There is some good news coming out of the COVID pandemic for those who run or want to sell a business in the California construction industry. The construction industry is strong right now, which makes owning a business in many areas of the construction industry desirable and also makes these businesses attractive to buyers. But […]
The IT industry has been booming for quite some time. From robots that flip burgers and giant ones that kneel, stand, and walk to your local data center, the future of 5G, and the “work from anywhere” revolution, internet technology, the internet of things, and big data all offer huge opportunities. One of the places that […]
Ed Goldman is the author of THE GOLDMAN STATE and writes a thrice-weekly online column. When he was younger and more foolish, Ed was a daily columnist for the Sacramento Business Journal, as well as a monthly columnist both for Sacramento Magazine and Comstock’s Business Magazine. Ed is also the author of five books including […]
This is a question people will often ask as a business broker. After all, if you already have a Certified Business Broker and an accountant, do you really need an attorney, too? I mean, aren’t all the contracts pretty standard. Besides, don’t attorney’s just cost extra, and can they mess up a deal? After all, […]
COVID-19 has hit the global economy hard and hurting many business owners. For those of us in California, the economy has also been hit hard. In addition, we continuously hear negative news about the California economy regardless of the media we watch or listen or read. March 16, 2020, was the date the six counties in […]
One of the trickiest parts of selling a construction business in California is finding a qualified buyer. So what do you look for, and if you are a buyer, what targets do you shoot for? Well, there are a couple of primary qualifications to buy a construction business, and they often seem like one of […]
As long as there are people still moving to California, buying houses, remodeling older ones, building new ones, and as long as there are companies in need of a physical presence, there will be a need for construction companies in California. Despite the doomsayers who say everyone is leaving California for other states, there are […]
We often say that selling your business will take a team of experts. The business broker is like the quarterback of that team. He or she will make sure that everyone is talking to everyone else, and that all documents that need to be made available are handled securely and confidentially. There are also a […]
Richard Mowery has written an excellent book, titled Bounce Back: Survive and Thrive in a Business Crisis. He’s also developed a workbook that goes with it, and the timing could not be better. The business broker and entrepreneur shares a lot of hard-earned truths, and the timing could not be better during a global pandemic. […]
The California economy, like the US economy and the rest of the world is still reacting to COVID-19 and its effects. Adding to the mix, in California we are experiencing a very hot and dry summer with over 350 wildfires raging throughout the state. Also adding to the mix is AB5 or the new independent […]
Selling a business during a global pandemic is different. What isn’t? Often we see this presented through a case study from the viewpoint of the seller or even the business broker, including those in our own case studies that can be found here. However, it is less frequent for us to hear about selling a […]
Unfortunately, a common occurrence in the construction industry and other contractor industries is litigation or a claim. A construction claim is usually a demand made by the contractor to the owner for money to cover the additional cost of construction work performed on a project beyond the original terms of the contract. Simplified, a construction […]