About This Blog
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Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers. |
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This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business. |
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This Blog is ideal for business buyers, business owners, advisors, business brokers & agents. |
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Opinions expressed on this site do not necessarily represent those of BizBen. |
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Opinions expressed here do not constitute legal advice. Those interested in specific guidance for legal matters should seek competent professional advice. |
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Posts tagged 'business planning'
The following posts are associated with the 'business planning' tag.
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Posted on July 31, 2009 Contributed by Bob Hughes
What Is The Goodwill Of Your Business?
Goodwill is what a business owner has built into his business over the years that include: Reputation, Telephone number, Logos or trademarks, Customer lists, Vender list, Branding, Lease value, Web page, Marketing materials, or any other intangible item that goes into the sale of the business. Bob Hughes, a long time business broker in the Coachella Valley gives his definition of goodwill and what is included in this blog post/article.
Posted at 8:27am | 6 Comments
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Posted on June 16, 2009 Contributed by Joe D. Robertson
Important List Of What Brokers Need From Sellers
Joe D. Robertson, an Orange County business broker provides a list of important items, documents, and paperwork of what he feels is important for sellers to give to brokers (and agents) before the business for sale process begins. If an intermediary is truly serious about selling a business opportunity they should read this blog post/article and see what types of information should be provided to potential business buyers.
Posted at 7:03am | 6 Comments
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Posted on May 14, 2009 Contributed by Peter Siegel
Economic Conditions Demand Expanded Services
Declaring that "the present state of the economy demands intensified evaluations of small and mid-market business expenses" -- from leasehold/rent costs to debt service -- before a business can qualify for a sale or financing, Randall Barondess, C.B.B., director of the Thousand Oaks-based Business Brokerage Division of Troop Real Estate, Inc. announces expansion of its services to include such key offerings as financial recasting.
Posted at 5:35am | 0 Comments
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Posted on May 7, 2009 Contributed by Peter Siegel
Tips For Getting A Vending Route Ready To Sell
The population of qualified buyers for small California businesses has grown dramatically over recent months, with corporate layoffs releasing thousands of business-savvy people with cash and borrowing resources into the market for companies they can buy and manage. A well-run organization with a history of profitability, in a business that doesn't require advanced university degrees to understand and operate, is exactly what these buyers want.
Posted at 8:29am | 3 Comments
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Posted on August 14, 2008
Small California Business Sales Up 8.7% in July
BizBen reports an increase of 8.7% in sale of small California businesses in July compared to prior month. Siegel calls it “sign of underlying strength of demand” for small California
businesses.
Posted at 10:04pm | 0 Comments
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Posted on August 13, 2008 Contributed by Steve Fitzgerald
How Are Small Businesses Valued by Buyers and Lenders?
In the vast majority of cases, a Buyer will come to a decision as to the value of a business they are interested in buying based upon six primary issues. This article explains the differences in valuation according to buyers vs. lenders.
Posted at 11:34am | 0 Comments
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Posted on April 23, 2008
Cyber Invitation to Annual U.S. Small Business Week
The importance of small business in the U.S. will be formally recognized this week (April 21 - April 25) with the annual celebration of U.S. Small Business Week.
Posted at 7:49pm | 0 Comments
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Posted on November 26, 2007
Franchising Tip: Know What You Are Getting
Todays Franchising Tip: Know What You Are Getting - Make sure you know exactly what franchising means. BizBen viewers rated an ice cream franchise business, a dry cleaners company, and a liquor store listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:33pm | 1 Comment
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Posted on November 18, 2007
Small Business Seller Tip: Be Practical About Potential Buyers
Todays Small Business Seller Tip: Be Practical About Potential Buyers - You might really like a potential buyer and be anxious to sell to a particular person. BizBen viewers rated a coin laundry business, a gas station company, and a deli / ham sales listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:09pm | 0 Comments
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Posted on November 10, 2007
Small Business Purchase Tip: Higher Return On Investment
Todays Small Business Purchase Tip: Higher Return On Investment - Though less common, some people buy small businesses for the investment value. BizBen viewers rated a coin laundry business, a coffee/cafe listing, and an ice cream franchise opportunity as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:34pm | 0 Comments
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Posted on November 3, 2007
Business For Sale Tip: Reasons People Sell
Todays Business For Sale Tip: Reasons People Sell - People sell their business for different reasons. Some want to retire. BizBen viewers rated a clothing boutique company, a picture framing shop business, and a water store listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:01pm | 0 Comments
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Posted on October 27, 2007
Purchase Business Tip: Keep The Closing Process Moving
Todays Purchase Business Tip: Keep The Escrow Moving Forward At All Times When Buying A Business - On good businesses for sale there will probably be multiple offers to buy the business - even when it goes into escrow there will be potential buyers who will want to "get in line in case things bog down". BizBen viewers rated a UPS store franchise business, a sign shop listing, and an automechanic shop opportunity as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:19pm | 0 Comments
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Posted on October 20, 2007
Business For Sale CA Tip: Have A Professional Business Valuation Done
Todays Business For Sale CA Tip: Have A Professional Business Valuation Done - Getting a 3rd party professional business appraisal/valuation is important and critical for the process. BizBen viewers rated a liquor store with real estate, a Quiznos franchise opportunity, and a furniture retailer listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:30pm | 0 Comments
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Posted on October 13, 2007
Business Buyer Tip: Give And Take When Buying A Business
Todays Business Buyer Tip: Give And Take When Buying A Business - You will learn from each experience you have buying a business. BizBen viewers rated a UPS franchise opportunity, a bed & breakfast company, and a yoga studios business as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:43pm | 0 Comments
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Posted on October 6, 2007
Business For Sale CA Tip: Keep The Sale Confidential
Todays Business For Sale CA Tip: Keep The Sale Confidential - Even when the business is "under contract" the offer and the sale must still be kept confidential. BizBen viewers rated a video/cellular store company, a mail box center opportunity, and a market b&w listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:37pm | 0 Comments
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Posted on September 29, 2007
Business Broker California Tip: Number Of Business Brokers
Todays Business Broker California Tip: Number Of Business Brokers - According to the Business Brokerage Press, many people think the business brokerage industry has been saturated. BizBen viewers rated a tutoring franchise listing, a gifts, accessories business, and a cold stone creamery opportunity as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:38pm | 0 Comments
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Posted on September 22, 2007
Restaurant Buy Tip: Do Not Buy a Restaurant Unless
Todays Restaurant Buy Tip: Do Not Buy a Restaurant Unless You Like Food and People - Restaurants are a common choice of businesses to purchase. BizBen viewers rated a cellular franchise opportunity, a liquor store company, and a fast food franchise business as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:29pm | 0 Comments
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Posted on September 8, 2007
Business Acquisition Tip: Get Family Support
Todays Business Acquisition Tip: Get Family Support - I once talked to someone who owned a flower shop that had to sell the year after buying it. BizBen viewers rated a Thai restaurant business, a dry cleaners-agency company, and a plastics machine shop opportunity as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:44pm | 0 Comments
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Posted on September 1, 2007
Business Sale Tip: Why People Sell Their Businesses
Todays Business Sale Tip: Why People Sell Their Businesses - There are a number of reasons people sell their business. BizBen viewers rated a Quiznos franchise business, a prop rental service company, and a Mexican restaurant listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:51pm | 0 Comments
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Posted on August 26, 2007
Business Broker Tip: No Large Up-Front Fees
Todays Business Broker Tip: There Should Not Be Large Up-Front Fees - Business brokers charge from 10 to 15% commission on the sale price of your business. BizBen viewers rated a fast food franchise opportunity listing, beauty supply stores franchise opportunities, and a UPS franchise business as some of the more popular California business and franchise opportunities for sale that were listed yesterday on BizBen.com by business brokers, regional franchise directories, and small business owners.
Posted at 8:26pm | 0 Comments
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Posted on August 19, 2007
Franchising Tip: Follow The Lawsuits
Todays Franchising Tip: Follow The Lawsuits - A franchise may have bad relationships with its franchisees. BizBen viewers rated a Quiznos franchise company, a tire franchise business, and a specialty retailer listing as some of the more popular California business listings and franchise opportunities for sale that were added yesterday on BizBen.com by franchise developers, business brokers, and business owners.
Posted at 9:40pm | 0 Comments
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Posted on August 11, 2007
Business Sales Tip: Leave No Clues
Todays Business Sales Tip: Leave No Clues - Take great care when preparing to market your business. BizBen viewers rated a printing service company, a clothing store business, and a cafe listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:48pm | 0 Comments
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Posted on August 4, 2007
Buying Business Tip: Paying For A Franchise
Todays Buying Business Tip: Decide How Much You Can Pay For A Franchise - Different types of franchises have different franchise fees and start-up costs. BizBen viewers ranked a subs franchise listing, a restaurant business, and a car wash service company as some of the more popular small California businesses and franchises for sale that were listed yesterday on BizBen.com by business brokers, agents, and business owners.
Posted at 9:18pm | 0 Comments
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Posted on July 28, 2007
Sell A Small Business Tip: Keep Your Customers Happy
Todays Sell A Small Business Tip: Keep Your Customers Happy - While selling your business, keep your key customers very happy. BizBen viewers rated a products manufacturing business, a purse retailer company, and a signs & banners listing as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:34pm | 0 Comments
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Posted on July 21, 2007
Small Business For Sale Tip: Enough Money To Live On
Todays Small Business For Sale Tip: There Has To Be Enough Money To Live On - Small business with less than 25 employees are usually bought by a buyer who wants to earn a living from the business. BizBen viewers rated a restaurant listing, a market w/beer and wine business, and a coin laundry company as some of the more popular California businesses and franchises for sale that were listed yesterday by those selling a business - small business owners, business brokers, and agents on BizBen.com.
Posted at 9:03pm | 1 Comment
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Posted on July 14, 2007
California Business For Sale Tip: Sell The Best Location
Today's California Business For Sale Tip: Sell The Best Location - Say you own multiple locations of a business, even two locations. BizBen viewers rated a dating service business, a Japanese restaurant company, and a UPS store opportunity as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:03pm | 0 Comments
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Posted on July 1, 2007
Sell A Business Tip: Know What You Are Signing
Today's Sell A Business Tip: Know What You Are Signing In Business Sale - Don't sign legal papers you don't understand. BizBen site users rated a shipping & copy company, a grout & tile service business, and a custom auto parts listing as some of the more popular California business opportunities that were listed yesterday on BizBen.com by small business owners and brokers/agents.
Posted at 9:06pm | 0 Comments
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Posted on June 24, 2007
Sell Business Tip: Tax Advantages For Seller Financing
Today's Sell Business Tip: Tax Advantages For Seller Financing - In many cases, the tax consequences of accepting terms are much more advantageous than those on an all cash sale. BizBen viewers rated a dry cleaning service listing, a restaurant & lounge business, and a restaurant company as some of the more popular California businesses for sale that were listed yesterday on BizBen.com.
Posted at 9:47pm | 0 Comments
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