BUSINESS MINDS BLOG

Qualities of a Great Houston Business Broker

Qualities of a Great Houston Business Broker

Whether a person is selling or buying a small business, they will ultimately find a Houston business broker to be a vital partner in their quest. The key to success, however, lies in finding a Houston business broker with the right qualities, and this is the area in which many business owners struggle. Below are some qualities you should look for when working to sell or acquire a business.

#1 Networking & Professional Connections

First, a great business broker should have a large database network to draw on. This network will consist of industry organizations, networking groups, the Better Business Bureau, the local chamber of commerce, professional broker associations, and more. The more people he or she interacts with regularly, the more opportunities a broker will have to market your business to potential buyers and/or sellers.

#2 Professional Expertise & Strategy

Great business brokers will possess the professional skills to develop, implement, and follow through on effective marketing plans and strategies based on the prospective target audience, regardless of your industry. However, another advantage would be to find a broker who only specializes in your business industry. Before putting your business on the market, experienced brokers will make sure your paperwork, assets, and legal issues are resolved and properly prepared for sell. They will be willing to share what marketing tools will be used, and why they are most effective. Ultimately, knowledgeable brokers will create realistic plans to connect to companies and prospective buyers looking to invest in the market; or do thorough research on businesses to help potential buyers before a sale.

#3 An Exceptional Financial Record

Find a broker with a solid financial record. He or she will be willing to show their record of sale and how many businesses they’ve assisted resulting in closure. Realtors are fine for people who are simply looking to buy the most attractive real estate for their company. However, a business broker who understands the intricacies of buying or selling your business, and can provide information about the short and long-term chances of the business, is much better for success in this situation. He or she conveys the benefits of buying the business to prospective buyers, and emphasizes the strong points on behalf of the seller. Many realtors may not go this far into detail when working with clients interested in commercial real estate.

Connect with Del Lingco International to learn more about the benefits of working with a Houston business broker, and why this is significant when buying or selling a business. We will be happy to put our nearly 60 years of experience to work for you, and address any questions or concerns you may have. Your success is our success!

Call us at 713.783.5800, or connect online at Del Lingco International.

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Exits Are Inevitable, Failure Is Not: Planning a Successful Exit

Exits Are Inevitable, Failure Is Not: Planning a Successful Exit

  • Posted: Dec 29, 2016
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Planning a Successful Exit

We understand that business owners are so busy addressing today’s economic challenges that they can overlook the critical task of Exit Planning. We also understand that, at some point, all owners exit their businesses. When that day arrives, owners want to exit on their terms, the most important of which are financial independence and choosing the person or entity that will receive or buy the business. Continue reading

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Top 3 Business Broker Recommendations

Top 3 Business Broker Recommendations

Using a professional business broker to buy or sell a business is a vital and necessary attribute towards your desired outcome. Because there is a lot of work involved in both buying or selling a business, the aid of a professional can help you ensure that every ‘i’ is dotted, and every ‘t’ is crossed. Moreover, business owners may not be fully aware of certain legalities, or have time to consider them, when it comes down to buying or selling; therefore, we’ve constructed three top tips that a business broker would recommend:

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SPIRIT OF AN ENTREPRENEUR

SPIRIT OF AN ENTREPRENEUR

  • Posted: Jan 21, 2016
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SPIRIT OF AN ENTREPRENEUR

An entrepreneur must be willing to risk everything he or she has in order to achieve success. They risk failure everyday for just the chance to succeed. They must be willing to earn less, risk more, work harder and stay optimistic in the face of total disaster.If you stick with it, work hard and refuse to give up, you’ll have more self-respect, more freedom, more security, and eventually more wealth than you ever thought possible.A publisher of a national business magazine once told me Houston was unique in one certain way.  He went on to say that going broke here didn’t carry the stigma it did in other cities. I think we Houstonians realize that for entrepreneurs; failure provides a learning curve and a chance to start over.   If you don’t take risks you will always work for someone who does.It’s not a crime to fail, it’s a crime to not try.If you’re having some difficult times and wondering if you’ll make it, trust me, there will be more difficult times in the future; it’s just part of it.  But if you stick with it, work hard, and refuse to give up, you’ll have more self-respect, more freedom, more security, and eventually more wealth than you ever thought possible.  It’s up to you. On the other hand, if the worst thing that can happen to you is that you fail, you can damn sure be rest assured you’re in “good company”.  And after all, here in Houston at least, it’s even admirable. An entrepreneur would rather work 80 hours a week doing something they love verses 40 for someone else.

 

Remember…
God’s Delay Is Not God’s Denial

Written by:    Dominick Caravella, III, President of Del Lingco International, Inc.

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Why You Should Sell Your Business With A Broker

Why You Should Sell Your Business With A Broker

Selling a business can prove to be daunting; you have devoted numerous resources into starting, building and operating it. Having made the decision to sell, it’s important to get the best professional guidance available. Luckily, there’s a whole industry dedicated to such deals so if you’re unsure of how to sell your business, engaging a broker could be the way to go. Continue reading

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