The Elephant (Landlord) in the Room
Selling your business? Don’t forget about the landlord…
Shares vs. Assets? What’s the Difference?
Selling or buying a business? One topic that is sure to come up (hopefully sooner, rather than later), is the type of sale. Is your deal a share sale, or an asset sale?
Selling in a Down Economy
Is now an ideal time to sell your business? Maybe not. Buyers are nervous. Financing is hard to find. And valuations are likely to experience downward pressure…
Give It to the Kids…
Succession planning is one of the most important things a business owner is required to do. No one wants to see the business that they have worked so hard on building over the years (or decades) bite the dust.
Valuing a Business
If you had stocks or mutual funds, you would likely receive a statement of your portfolio’s value once a month. If you are really loaded, once a week, and if you are stinkin’ rich (cash, not spiritually), well, your broker would be calling you every day…
Don’t Wait Too Long…
This generation will pass on the greatest wealth ever seen to the next generation - unless they screw it up. The baby boomers are in the process, and will be in that process, for may years to come.
Making Sure Your Business ACTUALLY Sells
If you look at any industry statistics, you will see that many businesses never sell (sometimes as high as 80%). Unfortunately, some businesses aren’t sellable, especially if they have negative cash flow. However, in most cases, this is simply the result of very common and avoidable mistakes…
Maybe I Do Need a Broker…
Why do I need a broker? I know my business better than anybody else!
What to Look for When Buying a Business
Buying a business can be a daunting prospect. You become responsible for your own successes and failures and ultimately the buck stops at you. There are no guarantees that you will succeed or be happy…
Essential Tools for Small Business
Doing more with less. That’s what small business is all about. Luckily, there are plenty of online tools that can significantly increase your productivity for reasonable, cash-flow friendly fees…
Getting Your First Business Loan
I was reading an article about getting a business loan, and it reminded me of my first time asking for financing. I remember meeting with my Account Manager…
Why You Should Buy an Existing Business
As an entrepreneur, I love startups. There’s something sexy and energizing about a completely new business that fights its way to success from the ground up. Unfortunately, this image is not always realistic, nor is it often practical…
Buying a Franchise: A Beginner’s Guide
I bought a franchise recently, and I’ve been asked a lot of questions. Are they more likely to survive? Will I make more money?