Ten Commandments to Avoid Wrecking the Deal! 1. Place A Reasonable Price On Your Business An inflated figure either turns off or slows down potential buyers, rely on your business intermediary to arrive at the best “win-win” price. An “unrealistic price” discourages many buyers from even looking at a business. 2. Carry On “Business As […]
Franchises
Sellers don’t really care about the money….really it’s about the QUAN
When you have conversations with entrepreneurs you find out we talk about a wide range of subjects: success, freedom, fulfillment, leadership, family. You see we take the risk of entrepreneurship for intangible reasons as much as for the economic benefits self employment. What makes this important for buyers to understand (who primarily are not entrepreneurs […]
Business Wisdom From Hannibal the Cannibal
Business tips from a serial killer….are you kidding?? Well it actually is classic greek philosophy from Marcus Aurelius….first principals. Sometimes in business we overthink and forget to ask the basic questions…Hannibal poses the question to a young FBI agent during an interview about a suspect…what is its nature? Well when considering a business model […]
Buying a Business…some due diligence reflections
The key to buying a business from a macro standpoint is education. The challenge is to realize that no matter your experience and your academic credentials this process is one that require wisdom and experience in the process of buying and selling. Unfortunately most buyers and seller will only go through this process a couple […]
Out Wit, Out Play, Out Last….Your Career is Like a game of Survivor
Its only Tuesday and this week alone I have met three middle aged professionals downsized from their company positions. All bright, experienced, and vibrant. All caught by surprise by the lack f loyalty of their former employer. Long gone are the days of our fathers and grand fathers who worked for the same company for […]