Peter King
VR CEO
Franchising has become more popular and commonplace with every passing year. According to the Small Business Administration (SBA),franchise businesses provide more than 8 million jobs in the United States. The strength in this sector is an outgrowth of the many advantages that are associated with owning a franchise Read More>>
Peter C. King 2/22/2010 5:14:00 PM Comments (0)
JoAnn Lombardi
VR President
So you’ve made the decision to own a business. Hundreds of people work their way through the same thought process, weighing the costs and benefits of self-employment versus career employment. Yes, there are risks to taking the route of owning your own business; but when youbuy an existing business a Read More>>
JoAnn Lombardi 2/22/2010 10:57:00 AM Comments (0)
JoAnn Lombardi
VR President
Every entrepreneur that’sbuying a business for the first time is faced with the challenge of determining what the fair price for a given business is. Whether other reasonable parties will disagree,business valuation is equally both an art and science.
Commonly, small businesses are valued at a m Read More>>
JoAnn Lombardi 2/19/2010 1:40:00 PM Comments (0)
Peter King
VR CEO
When you are looking to buy a business, it is important to find the right business first before worrying about the right price. Never base your search simply on finding a good deal because you will find yourself ultimately in a place that you don’t want to be.
The price must be considered secondary to your Read More>>
Peter C. King 2/19/2010 10:53:00 AM Comments (0)
Peter King
VR CEO
When you are looking to buy or sell a business, a common area of dispute comes from involving family members. In some cases, some family members will contribute a great deal of work without being paid a single penny at the same time that others may be doing little or no work while receiving large sums of money or se Read More>>
Peter C. King 2/17/2010 5:37:00 PM Comments (0)
JoAnn Lombardi
VR President
The intangible that connects the right business to the right price is due diligence. This refers to the period of time during that the buyer is free to examine the seller and their business. Due diligence also refers to the efforts made by the seller toevaluate the buyer’s financial statement and res Read More>>
JoAnn Lombardi 2/17/2010 5:20:00 PM Comments (0)
Peter King
VR CEO
If you are looking to become a successful business owner, you need to be able to ask yourself if you have what it takes. First of all, if you are looking tobuy a business just to be able to pay your bills and have no debt; then don’t bother moving ahead. When you make the decision to buy a business, your goal Read More>>
Peter C. King 2/17/2010 4:18:00 PM Comments (0)
Peter King
VR CEO
When you are a selling your business, you must define exactly what is being sold to determine how to price and structure the sale, understand how thebuyer will analyze the business sale opportunity and plan a win-win tone for discussion with that buyer. The overall value to the seller in a sale is the combination of Read More>>
Peter C. King 2/17/2010 3:02:00 PM Comments (0)
JoAnn Lombardi
VR President
All businesses have an identity, regardless of whether they control or effectively manage it. You can increase the efficiency of your business by concentrating on developing a desirable identity to project to customers, use as a tool to prove internal direction and orientate strategic development.
Typ Read More>>
JoAnn Lombardi 2/10/2010 12:47:00 PM Comments (0)
JoAnn Lombardi
VR President
Every business has a unique identity that can be used as a valuable asset. Regardless of the size, all businesses currently face challenges to their identity from a myriad of areas. There are three problem areas regarding identity management.
Ever-Similar Products and Services
This has led to customer Read More>>
JoAnn Lombardi 2/8/2010 1:01:00 PM Comments (0)