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business: How Do You Sell a "Problem" Business? - 08/15/07 12:40 PM
I have a business for sale. Again.
I'm a business broker. I sell businesses. I've sold lots of businesses.
They all have problems.
In almost every case the biggest problem is the owner.
This particular business is one of my favorites. It has been around for over thirty years, but the last two owners have each only owned it only a couple of years.
Why is that? The original owners had the business for a long time. They took it from ZERO to SOMETHING.
The next owners also grew the business. They owned it for a number of years also. They bought the property the business occupies. … (10 comments)

business: How Much Money Do You Need (or Want) to Make From Your Business? How To Buy a Business, Part 4 - 08/03/07 12:36 PM
This is the fourth chapter in the series "How To Buy a Business." See chapter 1, chapter 2, chapter 3.How Much Money Do You Need (or Want) to Make From Your Business? 
You must answer this question very specifically because it will have a bearing on how much you will have to pay for your business.
If you need to make $100,000.00 per year then you probably won't be able to buy the business for $50,000.00.
Too many people have unrealistic ideas when it comes to buying a business.  A business is worth a certain amount based on its profitability (intangible assets) and certain … (6 comments)

business: Buy an Independent Business or a Franchise (part 3 of series) - 07/25/07 02:58 PM

The arguments in favor of a franchise are formidable.  With a franchise you should get immediate name recognition, awareness, and acceptance.  You get training in running your business.  You get complete policies and procedures manuals.  You get national contracts with suppliers which allow you to buy for less than you could arrange for yourself locally.  You also have access to a franchise owner's group which will give you people you can talk to about problems you are having with the operation of your business.
The primary argument against franchises is the control that the franchisor exercises over your daily operations.  The franchise … (9 comments)

business: Buying a Business: First Things First - 07/24/07 08:24 PM
 
Before you even consider buying a business you have some decisions to make and some homework to do:
1.     Should you buy an existing business or start from scratch?
2.     Do you want a franchise or an independent business?
3.     Should you lease your location or buy the real estate?
4.     How are you going to pay for the business?
5.     How much do you need (want) to make?
6.     What type of business are you interested in?
7.     Where do you want the business located?
Buy existing business or start new?
There are many reasons to buy an existing business rather than start new, and very few reasons not … (27 comments)

business: You Need a Business! Baby Boomer retirement Planning part 4 - 07/24/07 11:45 AM

At retirement we are faced with major lifestyle changes from NOT going to work every day to NOT having a regular income, having too much time for not enough to do.
Maybe what you want to do is have a small business that can occupy your time and provide some welcome and needed extra cash.
If you are fortunate enough to have a profession like mine (real estate broker) you can "work" where and when you want, full-time or part-time. You never actually HAVE to retire. But for those that "work" a regular job and will retire from that job, a business can … (2 comments)

 
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Bill Roberts - "Baby Boomer" Retirement Planner

Oceanside, CA

More about me…

Brooks and Dunphy Real Estate

Address: P.O. Box 712501, San Diego, CA, 92171-2501

Office Phone: (619) 244-4610

Cell Phone: (619) 244-4610

Email Me

Everything that the "Baby Boomer" needs to make sound financial decisions regarding real estate investing and retirement planning. Business Opportunities, self-directed IRA retirement plans, and mortgage strategies.


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