sell, then track the growth of your business, identify setbacks and course correct quickly.... 2. Keep Your Eye on the Value Work with a professional to monitor the value of your business as you are building it to sell. You want to make sure that your asset, the business, is growing in value at the right speed. Don’t wait until you’re ready to sell to get a business valuation. 3. Get Support Business intermediaries, like us, can help you understand the process of selling, identifying your most likely buyers, and estimate how the market will value your business

Happy Friday! While some of you are getting ready for your happy hours, others are trying to figure out where they can take their potential clients or customers to strengthen the relationship. If you fall into the latter category, you’re in luck because we’re sharing our favorite places in San Diego to entertain and impress clients. Sheerwater: Located inside the stunning Hotel Del Coronado, the views are just as spectacular as the food. A little on the higher end in terms... of prices but the ambiance is well worth it. Cucina Urbana: This restaurant is in the heart of Little Italy, making it a prime location to meet up for those working downtown. This place is perfect for a more relaxed meeting as you’re guaranteed to make a good impression without breaking the bank. The Nolen: Nothing warms up a client more than a little liquid courage. With its spectacular rooftop views and unique drinks, the Nolen is our go-to cocktail bar for client meetings. University Club atop Symphony Towers: If you’re lucky enough to be a club member, the University Club is a picturesque backdrop to host your next client meeting at. With a full bar and dining room situated amongst ample co-working spaces, you can talk business while seamlessly entertaining your guests.

As a business owner, growing your company should always be a top priority. Not only does this increase the amount of revenue you’re bringing in but it can set you up for success when it comes time to sell. Regardless of if you are looking to sell your business years from now or in the immediate future, every company can benefit from understanding these key business value drivers. Check them out 1. Sustainable and Growing Revenues, Profits, and Cash Flows 2. Diversificatio...n and Strong Relationships with Customers, Suppliers and Amongst Industries 3. Clean, Simple and Solid Financials 4. A Strong Management, Team and Culture 5. Clearly Defined, Structured and Documented Systems in Place Successfully maintaining all 5 of these drivers will enable your business to be valued as high as possible. Are you concerned that your company is lacking in any one of these categories? We’re here to help! DM us or contact us through our website to find out how we can help you grow your business.

San Diego Business News // Medical care is taking a step into the future and San Diego is serving as the backdrop. Coined the Apple Store of doctor's offices, Forward creates a high-tech, engaging primary care experience for its patients. For a monthly fee, similar to that of a health club membership, Forward patients have access to unlimited visits and direct contact with their physician at the touch of a button. Each exam room is decked out with cutting-edge technology, ...ranging from full-body scanners to artificial intelligence. From a business perspective, Forward has designed its structure to be more like that of a start-up firm and less like a medical company. This has ultimately enabled the firm to gain traction and gather funding from investors. Forward’s new office is set to open in La Jolla Village, sometime around December. Will you be paying them a visit? : @goforwardhealth

Business Growth Tip / Don’t get so caught up in the prospect of new business opportunities that you forget to nurture what you already have. While seeking out new avenues can play a pivotal role in your company’s growth, it also has the most risk attached to it. It’s all about finding a healthy balance between taking care of your core customers and finding new doors to open

Hey Orange County Teachers! Looking to start your own education business? Check out our latest education listing: http://www.balboabusinessbrokers.com/businesses-for-sale/