Building assets in your business is good business. For example, although buying and driving behaviors for personal cars can be relatively predicted, this is not always true for company cars and their various users. Research into company car drivers found there is no such thing as the typical corporate car user. Instead, there are different […]
The manufacturing industry has experienced tremendous growth over the last few decades, with more companies adopting lean methodology and successfully competing in a global marketplace, according to the National Association of Manufacturers. Productivity also hasn’t shown any signs of slowing down. Overall, the hourly output for all workers in the manufacturing sector increased over 2.5 […]
Without exception, the sale of a business from the current owner or seller to the new owner or buyer is exceptionally difficult. In simple terms, the difficulties for each party touch the ‘head’ and the ‘heart.’ For the seller, normally their greatest challenge is their ‘heart.’ They have been thinking and talking to their loved […]
What’s the first decision for a new business owner? The answer should be simple and complete. Do absolutely nothing. Buying a business is a demanding process. It’s demanding intellectually and financially but it’s more demanding emotionally. If you’ve bought a business you’ll know the above makes perfect sense as you can remember lying awake late […]
How do you manage capital costs and selling a business? Almost without exception, a business sells for a Fair Market Value (FMV). FMV is recognized in law as meaning that a business will only sell once the buyer and seller exchange full information not only about the business and how it works, but also about […]
Donna Sauter lives and works in the Sacramento and Modesto, CA areas and likes to deal what many would consider the most boring subject of all; taxes and financial statements. As far as Donna is concerned, her job is not about taxes and financial statements but using the data and wealth of information that flows […]
General Stanley McChrystal, amongst other things, was a 34 year military veteran in the US military including the US Commander in Afghanistan up until 2010 when he resigned and was replaced by General David Petraeus. Recently he wrote and published a book called “My share of the task” and was talking with Charlie Rose on […]
Representations and Warranties are standard clauses in any purchase agreement for a business or practice. It’s not something the buyer and the seller tend to spend too much time on; until something goes wrong. Once it goes wrong, the conversation quickly turns to hiring an attorney and taking legal action. Perhaps a little knowledge may […]
Asset Preservation by Deferring Capital Gains Tax Asset preservation by deferring capital gains tax is what Bill Angove is all about. Bill was my guest on Money 2.0 to talk about the work he does at Asset Preservation, Inc. where Bill is the Vice President. Asset Preservation specializes in helping clients defer capital gains tax […]
The Uncertainty Principle, according to Wikipedia, is a variety of mathematical inequalities used in Quantum mechanics. As I have almost no understanding of Quantum mechanics I am unable to use it effectively except I heard it paraphrased the other day with an explanation that “the more precisely you study and learn something, the less you […]
Importance of a financial plan for a business owner. Most business owners spend a disproportional amount of time running their business to make sure it’s successful. Similarly, most business buyers, especially those buying a business in their late 30’s and 40’s are doing so because they believe they can earn more as a business owner than as an employee and therefore set themselves up for when they plan to retire.