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SBA and AARP Partner to Assist Entrepreneurs into Business Ownership
Reflects Increase among Adults over Age 50 Desiring to Develop New Careers
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 The Small Business Association (SBA) and the American Association of Retired Persons (AARP) have joined together to assist entrepreneurs age 50 and older with achieving business ownership. Given the recent figures that show entrepreneurship rates have risen in this age demographic, both organizations see this an ample opportunity to help usher in a boom in small business ownership.
In a recent article by the South Bend Tribune, Michael Chodos, Associate Administrator for Entrepreneur Development for the SBA, was quoted in stating that their goal is to train as many as 100,000 people to become successful business owners, using many of the tools available by the SBA with the aid of the AARP.
"Whether you are 20-something or 50-something and starting a new business, you need to know how to plan, how to think about all the things that are required for business success," said Chodos.
VR Business Sales has assisted hundreds of thousands of entrepreneurs fulfill their goals of business ownership worldwide for over 30 years. If you're someone looking to start a new business, VR has an extensive inventory of available businesses for sale that can match your professional interests and background.
Speak to a VR office in your area today regarding buying your own business.
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IFA Aggressively Recruiting Military Veterans into Franchise Ownership
Goal is to Hire 75,000 Veterans over Next Five Years
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 The International Franchise Association (IFA) in partnership with the White House-led Joining Forces Initiative has been aggressively recruiting military veterans into franchising through an effort called Operation Enduring Opportunity. Launched last November, the goal is to hire and recruit 75,000 veterans and their spouses as well as 5,000 wounded veterans as business owners and employees in franchises over the next five years.
Over 450 franchisors, including VR Business Sales, are offering discounts to veterans through the VetFran program, a rise from 300 back in June 2011. Since 2011, 2,100 veterans so far have gone into franchising - either as business owners and employees.
The offers by franchisors in the market include 30, 50 or 100 percent off the franchise fee for veterans - VR has waved its franchise fee for military veterans. Some franchisors have also offered half off royalties for a year, and special loans through the SBA called Patriot Express.
Veterans choose becoming a business owner because it's a way to gain back autonomy. Although they make up 6 percent of the U.S. population, 14 percent of all business owners are made up of military veterans. What makes a franchise model attractive to veterans is that it provides a lot of the structure to similar to what they've experienced in the military.
Discover the franchise opportunities available by visiting the VR Franchise Showcase.
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Knowing How to Perform Due Diligence as the Buyer
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 If you're a buyer and have signed the Letter of Intent with the seller, the next course of action involves putting together a team to assist you in conducting due diligence on the business. VR Business Sales can help recommend a variety of experts that are experienced in performing due diligence - i.e. accountants, attorneys, appraisers.
Before you start performing due diligence, prepare a list of areas to examine to ensure you've accounted for everything that makes up the business.
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Highlighted Transactions
And Engagements
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NEW BUSINESS TRANSACTIONS!
VR Continues to Match Qualified Buyers with Businesses for Sale
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In today's business climate, our clients demand quality and professionalism. We applaud our VR network for the recent successful transactions:
Global Tour Company, $750,000 - San Antonio, TX
Property Management Company, $210,000 - Wichita, KS
Established Cleaning Services, $110,000 - Naples, FL
Juice and Smoothie Franchise, $85,000 - Artesia, CA
Shipping and Packaging Store, $55,000 - Pewaukee, WI
To learn how you can become a successful owner of a business, contact a VR office today!
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SUCCESSFUL TRANSACTIONS
Embroidery/ Ad Specialty Company
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VR Business Sales of McKinney, Texas, a leader in the sale of privately-held companies, recently facilitated the strategic sale of an embroidery/ ad specialty company for $185,000.
The transaction, which closed last month, was handled by Larry Lane, a business intermediary specialist.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries.
VR has sold more businesses in the world than anyone®.
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SUCCESSFUL TRANSACTIONS
Traffic Data Collection Company
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VR Mergers & Acquisitions, located in Newport Beach, California, the leading business intermediary firm in the area, has recently facilitated the strategic sale of a traffic data collection company for $90,000.
Gary Hines, a VR business intermediary, represented the seller throughout the transaction that was completed this month.
VR is celebrating 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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NEW ENGAGEMENTS
Fire and Water Damage Restoration Company
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VR Mergers & Acquisitions, located in Edmonton, Canada, announced it has been engaged by an owner of a fire and water damage restoration company to assist in facilitating the sale of their businesses.
This is a business that is resilient to economic downturns as damages caused by fire, burst water pipes, high winds, vandalism, hail and other natural disasters happen regardless of the economic conditions. It is a true turnkey operation with professional and national brand recognition. Go to their VR Web Site for further details. VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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NEW ENGAGEMENTS
Software Applications Company
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VR Business Brokers, located in Wichita, Kansas, the leading business intermediary firm in the area, has recently been engaged to assist in facilitating the strategic sale of a software applications company.
This software application firm has established itself as a major playing within its segment of the market. The applications, resources and services of this company have allowed it to provide technology to clients and equipment vendors to integrate operations in such a way that have enhanced the efficiency, effectiveness and profitability of operations in major production facilities. Click here for more details.
VR is celebrating over 30 years as the world's only network of full-time professional business intermediaries that addresses the needs of small and mid-sized businesses.
VR has sold more businesses in the world than anyone®.
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Now is a Great Time to Become Part of VR!
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 With baby boomers selling their businesses to retire, corporate executives frustrated with their jobs and managers looking to buy a business to replace their corporate position, NOW is a great time to become part of VR!
VR Office
Artesia, California
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VR Global Headquarters
One East Broward Boulevard, Suite 1500
Fort Lauderdale, FL 33301
Toll Free: (800) 377-8722
http://www.vrbb.com
Copyright © VR 2009-2012
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Ask a VR Intermediary?
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Greg Hedgebeth, Owner
VR in Cincinnati, OH
How Can an Earn-Out Strategy Resolve the Differences Between a Buyer and Seller?
In a business transaction, it's not uncommon for buyers and sellers to be worlds apart on a purchasing price. As publicized as they are, you will seldom see transactions involving mid-market and large companies, where a buyer can make use of publicly-traded stock. In most cases, it's a matter of an aspiring or experienced entrepreneur looking to purchase a small business, where the issue of how the sale will be paid for and where the funds will come from is always going to be present.
Click Here to Read the Full Article.
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