Business brokers are usually hired by the seller of the business.  Sometimes, they are hired for a specific search to find a certain business profile that a buyer would like to find and they are relying on the business (more…)

If you have never sold a business before, how do you screen prospective buyers?  How do you keep confidential the name of your business and not identify your business for sale to a competitor by accident?  (more…)

Business brokers can be very helpful but not all business brokers are alike.  There is no one course that a business broker takes.  In many locations, the Business Broker Act falls under the Real Estate Act.  Many (more…)

Before starting up a new business, look for an existing business for sale in websites like thebusinessplace.com to see if there is a similar business for sale with cash flow already in place.  (more…)

Yesterday’s article highlighted the advantages of a start up business.  Here is a list of disadvantages

• high risk of failure in first two years of operation (more…)

A start up business is any business which has been created from an idea and has no history of sales, failure or success.  This could be a clone of someone else’s business however this is the first business of this type created by this entrepreneur. (more…)

When you buy a traditional business, you can look at the business, see the staff, see the inventory and monitor the quantity of customers visiting the business if it is a retail business.  When you buy a business (more…)

If you are an entrepreneur, you follow you intuition and decide how much money are you willing to spend to see if your idea works. You are quantifying the amount that you are willing to lose on a venture. If everyone (more…)

There are two types of network marketing, the traditional marketing of using your contacts to see who do they know and if any one of your contacts will purchase your business or service.  The newer type of (more…)

if you do not know what you want to do, the easiest way to narrow the choices is to determine what do you not want to do. Do you want to go into business for yourself, do you to buy a business, do you want to work from home? (more…)