Getting out of business is a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying the decision to get out Continue Reading
18
Category : Business
In today’s dynamic business environment you’re either Growing or Going…out of business that is! If you’re part of the latter contingent and have made the decision to get out of a business but are una Continue Reading
My neighbor asked me, “Why would anyone sell a successful company?”. He could not understand why anyone would leave a business that was doing well. Of course successful companies get sold all the time.
So why do these business owners sell? The short answer is that most closely held businesses sell for human reasons, such as burn out, retirement, illness, partnership disputes, family issues or other personal reasons. Usual Continue Reading
For some, planning a business exit can be a predictable, methodical process. We know the competition; we understand market demands, know when we want to sell and might even know the actual date. But fo Continue Reading
It is not easy for small businesses to get small business loans. Banks and other lenders require them to go through strict and complicated financial procedures with stringent requirements for qualification. After everything, credit approval is not even guaranteed.
Even the financing for loans supported by the Small Business Administration (SBA) cannot meet the needs of the majority of small businesses. Although the am Continue Reading
Bad credit is one of the main reasons for bank loan denial. A credit score lower than 580 will most likely ruin your chances for a business loan. Multiple credit checks also lessens your chances for approval. And of course, a recent file for bankruptcy will ensure denial on your request.
Fortunately, there is no reason for despair if you belong to this group of people. There are now available alternatives for getting Continue Reading
How come some of the biggest businesses empires like Enron, Lehman Brothers, and many more have collapsed suddenly? Were they not being managed by professionals? Were they not able to hire all those success teaching mentors who have been minting money selling their lectures and books on tips to manage businesses successfully? These questions raise the doubt that there might be a very same rat creeping down your establishments, t Continue Reading