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Lease Time Bomb
Are you ready to lose thousands of dollars on a small business acquisition, thanks to a ticking time bomb called a lease?
Imagine this real-time scenario as it happens more than you would think.
You've spotted a gem—an HVAC services company established in 1983 with a healthy cash flow and a prime location.
What could go wrong?
Skip the Start-Up and Buy
Why Buying a Proven, Established Business Outperforms Starting One
When you're looking to enter entrepreneurship, the allure of starting fresh with a new idea is tempting.
But let's dive into why purchasing an established, proven-profitable small business often offers a more secure, advantageous route.
Here are the top five reasons why buying beats building from the ground up.
Empowering Corporate Women
Seizing Small Business Purchase Finance Opportunities
Are you a seasoned corporate woman looking for new avenues to thrive professionally?
Are you tired of the corporate ladder grind and seeking a more fulfilling path?
If so, you're not alone. Many experienced women in the corporate world are exploring alternative career paths that offer more flexibility, independence, and personal fulfillment.
7 Tips to Vet Biz Customers
Understanding Your Potential Business To Be Acquired Customer Base
Dear Aspiring Business Buyers,
When stepping into the world of business acquisitions, one of the most crucial elements to scrutinize is the customer base of the business you're eyeing.
Today, I'm sharing seven practical tips that are indispensable in understanding the customer landscape of any potential small business acquisition.
Think It Through
Buying a small business is a big deal.
Here's how you can get ready: Know Why You Want to Buy - Check Out the Business - Understand the Money - Learn the Legal Stuff - Meet the Sellers - Ask for Documents - Plan Your Role - Know the Employees …and MORE!
Biz Asset Sale Purchase
Asset sales are a popular method for acquiring a small business. They involve purchasing the business's tangible and intangible assets while excluding its liabilities.
This type of transaction allows buyers to selectively purchase essential assets necessary for the business's operation, facilitating a smoother transition and minimizing the risk associated with inherited debts and legal complications.
Quick Funds for Entrepreneurs
Unlocking Your Retirement Funds for Business Success: The ROBS Advantage
Navigating the options in the business financing landscape can take time and effort. Yet, one of the most innovative and underutilized strategies is the Rollover for Business Startups (ROBS).
I Have No Collateral!
In the entrepreneurial world, two questions often cross the minds of future business owners, especially those stepping out of the traditional employment model into small business ownership.
A valued member of my community brought forward these crucial questions, shedding light on common concerns
Unlock LOI Success
Crafting a Masterful Letter of Intent (LOI): The Gateway to Your Business Acquisition Dream
Embarking on the journey to buy a business starts with an essential step: drafting a Letter of Intent (LOI).
This document is your preliminary handshake with the seller and the blueprint of your proposed deal. It’s not binding for the most part but signals your serious intent to purchase under certain conditions.
Revving Up Opportunities: Auto Repair Businesses to Acquire
In a world where innovation and technology race forward and consumer habits shift like the gears of a finely tuned engine, the auto repair industry stands as a beacon of enduring opportunity.
As we navigate this landscape, it's crucial to understand the transformative trends and how they fuel the potential for business acquisitions in this sector.
Napkin Numbers Basics
It's Deb here, your go-to business buyers' ally in navigating the complex world of business acquisitions. Today, let's unravel the "napkin number basics" for acquiring a proven, profitable small business, including real estate, in a bustling metropolitan area, priced at $800,000.
Understanding the financial groundwork is crucial, and I’m here to make it crystal clear for you.
Ditch the Templates: Protect Your Future
It's Deb here, guiding you through the exhilarating yet intricate journey of acquiring a business. This path is filled with dreams and aspirations, but navigating the legal aspects is crucial for a smooth transition.
Let’s delve into why having a seasoned business attorney is not just beneficial but essential for your success.
What is Absentee-Owned?
In the world of entrepreneurship through acquisition, having seasoned skilled employees is like having a trusted map – it guides you the new owner to success and brings a unique kind of freedom that starting a business from scratch just can't offer.
In conclusion, the absentee-owned business model can have positive aspects. Original founders invest significant effort in establishing their businesses, but as time progresses, well-delegated and trained employees can efficiently run the operations, leading to profitable outcomes.
Seven Keys to Entrepreneurship through Acquisition
An experienced business acquisition loan consultant has immediate access to top bank and non-bank lenders sourcing the best bank loan project, backed by the SBA to support your acquisition deal credentials.
Remember, every buyer, seller, and business is unique. Entrepreneurship through acquisition isn't cookie-cutter. Nor is SBA-backed bank or non-bank financing.
Buy a Biz with SBA: Mastering Landlord Requirements
Today, I am sharing crucial insights on an aspect that many business buyers and business brokers overlook: Landlord Lease Agreements, Waivers, and Subordination.
If you're planning to buy a business that uses rented commercial space, you'll need to create a new lease agreement under the name of the new owner. This agreement must be carefully written, thoroughly reviewed, and then approved by both the SBA underwriter and the bank's legal team.
Unlocking the Door to Business Ownership This Christmas
Climbing Higher: Seasoned Staffing Recruiter
"Your corporate ladder leads to the door of your own business."
If you're a staffing recruiter who's climbed from entry-level to team leader, consider this: Your journey isn't just about promotions; it's a path to ownership. You've mastered people skills and team management, vital ingredients for running your own staffing agency. Don't see your experience as just a job; see it as a foundation for your future business acquisition of an established, profitable staffing agency small business.
Buy a Biz - Keep Day Job
Rental Businesses, Laundromats and Self-Storage - Oh My!
Ever caught yourself wondering how some folks manage to snag a winning business acquisition while keeping their day job?
It's like playing a game of chess with a safety net, where your first venture into business ownership could be a game-changer without risking your steady income.
Let's dive into the juicy details of three business types that are crushing it in the market, perfect for those looking to invest wisely while holding onto their W2.
From Boardroom to Beans
Let's explore an inspiring client story of mine. Transforming a casual interest into a successful business acquisition venture. This story was set in the vibrant city of Austin, Texas, and involves the journey of a couple, Alex and Sam, who transitioned from corporate life to new successors, business ownership.
Decoding Due Diligence
Greetings to my fellow entrepreneurs and business enthusiasts on LinkedIn.
Today, I'm addressing a topic that's essential yet often underestimated in the realm of business acquisitions: due diligence. This process is not just a preliminary step but the foundation of a successful business purchase.
Unlocking the Right Fit
Unlocking the Right Fit: The Business Acquisition Journey
Embarking on a business acquisition is a voyage into the future of your entrepreneurial dreams. It’s crucial to navigate these waters with a clear map in hand.
Stepping into the business buying arena requires a sturdy alliance with a consultant who’s well-versed in the journey from the get-go till funding.