GlobalBX Entrepreneur Business Articles - July 2009

Obama’s Stimulus Package – Is It Good For Small Business?

The American Recovery and Reinvestment Act of 2009 … … Is the official name of what is known among the general population as Obama’s Stimulus Package, occasionally called “The Stim” by various news talking heads – the ones who are clever, that is.  An Obama Small Business plan does not appear to be in the works, [...]

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Franchise Contracts Help You Buy a Franchise

Franchise Contracts For Buying a Franchise Becoming the owner of a franchise is now more popular than ever.  One reason is due to the state of the economy, where former employees want to strike out on their own.  Another is the wide selection of franchises available for sale – everything from traditional fast-food restaurants and [...]

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Franchise Glossary: Franchise Terms & Franchise Definitions

Franchise Terms Every industry or field of study has its own buzzwords and unique language.  This is true in medicine, real estate, book publishing, or just about any other venture.  People interested in buying a franchise will find it difficult to make wise business decisions without understanding the franchise terms that are in use – [...]

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Franchising Process: How to Start Franchising

Start a Franchise Business Many small-business owners reach a point where their company’s success makes them think of expansion.  One possible way to enjoy additional income involves opening a second location, and then adding more as time and cash allows.  But an increasingly popular method involves franchising your business.  The franchising process will allow you [...]

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Internet Business Valuation – How to Value Internet Businesses

An Internet Business Opportunity Awaits The most important question a prospective business buyer can ask is, “How much is that business worth?”  There are accepted methods to come up with the proper valuation of a “bricks & mortar” company, but an Internet business valuation rarely fits those parameters.  If you have an Internet business opportunity [...]

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Five Reasons Why Franchises Fail – Franchise Failure Rates

Getting the Low-Down on Franchises For people who want to open a business they can call their own, the option of buying a franchise is clearly one of the best possible routes to take.  Franchises offer instant brand recognition, a proven operating system developed over many years, and plenty of corporate support.  But not everything [...]

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Do You Enter Business Awards?

It’s business awards season again – the time when just about every company out there launches an award. Do you enter them? If you don’t, here’s why you should.  Firstly, if nothing else, business awards are fantastic for teaching you how to write about your business in a positive way. If you’re planning to ever [...]

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Warning! Business Sellers Are Liars?

“Business Seller Retiring – Priced to Move” While searching for an existing small business to buy, the novice entrepreneur will come across a few deals that seem almost too good to be true.  There are times when a family situation or a dodgy medical condition may require a quick sale at a below-market price, but [...]

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How To Buy a Security and Protection Business

We live in a world that is riddled with crime. You only have to pick up a newspaper or watch the first five seconds of the news to know that. However, as a result, there is a huge demand for all kinds of security and protection, and that demand comes from all walks of life [...]

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Business Opportunity Review: How to Review Business Opportunities

Tons of Business Opportunities After making the decision that you want to buy a business, what’s your next step?  There are literally thousands of small business opportunities out there for the prospective entrepreneur, and choosing the right one is probably the most important business decision you will ever make.  Just look at some of the [...]

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Why You Should Buy a Franchise

A Brief Explanation of Franchising The concept of franchising goes back more than a hundred years—some argue that the idea came about in the Middle Ages, or even earlier—but what exactly is a franchise?  I’m glad you asked!  At its most basic, a franchise is the right for someone (the franchisee) to sell a product [...]

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Buying a Franchise Business – How to Buy a Franchise

Buying a Franchise Business For anyone looking to own their own business, one of the best ways to do that involves buying a franchise.  There are many reasons to explore the world of franchise businesses, including a reduced risk factor (franchises have a higher success rate than starting a business from scratch), mass buying power [...]

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What Separates the Good Business Broker From the Bad?

Over the years, I’ve heard a million horror stories from business owners about their experiences with some of the “fly by night” business brokers out there.  It’s always the same names and it always makes me wonder, “How did you get hooked up with these people?  Why did you hire them?”  I mean, I’ve seen [...]

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Product / Service Recommendations, Support … More Than You Want to Know

“ He MySpaced me.” – Mary – He’s Just Not That Into You (2009)   Not long ago we read that back in the late 1800s when electricity was first demonstrated people fell to their knees in amazement.   The individuals who demonstrated it probably felt omnipotent. No one questioned or challenged them.   Today you’ve got [...]

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Business For Sale Contracts: Understanding Business For Sale Agreements

The Basic Business For Sale Agreement Whether you are buying a business or selling one, a certain number of legal papers are a necessary part of that transaction.  One of the most important is the Business For Sale contract.  While the exact form of this document may vary from state to state (or from country [...]

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Using Home Equity to Buy a Business

Financing Your Dream Business Prospective business buyers are always looking for innovative ways to come up with the money to start a company or acquire an existing one.  If you want to buy a business, your choices may be limited based upon what you own, what you owe, how good your credit rating is, and [...]

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How to Write a Business Plan

What is a Business Plan? Business plans are essentially resumes for companies.  They provide a description of what your business involves, how it hopes to operate, what level its earnings are expected to reach, and how soon those milestones will be met.  Anyone who wants to start a business must write a business plan, primarily [...]

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Michael Jackson: Icon & Entrepreneur To Be Remembered

Michael Jackson – Icon Beginning with his recent death at age 50, there has been enough Michael Jackson news out there to satisfy even the hardest core fan.  Without question he enjoyed an iconic presence in the world of popular music, stretching back to at least the 1980s.  More than one music expert has declared [...]

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8 Tips on Buying a Franchise With Your Spouse

Life Partner and Business Partner? Enjoying a solid, stable marriage can provide a terrific foundation for your financial future – owning a business together.  Many married couples are also co-owners of companies, and one of the easiest ways this is accomplished is through the purchase of a franchise.  You two have already figured out how [...]

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Top 10 Mistakes People Make When Buying a Franchise

Look Before You Leap Once you have decided to go into business for yourself, one option is to buy a franchise rather than start a company from scratch or purchase an ongoing operation from its current owner.  There are many benefits to buying a franchise, among them high brand recognition, a strong corporation backing you [...]

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