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Buying a Business in a Recession

Posted by Richard Ludlow on Mon, May 23, 2011 @04:52 PM


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Topics: Selling your business, business valuations, business brokers

Buying a business? - 25 Questions to ask yourself -

Posted by Richard Ludlow on Tue, Jan 25, 2011 @11:16 AM
 According to Fortune Magazine, nearly 80% of the 400 richest Americans have earned their wealth through business ownership. This may help to explain the tremendous interest in entrepreneurial pursuits today. Another explanation may lie in the way corporate America works. When corporate America downsizes, a key strategy involves the discharge of middle-aged managers at the peak of their earning power. These high-priced executives are generally replaced by younger counterparts hungry for promotions. They are willing to work long hours for less money in order to achieve that goal.


In any event, more and more people are looking to themselves for the answer to future employment. As a result, business sales are increasing nationwide. There is an emergence of a new breed of entrepreneur -- the "modified risk taker." The dictionary defines "Entrepreneur" as, "a person who organizes, operates and assumes the risk for a business venture." This definition implies that the "classic entrepreneur" starts a business from scratch. Starting a business from scratch is a risky venture. Consider that nearly two thirds fail during their first three years of operation. The "modified risk taker" coming out of corporate America typically buys an existing business or franchise to bypass most of the start-up risk.

In order to limit risk, all would-be entrepreneurs should examine their strengths and weaknesses. See if you are even qualified to consider business ownership, because not everyone is cut out to be an entrepreneur. The following questions from the American Small Business Institute can help you see if you possess some of the more vital entrepreneurial traits:

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Topics: Selling your business, business brokers

Selling Your Business with Real Estate - 3 pointers

Posted by Richard Ludlow on Fri, Jan 14, 2011 @08:54 AM

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Topics: selling business action plan, business valuations, business brokers

Buying a business - 5 key points

Posted by Richard Ludlow on Tue, Jan 04, 2011 @06:00 PM
What do I need to do to prepare to purchase my first company? 

Preparing yourself before the purchase of a company is as integral to your success as customers are when running it. As the saying goes “failing to plan is planning to fail”.

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Topics: business brokers

Selling Your Business- First Steps

Posted by Kelli Corson on Wed, Sep 08, 2010 @03:02 PM

The first steps in selling your business are key.

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Topics: Selling your business, selling business action plan, business brokers

Selling Your Business- 5 Step Action Plan

Posted by Kelli Corson on Wed, Sep 08, 2010 @02:48 PM

You may not be quite ready to sell your business; we understand that. Stony Hill Business Brokers has a unique approach to help. With our Foundations Business Sale Planning Program we'll set up milestones outlining the recommended "critical path" to help you reach the goal of getting you the right selling price at the right time.

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Topics: Selling your business, selling business action plan, business brokers