Applying For Business Grants | The Value of a Business Broker When Selling

CHV Group May 2022 Newsletter

Buying & Selling
Advisory
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Applying for Business Grants

Provided by Bob Stahlsmith at TruStrive Sales Consulting


Even before the unprecedented times of COVID-19, businesses have always bore the front of hiring and training workforce, retaining, and nurturing their loyalty— all while ensuring the growth of profits, sales and beating out market competition.

 

Obtaining a business grant may sound like a dream come true for business owners. But finding, applying for and winning small business grants can be daunting. There are many grant programs that can help tackle business challenges such as hiring, retaining employees, growing export sales, launching new products, combating foreign competition and more.

 

The common misconception is that grants are only for not-for-profit businesses or possibly within the academic realm.


Are there really grants that can help small business scale, grow, hire, and onboard? Yes!


Most business owners don’t know where to begin. They find themselves asking questions like "what are the best grants?", "how do they work?", and "how do you maximize success when applying for grants?".

 

If this topic could prove helpful to you or others, reach out to us and we will outline the government-backed grants programs that can help small business achieve success. We’ve never seen a time with as many programs that are available to business- you will appreciate the case study examples that have been game changers for business owners!

 

Contact: Bob Stahlsmith

TruStrive Sales Consulting

864-915-0171

robert@trustriveconsulting.com

Some "Positive" News:

Net Sales Multiple Trends Upwards in 2022

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Contact CHV GROUP Today to Learn

More About What this Information

Could Mean for Your Business

The Value of a Business Broker When Selling Your Business

Just as many other big decisions in life, it’s all about perspective. Most people ask “Why would I pay commission for something with no value to me?” Sometimes that is the right though process for the owner. Everything was always done their way, he already has a buyer, and he will close with the money he deserves. But most importantly, he has time to work through the process. 


In our experience, many owners will come back after an initial sale and recognize the value of a broker for multiple reasons.


  • Selling a Business is a Process, which can last up to 18 Months. That is not even counting the preparation time if the Business is not properly positioned or prepared. What is the cost of the emotional and physical involvement of the Owners? 


  • Loss of value, a dip in Sales or Income has an immediate impact on a valuation. This could very well happen if the owner is pre-occupied with selling his business instead of running it. 


  • An engaged Broker will run the entire process, and motivate the Owner to actually improve the business and increase the value.


  • A good Broker will evaluate all options to position the company in the market for its best value and focus the marketing process accordingly. 


  • A Broker will stay motivated to seek out qualified buyers that will not waste the owner's time.


  • A Broker will keep everything Confidential – while selling as the Owner, a qualified or unqualified Buyer will know the name of the Seller, and there is no control. The Broker will always treat confidentiality as a key factor in the sales process.


  • Negotiation: a good Broker will keep the Buyer / Seller up to date with honest and accurate reporting, to avoid last minute red flags. A good Broker will uncover with due diligence, thus eliminating future problems.


  • And the most key point, a good Broker will have the Seller prepared to sell when we go to Market!



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CHV Group LLC| www.chvgroup.com