Archive for July 2015

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 crossroad makes you question where you…

Read More

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 you want to sell your business,…

Read More

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 buying the business his broker has…

Read More

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 help you eliminate unrealistic businesses for…

Read More

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 believers buying these tickets to create…

Read More

What the Ideal Buyer Expects From the Seller

Step into your potential buyer’s shoes for a moment. Buyers expect the same things YOU would expect if you were them. They expect: Reasonable price and terms.  When a business is for sale, a reasonable price at fair market value is determined by other businesses in a similar industry to the one available for sale.…

Read More

The (Obvious) Advantages of Buying an Established Business

* You don’t waste time scouting for a location. It’s already there. * You know what products the business is selling or service the business is offering. * An established customer base lets you start without pounding the pavement, looking for buyers. * An existing cash flow means you start with a realistic expectation of…

Read More

Are You Making Smart Choices When Reducing Taxes?

Unreported cash can be a problem for a business, though these 318,462 reasons make it easy to understand why anyone would want to reduce their tax bill.  But before hiding cash, under reporting revenue or beefing up expenses, there could be unexpected consequences every business owner should consider. Operating Capital If the owner needs a…

Read More

Small Towns Can Mean Big Business for Entrepreneurs

Main Street is not usually the first place that comes to mind when discussing entrepreneurship.  Though many major companies are headquartered in urban hubs such as San Francisco, New York, Boston and Chicago, believe it or not, Inc Magazine says that 63 percent of small business owners say smaller cities are better for small business.…

Read More