By Cliff Ennico “I am in the process of buying a small business. “There are some issues with this business, and I asked the seller if we could hold back ten percent (10 percent) of the purchase price for a year to see how things went. “The seller said he was agreeable, but in reviewing […]
Money Lessons for Business Owners from Business Strategist Justin Krane Are you a small business owner, with your entire nest egg tied up in your business? Are you living with the hope that you can sell your business when you retire and use the money to fund your ‘golden years’? Have you considered that if […]
By Clinton Lee Small business owners are usually the hardest working people around. However, many small business owners let a six-figure sum slip through their fingers without even realizing it. Because the item doesn’t feature in the business’ monthly sales totals, nor the annual end of year accounting, it gets ignored and the business owner loses […]
There are four words that I’m always listening and looking for in the news. And when I hear or read those four words, I go into “pay-close-attention” mode. Those four words are: “…more businesses plan to…” These words are important because they mean that some survey firm has talked to business owners about their actual […]
We’ve touched on the subject of exit strategies here before and one of the most important points in that discussion is that you should have the end in sight even when you’re first starting a small business or buying an existing business. The ultimate buyer of your business when you’re ready to move one will […]