As any small business owner will tell you getting funds to start or operate your business is a challenge. Surveys indicate that up to 65% of professionals in the work force would like to be their own boss. Less than 1% ever actually do it. One of the greatest hurdles is the capital and [...]
One of the questions posed to me daily in my practice is the state of the market. There is an overt focus on the relationship of the banks and the lending environment to the sale of small business. The concern though valid is based in large part on a fallacy that banks lend to small [...]
1. Pay vendors with a credit card. If you pay a vendor 30 days after you make a purchase, and you have 20 days before you have to pay the credit card bill to avoid interest charges, the total time between when you made the purchase and when you actually pay for it stretches to [...]
If you are not in the process of selling your business right now, you are making a Huge Mistake. You will never receive more money for your business than you will now. Waiting will cost you money.
When interest rates rise, your business’s value drops immediately! Do you really think there is any chance that interest [...]
Lawn services are one of the best businesses to purchase if a buyer wants a business that will be recession proof and inflation proof. This is because lawn care is something most home owners and property owners do not want to do themselves under any circumstances, and they want to have to buy the equipment [...]
In my quest to build my inventory I have been meeting owners and doing valuation and the fundamental truth is that the difference between a successful business owner and a unsuccessful one is that the successful business owner knows his numbers. I’m not talking grand tax strategy and fancy terms like EBITDA etc. I’m talking [...]
From the Desk of Monty Walker
Federal Capital Gain Tax Rates:
Where are they headed?
Since 2003, the top tax rate on most capital gains has been 15% for people in the 25% or higher tax bracket. Although a lower level tax rate has also been in place since 2003 for people in the 15% [...]
BizBuySell.com Reports Improving Business-For-Sale Marketplace Despite Difficult 2009
Service businesses and restaurants lead the recovery as business-for-sale closed transaction prices return to levels not seen since mid-2008
San Francisco, CA – January 7, 2010 – According to today’s BizBuySell.com Insight Report, closed business-for-sale transactions declined by 28 percent in 2009, but a recovery that began mid-year continued [...]
A Word About “Asking” Prices
Recently we received an offer on a business we were representing, which was considerably under the listing price. Upon being asked how the buyer came up with the offering price, the buyer responded, ” Most asking prices are just that, and not an absolute unmovable price. Therefore, if they [...]
The more time passes and the longer I am in this business the more I come back to the basics. Here are some tips for buyers and sellers that hold true, have held true and will hold true.
1. Sellers your not gonna get all cash. Banks dont lend money and until the housing market returns [...]
