Buying a Franchise or Business

June 15, 2017

As a would be entrepreneur you are looking for the perfect business opportunity.  After several discussions with your accountant, banker, lawyer and relatives, you have developed a list of acquisition criteria:  low risk, high return, short hours, great location, good growth potential, and

May 25, 2017

If you’re the potential buyer of a business, learning how to value a business for sale is extremely important. The fair selling price for a business is the amount the seller is willing to take and the buyer is willing to pay.  When buying a piece of real estate, comparisons are made of si

May 11, 2017

We are all created with our individual DNA and each has our own characteristics and personalities.  As we grow and are influenced by others, we develop into adults who see the world and opportunities.  Although our beliefs are sometimes changed throughout this process, we continue to have

April 27, 2017

When you are looking for that perfect business for you to purchase and find several that seem interesting to you, what do you look for to determine which would be the best business?  Here are five key metrics that may help you compare and decide which business to buy. 1. Product or Process &nda

April 20, 2017

Step 1 – Decide why you want to sell. Have you had a bad day?  Are sales and profits declining?  Are sales and profits increasing?  Are you tired and think you need a change?  Are you having health issues?  Do you want to retire?  Do you think more lately about s

April 13, 2017

Before you open your business – or perhaps before you do anything new – it's normal to have doubts. That's part of human nature, allowing our fears to take root and form scenarios (no matter how ridiculous) within our heads. In fact, it's almost concerning if you don't have negative idea

March 30, 2017

When you buy a business, you look for one that is respected in the community and has good moral values and ethics.  You also want one that has a good history and is making a good profit if it is a for profit business.  Do you want people to look at your business and think it is an ethical

March 23, 2017

Because all business owners will experience stress through a combination of things that happen at home and at work, coping with stress is a skill that must be developed.  It is important to remember that there is good stress, which is positive, and negative stress, which usually comes from reac

March 9, 2017

Retirement for small business owners can be quite different than retirement from the corporate world.  In either situation, however, it can be a gradual process or an abrupt event and is not necessarily a total severance from work and career activities.  It should be thought of as a proces

March 2, 2017

If you are buying a business where employees are members of an organized union, you will want to learn all you can about the union and the advantages and disadvantages.  The seller should have all of the information, allowing you to walk into the business understanding the union and why the emp