Here is a list of five little details to get right before you put your business on the market: 1. Find your lease. If you rent space, you will be required to notify your landlord in order to sell your company, and assign your lease obligations to the buyer. Read through the fine print and […]
Have you fallen into The Mile Wide Trap? If your company’s revenue has stalled after a period of rapid growth, you may have fallen into The Mile Wide Trap. Consider the case of Kim (not her real name) who runs a public relations firm. Kim studied marketing at school and went on to work for […]
Statistics show that companies that perform well without their owners are 50 percent more likely to get an offer to be acquired, when compared to more owner-dependent businesses. There is no better justification for taking a blissful, uninterrupted holiday than to see how your company performs in your absence. The better your company runs on […]
Consumer Reports has awarded The Habit Burger Chain as the Best Tasting Burger in America, beating out competitors like In-N-Out Burger and Five Guys. Habit Burger was established in 1969 in Santa Barbara. After becoming well known for its signature Charburger, it began to expand in California. When private equity firm KarpReilly invested in the […]
George Runner: End to Security Deposit Requirement a Welcome Gift for California Businesses It’s no secret that starting a new business in California is tough. With our high tax rates and hostile regulations, we are consistently ranked one of the worst states in which to do business and create jobs. For years, the California State […]
Whether you’re planning to sell your company sometime soon or sometime in the future; now is the time to ensure that your business isn’t all about you. From the latest research involving 2300 companies from around the globe, here are two key factors that are linked to the probability of getting an offer for your […]
You may be eager to sell your business, and happy to have a potential buyer at your doorstep, but what’s it like when an acquirer starts looking inside every inch of your business? Most repeat acquirers will have a checklist of questions – both objective and subjective – that they need answered before getting serious […]
In 1974, Phillip Kunz, a sociologist at Brigham Young University, wanted to see what would happen if he sent Christmas cards to people he didn’t know. He picked up several local phone directories and chose 600 addresses at random, starting a new Christmas list of complete strangers. He included handwritten notes or a photo […]
Here’s how a friend once described me: If you tell me something is impossible, my work week increases by 20 hours and my IQ elevates 20 points. In other words, I like a good challenge. We currently live in challenging times for entrepreneurs. The economic downturn has claimed many victims. But that doesn’t mean you […]
The answer to your popular question probably depends on your situation and the kind of business you’re planning to run. Many entrepreneurs start pursuing a venture in the evenings and on weekends: Think freelance service providers and home-based crafters whose product lines catch on and develop a following large enough to justify their full-time attention. […]