Cartoons paired with business advice
Managing a business on a day-to-day basis is not the same as selling a business. It takes different expertise and knowledge of the marketplace. The business owner must have the books in order, identify true profitability of the business, understand tax implications, have key employees in place, prepare facilities to make a good impression [...]
It can be very discouraging when a buyer suddenly “disappears” from continuing the purchase of a business. It happens all the time, and in many cases the seller never really finds out why. The buyer could have a legitimate reason or have just gotten cold feet. But also, the buyer may have received outside [...]
Successful business owners are always learning and finding new ways to improve their operations. But business owners who "draw a line in the sand" and close the door to new methods, new technology and updated equipment can see a drop in market position, revenues and profitability. As a result, buyers for these businesses will [...]
