17- Nov2016
Posted By: Joe
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NewGate Capital Partners is dedicated to improving your business.

NewGate Capital Partners is dedicated to improving your business.

Many entrepreneurs think of themselves as successful if they have formed an LLC, established their company in an office space, and possibly even reached $300,000 in monthly revenue.  These are certainly great milestones in their own right, but the business is almost surely not operating at its full potential.  Entrepreneurs often find themselves simply going through the daily motions to make the business work, but too much focus on the present and too little consideration for the future will keep almost any business owner from driving his or her business to become something special.  At NewGate Capital Partners, we offer expertise in seeing the future of your business.  Through complete analysis of your current situation followed by implementation of proven strategies, NewGate can improve the way your business operates as well as the way you look at your business.

NewGate is interested in helping you (1) formulate your growth and exit strategies, (2) attain your growth funding, and (3) implement and monitor your strategic growth plan.  In order to accomplish these goals, NewGate will conduct in depth analyses to extract crucial information that will determine how to begin to build your strategic growth plan.  A clear definition of the pain in the market as well as what your company offers as a unique solution are important results of analyses that focus on your company’s strengths, weaknesses, opportunities, and threats.  Aspects of your business that will be considered are:

  1. What stage is your business currently in? How much capital has already been invested in your company?
  2. What do your monthly sales look like?
  3. What makes your business scalable?
  4. What are your goals for your business as well as for yourself?
  5. How well does management work together? Are team member goals aligned?

Answers to these as well as other key questions will help the team at NewGate to begin developing a custom strategic growth plan for your business.  However, while we will guide you through this process, it is crucial that you as the business owner become more involved than ever to assure a successful transformation of your company.

When growing a business, it is often necessary to invest in assets such as capital equipment in order to reach a certain level of increased operation.  If you need to make a similar investment but do not have the cash needed to do so, NewGate can help you attain the funding required to take your company to the next level.  From performing routine tasks such as reforming the legal structure of your company in order to prepare it for raising a round of capital to developing complicated documents such as white papers and business plans,  NewGate’s team of seasoned entrepreneurs is dedicated to making your business attractive to investors. Once you are ready, we are able connect you to our network of angels, venture capitalists, and other investors who can provide you with the funding you need.

With the foundation strategies laid out, NewGate will be ready to help you implement and monitor your growth plan so that your business is always heading in the right direction.  Whether we are providing advisory board services or doing due diligence in preparation for a merger or acquisition, NewGate has the expertise to see your company through to the exit.  The proper exit strategy is an important facet of any company’s business plan, and such strategies differ from business to business.  The team at NewGate embodies the multi-dimensional experience necessary for positioning your company for the correct exit and/or preparing it for sale.

 

Why Hiring a Business Broker when Selling your Business is a Wise Idea

 

     

     

    Selling your business adFor starters, a broker is an independent agent whose main responsibility is to bring sellers and buyers together.  For example, if you hire a real estate broker to sell your house, the broker acts as a middleman, he doesn’t own the house, and he instead facilitates the transaction.  Just like with a house if you have a business, you as an owner can sell it yourself. However, there are many reasons why you should consider hiring a business broker:

    • Paperwork: Do you know how much paperwork you will need if you are selling? According to the Small Business Administration SBA you need to prepare a sales agreement. What else? You can invest your time doing the research on your own… OR consult a business broker. A business broker’s expertise consists of navigating through extensive paperwork and the formalities in a daily basis. Don’t forget that time is money!
    • Business Continuity: Selling a business is a full-time job as it is. The owner should maintain its focus on running the business and take it to its full potential. All of these while selling.
    • Confidentiality: If you are an owner and are selling your business how you keep the matter confidential from employees and other stakeholders. You don’t want anyone to panic. The situation can be disruptive to the normal operations of your business. If you choose a business broker, he can protect the identity of your company while on sale. They can use a blind profile, a document describing the company without revealing its identity. We are going to talk further about “Confidentiality when selling a business” in our next blog.
    • Valuation Knowledge: Brokers can help you determine the value of your business. They have access to tools such as business transactions databases. There are also other variables that affect the value of your business. A broker can guide you in the right direction in to calculate the accurate value of your business.
    • Marketing: business brokers can help you market your business. They can suggest you diverse ways to advertise and put your business out there. 

    Ultimately, the decision is yours, you should take in account the variables of time, money and resources and put on a balance and see what works better for you and your business. 

    New Gate Capital Partners is here to answer your questions, we can help you to sell your business.  Feel free to check out our business brokerage page.