Language – if we listen carefully –reveals a lot about the changes happening in society, and business is, of course, an important part of our society. That’s why I was fascinated by a short exchange between an interviewer and the CEO of a company that curates clothing and sells it on a subscription basis over […]
“Two weeks ago I signed a contract to buy a business. I didn’t use a lawyer because the contract seemed fair and I felt I understood what it said. I put up a $25,000 deposit to buy this business, and the closing is in two weeks. The seller’s attorney has been calling me every day […]
“I am looking to buy a local business. The owner and I have agreed on a purchase price, subject to my reviewing his books and records. I was expecting the owner to send me a sales contract for the business, but he sent me something called a ‘letter of intent’ instead. I read over the […]
“I run a small service business that’s been around for 30 years. As I get older I’m getting tired of running this business alone. I want to hire and train a general manager to run the business day to day, with the understanding that when it comes time to retire I will pass ownership of […]