
Always run your business as if it is for sale
Always run your business as if it is for sale in case you hear the magic words “I would like to buy your business; are you interested in selling?”
Always run your business as if it is for sale in case you hear the magic words “I would like to buy your business; are you interested in selling?”
Can I negotiate a lease with the landlord when selling a business may seem an unusual question but it’s worth getting the right answer. And the right answer is – absolutely.
The Small Business Administration (or SBA) has been the provider of many loans for small businesses for many years. If you plan to apply for a loan, here are 10 more reasons for your SBA loan may be declined.
Selling a business is not just about the price. This may seem an unusual heading to an article but it now keeps happening too many times and I feel compelled to write about it.
Everyone is familiar with the Christmas song, the 12 days of Christmas. Without going into every verse of the song, the carol works forward with the first day of Christmas being a partridge in a pear tree, the second day of Christmas two turtle doves and so on.
One of the hardest aspects of being an entrepreneur is staying on top of some things you may not like to do because you either don’t enjoy them or simply aren’t good at them…or both.
For all buyers and sellers of businesses, it is important to understand what and how intellectual property can affect you. Understanding the different kinds of intellectual properties is important in figuring out the right kind of legal protection one must have to protect assets and ensure the business is worth the right amount.
Not everyone will agree but I am sure it’s close to the truth that buying or selling a business is unlike anything else. Here are four reasons.
A Covenant Not To Compete is useful when a seller has found a buyer for their current business. This ensures that the new buyer does not open the same type of business as the seller for risk that existing customers will want to do business with the seller and not the new buyer. There are many factors involved to evaluate a Covenant Not To Compete and they are outlined in this article.
For many small business owners, the single most important document for their business is the lease. Unfortunately a lease is generally a long and fairly complicated document. Because of its complexity, many small business owners either accept what they receive or do the bare minimum. Here are some suggestions for you, in no particular order.
If you own a business and receive an unsolicited offer to buy your business please be careful. If your business is currently for sale be even more cautious.
If you own a business and have a partner and have not put a legally binding Buy-Sell Agreement together it is probably the most important document you need to accomplish as soon as you can. Hopefully you never need to put your Buy-Sell Agreement in motion but if you do, you want to execute what’s important to you and your partner so it saves time, money and provides the peace of mind it is supposed to provide.