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March, 2010
Financing When Buying a Business
In every situation where a bank lends money to a person, they intend to make a profit, not a loss. Remember that a bank is not a charitable institution but a business. To verify that a bank will be paid back, they will make sure that there is sufficient assurance thatthe person in question can not only repay the loan but has met similar financial obligations in the past. Here are the five C’s of credit that banks use to evaluate potentialloans forbuying a business as told by the Small Read More
Peter King  3/24/2010 4:24:00 PM  Comments (0)
Using a VR Business Intermediary When Selling Your Business
Apart from buying or selling your house,selling your business stands as one of the biggest financial steps that you will take. The reasons that a business owner sells are wide and varied – retirement, health, relocation, etc. Regardless of the reason, you will need to recruit a VR business intermediary in preparing, marketing and managing the selling process. A VR business intermediary is uniquely trained, prepared to offer you as the business owner advice as well as to position the op Read More
JoAnn Lombardi  3/15/2010 12:52:00 PM  Comments (0)
Advantages of Buying an Existing Business
There are many advantages to buying an existing business. Already Established Customer Base When you buy a business, you also buy that business’ customers. The more customers, the more that you will pay for the business.However, these existing customers will giveyour business an immediate cash flow and opportunity to improve on existing business relationships. Current Inventory You will usually receive whatever inventory is currently on the shelves or in the warehouse when you buy a bu Read More
JoAnn Lombardi  3/11/2010 3:58:00 PM  Comments (0)
Buying a Business Has Many Advantages
Many entrepreneurs believe that they need to start a business from scratch. But this does not have to be the case. Look at one of the all-time business owners: Howard Schultz. He did not start Starbucks. Instead, he initially worked for the business before leaving. After a time, he returned and bought the business. Most studies show that start-ups fail within the first few years of their existence, where as buying a business that’s already in existence is much more beneficial with le Read More
JoAnn Lombardi  3/1/2010 12:36:00 PM  Comments (0)