I deeply believe that one of the greatest gifts is the opportunity to build on an existing success. Investing in a business is securing a foundation to grow, improve, and reap benefits of what you bring to the business to make it better. Compared to starting a business from scratch, an existing business takes the biggest hurdle away -- surviving the first 3 uncertain years.
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Whether you are working in Financial Service, Retail, Manufacturing, Construction or niche markets, the domain knowledge you have by working in it is of premium value.
Read MoreAre you experiencing "FOUR-CAR GARAGE SYNDROME?" The solution to complexity isn't a dolled-up matrix, or systematic process. Simplicity just wants you to ask every day, every decision: "What is my primary value?
Read MoreIt might seem outlandish to buy a business in a pandemic, but there are some strategies to deploy in times like this that can work for both parties. How can we mitigate uncertainty?
Let's take a page from landlords…
Read MoreBuyers have many questions about the business they plan to purchase, so it's natural to come up with a laundry list of items that need clarification.
Here is a 3-step process…
Read MoreI sometimes am asked if it's better to sell a small business as an equity sale vs. asset sale. My personal opinion is that for small businesses, the asset sale is preferred. If you are LLC then you do not have the option, so you needn't read further.
Read MoreDon't think of a business acquisition as a one-day purchase, but as a slow transition over the course of years to ownership that not only allows you to learn the craft and the business from the owner.
Read MoreAn offer for less than the asking price is OK. You won't know unless you try. Offers with contingencies are a way to give yourself the time you need to conduct your due diligence and call "dibs" on the business before another buyer can swoop in.
Read MoreApprenticeships (mentoring) is long-term relationships between two people where the intention is to pass along years of learning to another. Where has the lost art gone?
Read MoreEvolving Flex-Work Policies are driving the era of co-working and co-living space where the brightest of employees are hoping to balance their work and life and giving their employee their very best thinking.
Read MoreWhen you evaluate a business to buy, you don't have to know everything about it at once. Look at the big rocks first.
Read MoreExplore the boundaries of a Common Investor. If you’re willing to innovate, I’m willing to help you. I’m an entrepreneur. Entrepreneurs take risks, innovate, and reap the rewards. Join me, will you?
Read MoreWork out a simple solution for your business to transfer to one or more of your key employees.
Read MoreThis is an interview with Key Bank's Carrie Callaway-Cardy, Vice President, Senior SBA Relationship Manager. I wanted to highlight some of the key principles around SBA lending that are covered in most of my clients' discussions with Carrie.
Read MoreI've heard from multiple sources that my generation is not only the smallest, but is really just a spec on the spectrum between Baby Boomers and Millennials. We're along for the ride of our pred/successors who paved the way and vote the majority.
Read MoreWhat might have been if innovators had forged ahead until they learned that a bad outcome wasn't just coincidence or correlation? Analyze why someone gave up on what seemed like a great idea and you may find many innovations there.
Read MoreThere are so many ways to fund a business, you just need to lean on the existing business profit and your own ability to improve, streamline, and grow to really make the business work hard for you and your family.
Read MoreBe first to know. If you want me "on alert" for you, send me the opportunity you are looking for. You can list it by industry, characteristics, size, employees, location, or lifestyle.
Read MoreRecently, I've been working with several savvy entrepreneurs who have formed at a consortium of investors and instead of picking startups and stocks, they're looking at buying existing, profitable businesses where the owner is looking to retire.
Read MoreBeware Lawyers, Pharmacists, IT Experts, and Data Jockeys. If economics proves as certain as gravity, supply and demand will prevail and graduates in excess will be lower paid than the scarce tradesmen and women who understand the technical aspects of creating and maintaining our infrastructure.
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