We talked about how to go about selling your business in our last article but, at the end of the day, the bottom-line is PRICE. As you sell your business, it goes without saying that you want to sell it…
Blog Archives
Understanding the Sell Part 1: How to Go about Selling your Company
There comes a time when you just aren’t feeling the same amount of satisfaction or putting in enough focus as you used to on the business you have. As an entrepreneur, this should be your sign that it’s time to…
Management as an Entrepreneur Part 3: Workplace Management Styles
In part two of our Management as an Entrepreneur series, we saw the importance of proper Financial Management. For today’s article, we take a look at something that goes beyond the internal books — managing your workplace and your people.…
Management as an Entrepreneur Part 2: Financial Management
Our next article on management as an entrepreneur is a bit trickier than the last one on Time Management. Money matters tend to be very tough to manage if you’re not used to it and it comes with A LOT…
SOLD! – Lucrative Distribution Business – $1.7m
Distributor of shoe repair materials and shoe care products, including all accessories for shoes and leather products. The business is well established, regular clients call in for their weekly requirements, whereas the reps call on customers telephonically and when needed…
Management as an Entrepreneur Part 1: Time Management
Entrepreneurs have to do immense amounts of management. While the most obvious would be the management of the business, there are other important things that entrepreneurs usually overlook and fail to manage properly. Part 1 of our series on Management…
Mastering the Approach to Buying a Business Part 3: The Powerful Negotiation
Previously, we explained that it’s important to understand why a business is being sold and the importance of completing your due diligence. Once you’re done with those, it’s time to negotiate a deal. Get the best price This is it! You’ve looked…
Mastering the Approach to Buying a Business Part 2: Doing your Due Diligence
In the previous article in this series, we explained that it’s important to understand why a business is being sold. In this article we explain how to do your homework. Do your homework This step is needed because you need…
Mastering the Approach to Buying a Business Part 1: Uncover the Reason for the Sale
For the entrepreneurs among us who plan on buying one or more businesses, you’ll know that there are opportunities to purchase all around you. You can be told by a friend, find out from a broker, or even hear about…
Succeeding with a Start-up Part 3: Learn to Deal with People
In Part 1 of the succeeding with a Start-up series we focused on your story. In Part 2 we discuss your financial capacity. In our final section in this series we focus on learning to deal with people. Relationships Almost every…
Succeeding with a Start-up Part 2: Knowing your Financial Capacity
In Part 1 of the succeeding with a Start-up series we focused on your story. In Part 2 we discuss your financial capacity. What is your financial capacity? One of the pitfalls of start-ups is that they start putting their…
Succeeding with a Start-up Part 1: Telling the Story
A new business owner’s life is filled with trials. It is one thing to start a business from scratch or to buy a business. It’s a completely different deal when you’re talking about how to get a business to fly.…
Selling your business – Hire a business broker
Selling a business requires a lot of work, including things like financial analysis, market research and more… Of course you have to start your exit strategy early and clearly understand your motivation. Hopefully you have your books in order, you have built a mini…
Selling your business – Continue to Add Value
Selling a business requires a lot of work, including things like financial analysis, market research and more… Of course you have to start your exit strategy early and clearly understand your motivation. Hopefully you have your books in order, you have built a mini…
Buying a business – the final contract
We recently posted the 8 questions to ask when buying a business, now we highlight each question in a little more detail. What does the final contract look like? Once you and the seller have agreed on the terms, the details…
