When you spend a large part of your life building a business, the idea of selling it can be overwhelming. What will you do with your time? How will you fill your days with purpose? You may also be struggling to decide if now is the right time to make a transition. You...

When you are considering selling your business, you will most likely have no idea how much you can get for it. After all, there are a ton of different factors that go into the final purchase price. In order to get a good idea of what your business is worth, you will...

Napoleon Hill may have died with less than a million dollars in the bank, but his self-help books made many people multimillionaires. Born in 1883, Hill experienced two world wars, the great stock market crash, prohibition, desegregation, and the ratification of the...

I prospected the Seller over 36-years ago on Long Island fishing for a seller; the time was not right for him.  I suggested he keep my card, I told him someday you will want to sell.  He kept my business card thankfully, and the day did come to sell on June...

3 Profitable Business Concepts You Have to See to Believe Image by Gerd Altmann Still not sure your vision can be a reality? Let’s take a look at some of the wackiest business concepts out there and get inspired! Many people believe that in order to create a...

There are more than 11.6 million firms owned by women in the United States and those numbers are growing every day. Today, women-owned businesses make up 39% of all businesses that are privately owned in this country. Are you ready to join their ranks? If you have...

Harry Reasoner of 60 Minutes recently said in so many words “the time to retire is when you are at the top of your game.”  In business, this is also very true.  What happens if you hang-around without the passion of prior years, employees and customers will...

It is smart to establish sooner rather than later what provides value for a buyer of your business.  You may get a rude awaking by wait until you are ready to sell to find out your business is not what you thought.  Higher value means you a higher price for...

To get the best price possible, having a tax return along is better than nothing, but that is about it. Although all the information on a financial statement is included on the tax return, it is not shown with the detail a buyer will want to see.  If you know in...

Buyers on occasion get on a high horse when it comes to “add-backs” such as depreciation and adding extra costs to a transaction.  For transactions under $15-millioin, equipment and assets which will be utilized for years, it can be argued that depression should...