The Unplanned Business Exit
We Buy Your Business
For some, planning a business exit can be a predictable, methodical process. We know the competition; we understand market demands, know when we want to sell and might even know the actual date. But for far too many business owners, the business exit comes as a harsh reality and often unplanned event.
Protecting your business and assets against the dreaded six D’s of an unplanned business exit can give whole new meaning to the term “Disaster Management”. While every business may experience unexpected pitfalls, careful planning to ensure risk exposure is minimized can assist in keeping you in the driver’s seat when it comes to managing your company. Familiarize yourself with the six D’s of an unplanned business exit: debt, death, disability, divorce, departure and disaster. Know the enemy and look to address all six D’s in your operating and buy / sell agreements.
The Six D’s of an Unplanned Business Exit
Debt:No one goes into business and plans on it not succeeding, but 40,000 businesses fail every month in the United States. When debt exceeds revenue, it is critical to exit timely in order to minimize loses. Understanding limitations and protecting critical assets are key to successful divesture.
Death:Many businesses are solely dependant on their owner’s abilities, relationships, and passion to drive success, and when there is a death of an owner or partner of a business, it can have significant impact to a business… Read the rest
Posted on Sep 17th, 2009 by admin | No Comments »
BUSINESS IDEAS BANK – yes you can “steal ” our ideas
Yes you can “steal” or ideas ..but you must have written permission from us ..this ,in part ,for your own legal protection.
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There are millions of ideas but rarely do they get progressed than thoughts in some ones head !
It is possible to collate many ideas from the thousands of websites and list them as an ideas bank , but of what use?
Testmyidea is an ideas bank with a difference the testing is “on the fly”..that is in real time ..you give us your idea to test ( you can see the many ideas already under test )
It is unlikely to be stolen ! The real entrepreneur has enough to cope with : he wants HIS idea to be successful;
the one he has passion for.
He also knows if he did steal it and it became very successful there would always be the fear of the originator taking him to court .
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IF YOU HAVE AN INVENTION, SEEK PROFESSIONAL ADVICE ..ALWAYS APPLY FOR PATENT PENDING ..BEFORE SPEAKING WITH ANYONE.
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TMI wants you to “steal “their inhouse ideas ! They are there to be claimed at nil cost depending on test results . : or ,if they have been under test and have high ranking plus alliances, they can be owned at a small fee . … plus free internet marketing education to progressively add value to your idea ; plus access to the best internet … Read the rest
Posted on Sep 16th, 2009 by admin | No Comments »
Is Selling Your Business the Best “Exit Plan”?
My neighbor asked me, “Why would anyone sell a successful company?”. He could not understand why anyone would leave a business that was doing well. Of course successful companies get sold all the time.
So why do these business owners sell? The short answer is that most closely held businesses sell for human reasons, such as burn out, retirement, illness, partnership disputes, family issues or other personal reasons. Usually the business is fine but the human being running the business needs a change. To understand this better it is key to understand the other options for exiting a business.
Close the Business/Liquidation
Closing a business that is profitable never makes sense. Even if the assets are liquidated the price is likely to be pennies on the dollar versus selling the business as a going concern with employees, customers and a reputation that is intact. Not only does the business owner get the lowest value but the employees, vendors and customers are hurt by this type of exit.
Accident, Illness or Death
No one wants to exit their business this way, but many do. The loss of an owner not only creates tremendous issues for the family but also creates a leadership void in the business. Even the most competent management can struggle when a key business leader is lost to a serious accident, illness or death. No one plans for this type of exit but many end up exiting the business this… Read the rest
Posted on Sep 11th, 2009 by admin | No Comments »
Credit Card Services and Business Loans for the Small Business
To achieve financial independence, experts encourage even currently employed individuals to consider entrepreneurship. Setting up your own business, no matter how small, is touted as one of the best ways toward building the foundation for wealth. Those who are concerned about having a safety net need not take the plunge recklessly. One can start setting up a small business even while employed.
Of crucial use to small businesses are credit card services and small business loans. The entrepreneur needs to know how to avail of these tools and how to effectively wield them for maximum business growth.
Credit Card Services
A small business would do well to get reputable credit card services in order to prosper in the current business climate. Availing of credit card services will enable it to accept both credit card and debit card payments. This is true either for brick-and-mortar businesses or internet based online businesses. After all, most consumers nowadays routinely use credit cards or debit cards for payment purposes. It only makes good business sense to be well-equipped for the needs of credit card users and debit card users as well as for the needs of customers who pay in cash.
Merchant services provide credit card services covering a wide range of solutions for the processing of credit cards and debit cards as payment options. These credit card services include traditional terminal equipment at point of sale, where credit cards or debit… Read the rest
Posted on Sep 3rd, 2009 by admin | No Comments »
