
Key Elements for Every Partnership Agreement
You should never forget that your partnership agreement is, in fact, one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement. A partnership agreement protects everyone involved and can help reduce problems that may...Read More
Is It Time To Become A Business Owner? 3 Questions To Ask Yourself
Many people know that owning a business isn’t for them. But for others, the appeal and lure of owning their own business can be powerful indeed. If you are uncertain as to whether or not this path is for you, there are a few simple questions you can ask to gain almost instant clarity. In this article, we will explore those key questions and help you determine if owning a business is in your...Read More
Is It Time to Become a Business Owner? 3 Questions to Ask Yourself.
Many people know that owning a business isn’t for them. But for others, the appeal and lure of owning their own business can be powerful indeed. If you are uncertain as to whether or not this path is for you, there are a few simple questions you can ask to gain almost instant clarity. In this article, we will explore those key questions and help you determine if owning a business is...Read More
The Importance Of The Initial Term Sheet
The value of the initial offer via a term sheet shouldn’t be overlooked. From buyers and sellers to advisors and intermediaries, the term sheet is often used before the creation of an actual purchase or sale agreement. That stated, it is important that the term sheet is actually explained in detail. Let’s take a closer look at its importance. What is a Term Sheet? Even though term sheets...Read More
The Importance of the Term Sheet
The value of the term sheet shouldn’t be overlooked. From buyers and sellers to advisors and intermediaries, the term sheet is often used before the creation of an actual purchase or sale agreement. That stated, it is important that the term sheet is actually explained in detail. Let’s take a closer look at its importance. What is a Term Sheet? Even though term sheets are quite...Read More
41% of Entrepreneurs Will Leave Their Small Business Behind in 5 Years
A recent article from Small Business Trends entitled “41% of Entrepreneurs Will Leave Their Small Business Behind in 5 Years” summarizes a report by a global financial services firm that looks at business ownership and entrepreneurialism in modern America. The report found that almost 60% of wealthy investors would consider starting their own business while more than 40 percent of current...Read More
Seven Key Points When Buying or Selling A Business
Buying or selling a business is one of the most important decisions that most people ever make. Before jumping in, there are several points that should be taken into consideration. Let’s take a moment to examine some of the key points involved in buying or selling a business. Factor #1 – What are You Selling? Whether buying or selling a business it is important to ask a few simple...Read More
Six Acquisition Tips From SBA Loan Experts
A recent article in Axial provided feedback from a loan expert’s perspective on what is important in preparing a business for sale. Middle market business buyers are faced with many considerations when preparing to buy a business. The Small Business Administration (SBA) guarantees bank loans to small businesses that meet the SBA’s criteria. These criteria vary by industry but are...Read More
Small Business Optimism Is Highest Since Reagan Era
On the subject of optimism, here are some positive news from a recent Business Insider article below… click here for the full article. A measure of US small business optimism hit its highest level since 1983 last month, according to a National Federation of Independent Business survey released Tuesday. The index gained 3.7 points in November, a big jump from the near-record...Read More