Many purchasers of businesses know very little about finances and records necessary for a business.  If you do, you probably feel more comfortable; but a little knowledge is all you really have to know.  It is important to select a business accountant and a business attorney to assist you

During the many years I have sold businesses, I have worked with many individuals in corporate positions in the purchase of a business. Common among most of them was that they were tired of working so hard for the corporation and wanted to do that work for themselves and earn the profits. Many peopl

When buying a franchise, you can enter into a franchise agreement with a franchisor and start a business as a franchisee or you can purchase an on-going business that is a franchise.  You would still enter into a franchise agreement with a franchisor but would have a business with a financial h

For those of you buyers who are looking for a business to own, I would suggest that you consider an online or Internet or eCommerce business. These all essentially mean the same thing, but there are some differences that I would like to illustrate. All these businesses use the Internet to generate

Although an attorney will prepare the closing documents for closing, it is important to be prepared and understand what to expect.  This article is a guide for you when considering what expenses will be divided, which are called standard prorations.  When buying an ongoing business, a big

One of the reasons business owners give for deciding to sell their businesses is burnout.  The purpose of this article is to help you avoid getting to that point.  However, once you get burned out, it is best to sell and move on, as you have probably lost interest in your business.  

Listening skills are essential to leadership that’s responsive, attentive and empathetic.  Everyone deserves to be heard and understood. There is a huge difference in hearing someone speak and really listening to that person.  There are many reasons people don’t listen, but it

6 Traits That Make a Great Entrepreneur So… you think you've got what it takes to be an entrepreneur? Or, maybe you're scared that you don't. Either way, it's worth looking at the career as a whole and pairing it against your own skills. It's a step that can determine if you do have the neces


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