One of my favorite films of all time is Willie Wonka and the Chocolate Factory….the good one…not the Johnny Depp version. The last scene is one I think prudent for entrepreneurs. In it Wonka designates Charlie to take over the factory as Wonka knows he will not run it forever and wishes to continue it […]
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Business is Chess…..Strategy and Observations
A couple of days ago i was having a party celebrating my wife’s graduation and one of my guests was my financial planner. The usual chit chat occurred and I shared my views on my market place and the baby boomer dynamic. He smiled a bit and said “on that topic we do need to […]
10 Questions You Must Ask Before Buying a Business
10 Questions You Must Ask Before Buying a Business 10 Questions You Must Ask Before Buying a Business 1. What are your biggest challenges right now? You want be aware of potential minefields. For example, if you’re buying a company that will need $1 million in capital improvements, you need to learn that upfront while […]
Advisors…..how they can kill a deal
One of the most misunderstood variables in business sales is buyer and seller control of Advisors and just as important the selection of the advisor. In Main Street Transactions we always recommend you get CPA, Business Brokers, and Attorneys involved. But what must be understood is that YOU…..THE BUYER OR THE SELLER….are in charge of […]
Baby Boomer Exit Part 2
Yes there is an exodus of boomers…yes it will occur at some point in the next 2 years. At a local level it is validated by internal data where brokers (both Transworld and Competitors) are speaking with sellers in the baby boomer bracket. But, and yes there is a but….they are not the substantial sellers […]