Is Buying an Auto Repair Shop Right for You?
Posted 04-15-2016 11:04 am
If you have been watching my show on YouTube, you know that I currently own eight companies, seven of which are run without my having to be there on a daily basis. In fact, these businesses pretty much run without me and I spend less than five hours a week monitoring them. People often ask me how I manage to do what I do. Today, I want to share with you the story of one of the earliest businesses I purchased – an auto repair shop.
Purchase Price Allocation When Buying or Selling a Business
Posted 10-01-2015 5:25 pm
Whether you are buying or selling a business, one of the issues that will need to be agreed upon by the buyer and seller when the business is under contract is the purchase price allocation. To put it simply, how is the total purchase price going to be allocated towards various categories for tax purposes?
Best Investments of 2015
Posted 07-10-2015 3:39 pm
It is an age-old question. What should I invest in? What are the hottest investments of 2015? Should I buy gold? Should I buy stocks? How about real estate? Or buying a business? How should I invest my money?
What Kind of Business Should I Buy?
Posted 03-09-2015 5:16 pm
A common question business buyers ask is: “What kind of business should I buy?” There are hundreds of industries to choose from. Which one is right for you?
How to Choose a Good Business Broker
Posted 03-03-2015 1:49 pm
Not all business brokers are created equal. When it comes to choosing a good business broker, there are 10 things you should look for...
Keeping the Business Sale Confidential
Posted 02-23-2015 11:44 am
When it comes to selling a business, maintaining confidentiality is critical to the success of the sale. You do not want suppliers to find out that your business is for sale and potentially cause them to change their terms on you, or employees to find out and potentially cause them to search for jobs elsewhere.
Current Market Conditions for Business Sales
Posted 02-16-2015 5:03 pm
The landscape of business sales is a fluid one where changes can occur quickly. This article is a commentary on the current market conditions for buying or selling a business at the start of 2015.
How to Purchase a Good Business
Posted 02-09-2015 11:11 am
When you are evaluating potential businesses to purchase, there could be hundreds of choices. What should you be looking for? How do you tell a good business from a bad one? This article gives you some useful indicators that can help you narrow down your choices and pull out the good ones from the bad.
The #1 Secret to Owning Your Own Business Successfully
Posted 02-02-2015 10:34 am
Imagine that you currently work at a corporate job, and you yearn for some freedom. You dream about being your own boss, setting your own schedule, and having more control over your life. What’s the first thing you do? Quit your job and start your own business, right?
Business Valuation Explained
Posted 01-23-2015 5:17 pm
Business valuation can seem like a mystery to many business owners. How do you determine the value of your business? Is it a multiple of your annual revenues? Is it a multiple of your net income? Or is it based on comparable sales or some other method?
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