Where to Sell Your Business in 2017?

It’s highly unlikely that anyone looking to sell their business online through a business buy and sell platform would have done that already. Chances are for a lot of sellers that might be their first experience ever putting up their business for sale online. If you are one of those who is looking for a reliable and easy to use business buy and sell website then you have landed at the right post.

Here we have put together our top 3 business buy and sell websites for 2017 that are trustworthy, charge little to no money and offer the sellers complete support throughout the process of selling the business.

Tobuz

Developed and launched in UAE, Tobuz has been catering to the needs of business buyers and sellers from all over world ever since it came into existence. It is your virtual business buy and sell portal that not only works in the favour of sellers and buyers but also provides opportunities to business brokers. Whether you are a seller or a buyer and wish to avail professional third party services, you can always do so at Tobuz and make your business transaction smoother. Although a global online platform, Tobuz is currently focussing on markets like Asia - Pacific, Middle East, ANZ Markets, Singapore.

ExitAdviser

ExitAdviser takes pride in being an efficient FSBO (For Sale by Owner) service that caters to the business selling needs of small businesses. If you are a small business owner who is having a hard time finding the rate online platform to sell your business then this is the right place. ExitAdviser lets you prepare and execute business sale confidentially and effortlessly by leading you through a series of steps ensuring the process is a breeze.

BizBuySell

If there is a business buy and sell website that we could say about started the trend of businesses being bought and sold online then we have to mention bizbuysell. It is one of the first online business sale websites that started working in 1996 and until now has catered to thousands of customers all over the world. Since the portal is one of the pioneers, the service it offers comes with a price tag. Three competitive pricing options are available all requiring a three month minimum commitment.

We hope this article helps you finding your perfect online business selling portal.

How to Sell Business in Profit

A lot of entrepreneurs sadly shut down their businesses with no buyers in sight only because they fail to put a decent attractive deal in front of the potential buyers. Even if they do, the deal doesn’t really meet the business’s worth forcing the entrepreneurs to sell it for less than the justified price. Here are some ways you can increase your business’s value and sell it for maximum profit!

1. Put A Price

You need to set a realistic price of your business before you even decide to sell it. Identify which assets you’d want to include in the sale and which ones will be liability to higher profits. List your risks and you will have a better idea of your business worth.

2. Eliminate Worthless Inventory

Outdated items in the stock? That will never help you gain a higher profit while putting up your business for sale. No one wants to buy a business with outdated stock. Get rid of everything in the inventory that’s outdated. That will add some number to the losses but it’s for the greater good.

3. Straighten Your Legal Documents and Financial Records

You cannot fool a buyer when it comes to legal documents. They need facts and will be asking a lot of financial and legal questions. Be prepared to answer them all. And to be able to do that you will need to set your business records straight. Have a bookkeeper and a legal advisor do the legal work for you. This includes balance sheets, assets and liabilities and the taxation position.

4) Prepare Your Team

Have someone in your business ready who can personally answer any question related to the business, someone who will help with the transition if you will not be handling it yourself.

Take these steps for a successful and a profitable sale later and hopefully you will not end up being one of those unlucky businesses who never make a great selling deal.

10 Top Tips For Doing Business in Abu Dhabi

UAE is home and a work place for more expats than locals. For anyone looking forward to moving out of their country and setting a business abroad, UAE is almost always the choice. And there are solid reasons behind the decision. Their economy is one of the fastest growing in the region and their business laws and regulations are not as strict as it might be in Europe or America. Another important thing to note is the vast cultural diversity in UAE which allows you and your business to connect with people of multiple ethnicities and backgrounds and giving you a better chance of building professional relationships and expanding.

However, while we are at it, it’s always good to have some prior knowledge of the country, their culture, norms and traditions before pursuing business. So, here we are with some of our best top tips for anyone who wishes to pursue business in Abu Dhabi or anywhere in the UAE for that matter.

1. UAE government obviously works differently than most expats are used to in their respective countries. While you may be able to start a company within days in your own country, it does not happen like that in Abu Dhabi. The process is long and complex and you need to seek professional and legal advice to guide you through the various steps of the setup.

2. Get registered with your embassy in UAE and learn about tourist and work visa regulations. If you are working under someone then they will get the work visa for you on your behalf.

3. One thing that might put off expats about doing business in UAE is that you need to have one or multiple partners, expats are not allowed to own a property or company solely on their own.

4. If you wish to buy an already established business in Abu Dhabi, there are a lot of websites that offer their buy and sell businesses in UAE services. Check them out and you may find one that suits your needs and taste.

5. It’s imperative you learn a little bit about the culture of the country you plan to work in as you will be there for quite a while. Same goes for UAE. Arabs have a diverse, centuries’ old culture and while they are open and tolerant, the mindset is still a little more conservative than you might be used to.

6. Be friendly with your customers, dealers and business partners, dress modestly, avoid certain topics, do not express judgements based on your own opinions and culture, and be considerate and tolerant towards everyone.

7. Be clear in your communication. Bear in mind, the national language in UAE is Arabic and not English and they prefer it that way. Avoid using complex words and statements, be clear and precise in your conversations and if you want to make an amazing impression on your business partners, try and learn a few important Arabic words, it’s not that hard anyway.

8. The main factor for professional success in Abu Dhabi is relationship building. Instead of sitting inside your office and doing everything online, go out and make friends with people.

9. As conservative as you might think the environment is in Abu Dhabi, you will be surprised to know that women are quite independent and allowed to run their own businesses. Dealing with opposite sex is normal but has to be within limits. Arabs value and recognize professionalism and respect women a lot.

10. Lastly, be open about your problems with them. They are a complex nation living in a complex environment but they are extremely friendly and the land is filled with opportunities for anyone and everyone.