Check Out Questions Business Owners Ask Me and the Answers I Give Them

Great article by Loren Marx Schmerler put out by the Business Brokerage Press...

Posted @ 6/28/2012 9:13 am

Throughout my years of successfully assisting business owners in selling their companies, I've been asked the same questions by many potential sellers. In this article I have compiled a list of common question about selling a business along with my answers that you may find helpful.

1. How much is my business worth?
2. How long will it take to sell my business?
3. Is there anything I can do to make my business more desirable?
4. Is there anything I should not do during the listing period?
5. What is due diligence?
6. What else do you suggest I do to impress a Buyer?
7. What happens if I agree to do some owner financing and the Buyer misses a payment?

To read the answers Mr. Schmerler gives to the above excellent questions... click here.

Check out Blue Maumau's 2012's Best 10 Franchises to Buy...

2012's Best 10 Franchises to Buy, Least Loan Defaults

By BMM, www.bluemaumau.org
Sat 2012/06/16

Knowing a franchise's bottom line and the ability to get a return on investment is the holy grail for a franchise investor. That's no easy feat. What Blue MauMay has been able to do is to find chains that franchisees are healthy enough with their earnings to at least pay back their loans more than other brands. So here are the ten best franchise brands in which franchisees have enough staying-power to pay back their lender.

To read the full article and see the top 10 best, and a link to the default rates of various franchises, click here.

Check out this WSJ article: Migrants Keep Small-Business Faith

WSJ.com
SMALL BUSINESS
Updated June 13, 2012

Newcomers to U.S. Are Increasingly Opening Firms Beyond Major Cities, Energizing Local Economies

By Miriam Jordan

Immigrants are more inclined to own small businesses than native-born Americans and are increasingly opening shop in areas beyond the major cities in which they have traditionally settled, a trend that is energizing local economies and reshaping communities.

Immigrants accounted for 18% of the country's $4.9 million small-business owners in 2010, a six-percent increase from two decades earlier, according to analysis of census data by the nonpartisan Fiscal Policy Institute. Immigrants, who represent 13% of the population, accounted for a third of the increase in the number of small-business owners between 1990 and 2010.

Check out "Top 10 Reasons Small Businesses Fail" from the New York Times

Top 10 Reasons Small Businesses Fail
By Jay Goltz
New York Times, You're The Boss
January 5, 2011

One of the least understood aspects of entrepreneurship is why small businesse fail, and there's a simple reason for the confusion" Most of hte evidence comes form the entrepreneur themselves.

I have had a close-up view of numerous business failures - including a few start-ups of my own. And from my observation, the reasons for failure cited by owners are frequently off point, which kind of makes sense when you think about it. If the owners really knew what they were doing wrong, they might have been able to fix the problem. Often, it's simply a matter of denial or of not knowing what you don't know.

To read the full article and see the top 10 reasons, which might surprise you... click here.

Check out Best Practices: Six Steps to Effective Facebook Posts from Nightclub & Bar

Business Sherpa: "Hey check this out bar owners - this is a great article on using Facebook to increase traffic and revenue to your bar!"

VIBE Newsletter
www.nightclub.com
October 17, 2011
By: Dave Dronkers

According to Facebook, more than 1 billion pieces of content are shared on the social networking sites each day! This presents a huge challenge in trying to get Facebook visitors to engage with your brand and your beverage program.

How have some restaurant companies figured out how to move from "broadcast" mode into "engagement"? How have they engaged people so well that their fans invite others along for the viral ride? You and your team may or may not be directly involved in social media marketing, however, it's important to understand how to execute it properly so it reaps the greatest rewards - traffic and sales - for your drink program.

To learn more, read the entire article... click here.

Check out my latest Listing Spotlight...

Are you looking to buy a business... check out Larry's Listing Spotlight...
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