x

The Self Employment Fairy Tale

I don’t know you, but one thing I know is that being self employed has been easy and highly profitable from the beginning of your self employed journey.  You have had incredible success, you were filled with passion and purpose along the way, and your staff or employees added...

How To Tell Employees You’ve Sold Your Business

Telling your employees you’ve sold your business may be one of the most difficult meetings you’ll ever have. Even if your small business doesn’t have family members working there, employees can feel like part of the family. You’ve worked closely with them, often for years. Now you have to...

Prepare Your Opportunity Plan Before Buying a Business

Time to Prepare Your Opportunity Plan? Unless you are in the market for an investment opportunity, buying a business is not about examining a set of financial statements and acquiring a long list of assets.  It is about your life. Before you start looking at specific businesses, perhaps you...

Deciding How to Move Forward Isn’t Always Easy

Have you ever sat at a crossroad, looking left, looking right?  Looking left and right and then doing it again.  Sometimes, standing at a fork in the road gets you stuck.  Which way gets you where you truly want to be?  You aren’t entirely weird if standing at a...

Why Cash Flow is King When Selling Your Business

If selling a business depended on one thing and one thing only it would be; Cash Flow. Cash Flow is the main factor in determining a business’s value in the market. The term SDE (Sellers Discretionary Earnings) is just a fancy term to describe the term Cash Flow. If...

How To Use Time Wisely When Buying a Business

Almost as many songs have been written about ‘time’ as have been written about ‘love.’ Why? Because time—either too much, or too little–can make all the difference in many things, including a love affair or a business deal. Take that business deal for example, a buyer is excited about...

4 Things You Need to Do Before Buying a Business

Identify Your Interests   If you have absolutely no idea what business you want to invest in, first eliminate businesses that are of no interest to you.   Consider Your Existing Talents Being honest with yourself about the skills and experience you will bring to any venture.  That can...

The Quantum Leap Myth…A Seller’s Dream

Have you picked up the latest power ball ticket? The estimated Jackpot is over 40 Million. Although it’s a $2 investment; you are more likely to be bitten by a shark in your car driving down the highway. But it begs the question- why are so many Quantum Leap...