BFS Global serves as a renowned marketplace for professionals to connect through their specialized database of existing businesses. Entrepreneurs and sellers use the platform to maximize future potential.
A business is a valuable asset to have and when business owners or entrepreneurs decide to place their bets on them there are many influencing factors that need to be considered. This includes the dynamics behind wanting to sell a business. Dynamis Online Media Group had become an internationally renowned organization that started up three different websites to solely connect entrepreneurs and sellers. The Business For Sale or BFS global website was the first of these connecting arenas which had started in 1996 and steadily took off on a global scale.
Over the years, the global database’s prominence has provided opportunities for numerous specializations. The business procurement potential had reached 145 nations thanks to the visibility provided to business brokers, franchisees, and sellers. More than a million investors and entrepreneurs had used the marketplace. Dynamis had begun educating interested parties with the content that they provide, a support staff, and through trade events beginning in 2012, including the business event The Business Show in the United Kingdom, to aid as a means to further enhance the experience.
The internet has provided everyone with the chance to develop adaptable new methods that enable the achievement of creative execution. The proper investments have resulted in an increase in profitability. However, it may also be stated that failing to conduct research and investing in the incorrect business has resulted in numerous failures, particularly if all of the various contributing variables are not in an investor’s favor.
According to the US Small Business Administration, the first two to five years of a business are some of the most unstable. This shows where a companies true strengths and weaknesses are before complete failure or progress ensues. If a business has reached the ten-year landmark then it has successfully lead the way to the maturity stage within its sector. So it can be said as any professional knows that the business, market, and sector choice should be chosen with confidence and the aligning abilities that can take on the path to success. As elaborated by Greg Fitzell, Biz2Sell, “When buying a business, a lot of people simply buy a business that fits their budget that is generating the desired income. It is far better to buy a business that suits your skills, background, experience, and passions.”
Sellers have gravitated to the database for a number of reasons, and the influence of Covid-19 would have put a halt to what was previously effective and slowed down profitability for many. According to Bank of America, the post-pandemic climate has increased opportunities for approximately 79% of small businesses and approximately 59% of entrepreneurs, allowing for economic markets to pick back up. BFS global is a database that was established to assist all purchasers in locating an existing business that meets the parameters that have been sought out as it is known. The required details and documentation for such business, on the other hand, would be negotiated discreetly amongst the appropriate parties.
Providing a compelling argument to sell and buy. When sellers utilize the platform, they have access to an easy business selling procedure. The option to utilize qualified brokers, mergers, and acquisition specialists is an essential element for sellers to consider. BFS Global assists company owners and franchisers in listing the business. There are guides to navigating the selling process, including how to locate the proper broker, analyze the business, ensure that the business is in peak shape to sell, and lastly, how to perform a business valuation and what will be required for the valuation appraisal that would be needed. It’s critical that the debts that may be outstanding are cleared and that an accountant is used. The valuation that a company needs after these critical factors are considered and dealt with, is directed to ValueRight by BFS global, which they note is free to use.
The platform provides a location for brokers to benefit and get exposure, which aids in the purchasing process. They have the option to list, and such listings are not made available to other brokers. Sponsorship packages that increase individual profiles, assistance with the design of targeted email campaigns, and automated listing uploads are among the services provided by BFS Global. Every listing that is posted is also added to partner sites, exposing brokers and sellers to more vetted buyers making the database a more secure environment to leading businesses and professionals.