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Published: 14/07/2008
Before even asking questions about what wealth managers do and where to find one, most people will want to know if wealth management is even relevant for their business. Below are common questions, and answers, about wealth managers.
DO YOU NEED ONE?
You don't have to have to be a...
Published: 14/07/2008
Most business owners have a thought in back of their minds that they will at some point (hopefully), sell their business for lots of money. Who can blame them? After all, isn't this part of the allure of getting into your own business?
While there are drastic differences between selling a...
Published: 02/07/2008
With so many other things to keep track of when selling a business it's hard to keep in mind all of the factors that will affect purchase price and deal terms. Below I highlight and discuss some of the most important factors.
Recent Performance:
Over the past 2-3 years is the business...
Published: 02/07/2008
Most company owners sell the company themselves. Whereas homeowners use brokers (Realtors) 90% of the time, sellers of companies use brokers only about 30% of the time.
When is it a good idea to use a broker?
If the seller thinks that it will be difficult to run the company AND put in...
Published: 02/07/2008
Personal events involving the owners or senior management are what usually raise the question: is it time to sell the company. For the most part, the decision to sell is made for personal reasons. We discuss the most common reasons for a sale and goals of a sale below.
1) Fatigue: the...
Published: 24/06/2008
Most small business sales are financed, at least in part, by the sellers themselves. Offering seller financing puts the seller in a stronger position to get a better price and a faster sale.
Buyers nearly always need seller financing. Their advisors strongly recommend it. Seller financing...
Published: 17/06/2008
Like everything else in life, the answers to these two questions are more complicated than most people expect. The principles of selecting a business appraiser, however, are fairly straight forward.
Both sellers and buyers need business appraisals. There are many varied reasons for needing...
Published: 21/03/2008
Recently there has been a tremendous outcry in the Office community swirling around the rumour that Microsoft is removing Visual Basic for Applications from future versions of Office. Business managers are wondering if they should bother with Excel VBA training programs if the macro language is...
Published: 24/01/2008
Managing cash flow has always been a bit of a headache for small businesses when taking care of their business banking. Customers often leave payments until the last minute or even overdue and this means that forward planning with money management is near on impossible.
Many small businesses...
Published: 24/11/2007
If you want to experience business growth, you will need to foster employee satisfaction. Happy employees equal loyal laborers. When your employees are happy, your customers are more likely to be happy, and you will be happy with your business.
So, how do you make an employee happy, especially...
