San Francisco, CA (PRESS RELEASE – April 14, 2009) – BizBuySell.com, the Internet’s largest marketplace for buying or selling a small business, announced today that it has launched a new Small Business Community to provide networking and answer questions from small business owners and those considering the purchase of a small business.
The forum also allows individuals to find business brokers and service professionals in their area, ask a question to get advice from different experts, answer a question to share their knowledge, and discover what others are discussing with regard to buying, selling or valuing a small business.
“The goal of the new BizBuySell.com Community is simply to connect people who are involved or interested in buying or selling a small business,” says Mike Handelsman, General Manager of BizBuySell.com. “It will serve to enhance the BizBuySell.com site in a way that makes it more interactive, and individuals with general questions not related to a specific search to buy or sell their business can get some answers. As unemployment continues to increase in the U.S., the number of aspiring small business owners will continue to grow. We believe this Community will enhance our mission of bringing together business buyers, sellers and intermediaries. We’re excited to be launching this feature, and think users will find it very beneficial.”
To get started, participants simply ask the BizBuySell Small Business Community a question, and business brokers, small business experts, and fellow small business owners can offer their advice. BizBuySell has the largest audience of full-time business brokers available anywhere, with nearly 6,000 professional intermediaries using the service.
“BizBuySell itself is a huge asset for buyers, sellers and business brokers,” says Andrew Cagnetta, CEO of Transworld Business Brokers, the largest independently owned business brokerage firm in the U.S. “Being able to compare businesses online has changed our industry forever. With the BizBuySell Small Business Community, it will help buyers educate themselves to the business buying process. It could help sellers understand a host of issues concerning the sale of the business.”
Professionally, Cagnetta says the Community is great for his clients to verify the advice from him and his team of nearly 100 brokers. “It gives us a forum to disagree or support our opinions,” he says. “I hope the Community would boost my presence on the net as well as be a vehicle to give back to my industry.”
One buyer already involved in the Community asked, “How do I ensure that I can keep employees when buying an existing business?” Ken Oppeltz, from VR Business Brokers, responded with his insight, stating, “What most buyers fail to consider is that the employees typically need their jobs and if they knew it was for sale, would be just as nervous that you will terminate them after the purchase. It has been my experience in over 600 transactions that employees seldom quit after a sale. That is unless your management style is completely different than the seller’s.”
Community members can post in a variety of categories, including: buying a business; selling a business; new business advice; franchises; financing and accounting; small business advertising and marketing; legal and insurance, as well as information for those seeking input on how to use BizBuySell.com most effectively, and identifying local service professionals in their area.
It’s a fast and free process to join and participate in the Community. Visit: http://www.bizbuysell.com/small-business-community/
BizBuySell is the Internet’s largest and most heavily trafficked business for sale marketplace, with more business for sale listings, more unique users, and more search activity than any other service. BizBuySell currently has an inventory of over 50,000 businesses for sale, and more than 750,000 monthly visits. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry’s leading franchise directories.
BizBuySell was founded in 1996 and acquired in 2004 by LoopNet, Inc. LoopNet operates the leading online marketplace for commercial real estate, with more than $515 billion of property listed for sale and 5.2 billion square feet of space for lease. With 890,000 monthly unique visitors according to comScore Media Metrix, LoopNet generates 5.5 times the traffic of any other commercial real estate listing web site. For more information, visit www.bizbuysell.com.