GlobalBX Entrepreneur Business Articles - June 2012

Why Small Business Lending Is a Mess

After Ami Kassar was fired from his bankrupt company, Advanta, he founded MultiFunding.  MultiFunding helps small businesses get the best loans with the most favorable terms for their situations.  In his first post that appeared in The New York Times, he calls our attention to one of the factors why small business lending is a [...]

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Benihana Going Private in Buyout Deal

Publicly traded Benihana, known for teppanyaki cooking by chefs that dazzle diners with their knife-handling skills, is being acquired by Angelo, Gordon, and Co.’s.  The deal between this restaurant chain and the private equity group is still subject to regulations and approval of its shareholders.  Benihana has until July to consider other offers.  Analysts told [...]

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It Doesn’t Matter Where, How They Watch … Video is Video

“Um, he’s sick. My best friend’s sister’s boyfriend’s brother’s girlfriend heard from this guy who knows this kid who’s going with the girl who saw Ferris pass out at 31 Flavors last night. I guess it’s pretty serious.” – Simone, “Ferris Beuller’s Day Off,”Paramount (1986) Bet you’ve said (or heard it said), “Kids today have [...]

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Reality Strikes: The Staging Behind Bravo’s Million Dollar Listing

With a television audience topping one million, Bravo TV’s real-estate reality show “Million Dollar Listing” is showing the world what it takes to sell high-end homes in New York. Every Tuesday, viewers watch as three young brokers- Fredrik Eklund, Michael Lorber, and Ryan Serhant- sell multi-million dollar apartments and properties in some of America’s wealthiest [...]

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Five Business Trends For The Second Half Of 2012

Things are looking up for businesses these days. While the current forecast still has a long way toward improving to match the “glory days” of year’s past, America is showing signs toward further removing itself from the dark days of the recent recession that have impacted so many of our country’s businesses. And yes, the [...]

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The Best Marketing is Collective Leadership

“Today, still wanted by the government, they survive as soldiers of fortune. If you have a problem, if no one else can help, and if you can find them, maybe you can hire the A-Team.” – Narrator, “The A-Team,” Universal TV (1983) We sat through a recent DEMO Conference that bills itself as focusing on [...]

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Business Buyers – Why You Should Get a Business Valuation

 You want to start a business by buying an existing company.  After considering the pros and cons of the various businesses for sale on the market, you have narrowed down your choice to one business.  It is time to make an offer.  How much is the business for sale worth, and how do you do [...]

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Franchising Seen to Grow this Year

Things are looking up for the franchising business. The International Franchise Association has projected a growth of 1.7% in the number of franchise establishments this 2012. This will be the first increase since the economic recession in 2008. Scott Nishimura in his Star-Telegram.com article featured three couples who found their respective niches in buying franchises. [...]

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Exit Planning for Privately Owned Businesses … The Beat Goes On (and On and On)

We admit we’ve been writing about exit and estate planning issues a lot recently.  But we’re passionate about it and one of our goals is to keep this topic in front of you.  Here’s why:  Based on a recent IRS study of estate tax returns that were filed (meaning that at the time of death [...]

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SEO or PPC – Which is Best for Your Business?

It’s no secret that online marketing can be one of the most effect marketing tactics for small and start-up businesses. It has the ability to help you produce extremely low cost conversions while increasing your visibility and brand recognition. But when it comes to online marketing, how do you decide whether to use SEO, PPC, [...]

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Social Media is About More than Scrounging for Ad, Publicity ROI

“A good advertisement is one that sells the product without drawing attention to itself.” – David Ogilvy. Image Source – “Mad Men,” AMC Network Pulling $10M of ads out of Facebook was only chump change for GM (0.5% of their ad budget), but it was enough to scare Zuck into selling $100M+ of stock just [...]

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An Entrepreneur’s Guide to Get Family Support

In an article that appeared at YoungEntrepreneur.com, Adam Toren enumerated ten ways to win over the support of your family should you try your hand at entrepreneurship. He notes that most families find going into business a riskier endeavor than being an employee and receive regular paychecks. Explain to them your plans by showing them [...]

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Small Business Loans – Credit Unions vs. Banks in Congress

There is a pending legislative bill that will raise the lending cap of credit unions from the current mandated 12.25% of their total asset size to about 27%.  If approved, this will substantially benefit small business owners and improve the economy says Brian Martin of the Progressive Policy Institute.  Sen. Mark Udall, sponsor of the [...]

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Dunkin’ Donuts Plans to Double its Franchises in the U.S.

Dunkin’ Brands senior director of franchising Jeremy Vitaro spoke to Bret Thorn of Nation’s Restaurant News about the plan of the Dunkin’ Brands Group, Inc. to increase the number of its units in the U.S. by 100% in the next 20 years. The Dunkin’ Brands include Dunkin’ Donuts and Baskin-Robbins. For the Dunkin’ chain, they [...]

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Forza Coffee Offers In-House Financing to Franchisees

Forza Coffee Co. understands the difficulty for first-time business owners to get financing from traditional sources.  To help these new entrepreneurs and to achieve its franchise growth, it has put up an in-house financing arm.  BusinessExaminer.com says Forza is putting their money where their mouths are.  Rich Jennings, CEO and managing partner of Forza, says [...]

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5 Things to Remember When Setting Up an E-Commerce Business

The UK has one of the fatest growing E-Commerce markets in Europe and having a website makes your business instantly international – it’s entirely possible that your business and the products that you are offering may be more in demand outside of the UK than inside it. Here are the crucial things to think about [...]

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Using a Cell Phone as a Business Line? Follow These Three Tips

If you are a solo entrepreneur or home-based business owner, you’re undoubtedly looking for ways to keep expenses down, especially if you’re just getting started. One easy way to do this is to use your cell phone number as your business line. By using your cell phone for business purposes, you can avoid the costs [...]

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Expect the Unexpected When Buying a Business

After weeks to months of searching, you find the small business for sale that is right for you.  You feel it in your heart that this is your dream business.  You want to buy the business right away, making light of the due diligence process and ignoring the red flag warnings.  Remember that buying a [...]

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4 Tax Tips for the Self-Employed

There are over 21 million solo or one-person businesses in the United States according to the Census Bureau.  Being a “solopreneur” has its benefits as well as responsibilities.  The procedure of filing taxes, for one, is more complex than the simple one form process for an employee.  To avoid having tax problems, study the federal [...]

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Seattle’s Best Opens its First Drive-through Store in Northlake

Senior Vice President Jim McDermet told Chicago Tribune that after losing about 450 stores when Borders bookstores closed, Seattle’s Best Coffee paused to find out “what was the market opportunity not being met”.  Eight months of research revealed that about half of the U.S. population over 18 years is comprised of workers, the young and [...]

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