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80% of all California business buyers never end up buying a business! Many factors contribute to this statistic, but by following the points below and utilizing the ProBuy Method of buying a business you should be successful in locating a business that interests you and completing the transaction! Contributor: Peter Siegel, MBA
First the dreaded statistic: 80% of all business buyers looking to buy a small business never end up doing so! Peter Siegel, MBA BizBen.com Founder & ProBuy Director) covers successful tactics & strategies all business buyers of small to mid-sized businesses should utilize now to buy a business. Contributor: Peter Siegel, MBA
Demonstrating sufficient cash flow to cover a business acquisition loan is key to getting a lender's approval. But buyer must be knowledgeable. Support a business acquisition loan with the target company's cash flow. And know how to determine the actual cash flow amount. Peter Siegel, MBA explains. Contributor: Peter Siegel, MBA
In my opinion and experience, an LOI may very well be appropriate for lower middle market transactions of $5,000,000 or more; but, for deals less than that an Asset Purchase Agreement ("APA") with contingencies on the actions of the buyer (and seller) is much more efficient and effective. Contributor: Tim Cunha, JD
To start a business or try something new, starting a franchise business is a great option. In this blog, we'll break down everything you need to know about buying a franchise in simple, easy-to-understand terms. This guide is for business owners, whether experienced or new. Contributor: Chris Chi
Helen Yoo at New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
Tim Cunha has five decades of entrepreneurial experience in various fields, including the design and manufacture of computer graphics software and hardware systems, instrument manufacturing, Defense contracting, biotech/pharma, publishing, distribution, and retail.
x10 Ventures empowers business buyers with a suite of support services designed to help them close confidently on qualified businesses with a strategic plan designed to hyper-charge their return on investment in the crucial first 90 days of business ownership.
Peter Siegel, MBA discusses buyers who want to buy a business or franchise know about asking the seller to provide part of the financing with a carry-back note. Many business buyers need some cash to help fund the down payment and for working capital. Here are four ideas about how to get that money. Contributor: Peter Siegel, MBA
There are many myths associated with the process of selling a small business and some of them can actually cause deals to fall through. Don't let your sale be compromised, be aware of these common misconceptions related to the process of selling. Peter Siegel, MBA with BizBen explores this topic. Contributor: Peter Siegel, MBA
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