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GlobalBX Entrepreneur Blog | Business Blog
Helpful Information for Buying, Starting, Running, and Selling a Business
This is a valuable blog resource from expert authors contributing key information on how to buy and sell a business, start and run a business, write business plans, and much more. This is the ultimate resource for business strategies and motivation for all entrepreneurs.
An Entrepreneur’s Guide to Get Family SupportIn 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 […] Small Business Loans – Credit Unions vs. Banks in CongressThere 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 […] 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 […] Forza Coffee Offers In-House Financing to FranchiseesForza 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 […] 5 Things to Remember When Setting Up an E-Commerce BusinessThe 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 […] Using a Cell Phone as a Business Line? Follow These Three TipsIf 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 […] Expect the Unexpected When Buying a BusinessAfter 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 […] 4 Tax Tips for the Self-EmployedThere 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 […] Seattle’s Best Opens its First Drive-through Store in NorthlakeSenior 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 […] Customer Satisfaction – A Metric for SuccessRecently, at one of the customer service training seminars we now make available to community businesses, an attendee congratulated us for receiving the About.Com 2012 Reader’s Choice Award. He was looking for help in turning the employees at his organization toward the same award-winning customer service-oriented approach that set us apart in an industry both […] Beyond the Call, the Game, the Video; there is Work“He was tall, broad shoulders, and thin, really thin, like bony. He had this rad chopper, it was all flames and stuff. Oh, and his face was a skull and it was on fire. I know it sounds weird but it looked good on him. I mean, it was an edgy look but he totally […] Before You Buy That Small BusinessBuying a business entails some risks but these are less than when you start a new business. An existing business has the necessary equipment and inventory; customers; trained employees; and performance history. Before committing to buy a small business, consider the following. 1. Emerging Threat in the Location A small business for sale may be […] Franchisee Groups Support California Fair Franchising Bill – AB 2305California joins Vermont and Massachusetts in legislating fair franchise practices this year. Assemblyman Jared Huffman is the main sponsor of the Level Playing Field for Small Businesses Act or AB 2305. He says his bill aims to protect small businesses from “intentionally unfair practices” by franchisors and bankruptcies. The supporters of this legislation say that […] Sizzler Franchisee Discusses Chain’s GrowthAccording to Nation’s Restaurant News, Tony Lutfi has acquired five existing Sizzler restaurants and plans to build five more in California. Lutfi, chief executive and president of Marlu Investment Group, has over 70 restaurants. Among these are Jack in the Box, Church’s Chicken, Little Caesars outlets, and Arby’s restaurants. Sizzler is the latest addition. He […] Where Do Great Business Ideas Come From?We often think big businesses lack the fresh ideas, creativity and agility of the small and new businesses. Three huge companies – Procter & Gamble, Intuit and Google – prove this is not always true. P&G had its Clay Street, a unit composed of choice employees launched in 2004, to rehabilitate its Herbal Essences shampoo […] Franchising – Franchise Growth in 2012Franchising numbers are up this 2012. The 2012 Franchise Business Economic Outlook by IHS Global Insight, a forecasting and financial analysis firm, projects a 1.9% growth in the number of franchise establishments. This amounts to almost 14,000 new locations to the existing 735,751 units. About 170,000 jobs will also be created and this will help […] Winning Strategies for Immigrant EntrepreneursSarah Wayland, project manager of Winning Strategies for Immigrant Entrepreneurs, shared with The Globe and Mail her studies on the experiences of entrepreneurs who immigrated to Canada. She found them hungrier to succeed and more hard working. Despite their disadvantages as to language and culture, their willingness to succeed and business acumen have served them […] Entrepreneurship and Sourcing Business IdeasWhen it comes to creating a business venture, any future success is bound to have its origins in the initial concept. So long as the core business idea is well conceived and suited to the contemporary consumer market, it will be afforded every possible chance of long term success. The issue that faces most novice […] Making The Leap To Entrepreneurship – Start Your Own BusinessThere are many people who dream of owning their own business. Some even leave their jobs to be entrepreneurs. Karen E. Klein in her article at Businessweek.com explains the entrepreneur’s mindset as “entrepreneurs embrace risk and view it as opportunity”. If you are have this mindset and if you believe this is the life style […] Doing Business As … Does Your Business Need a DBA?The DBA (Doing Business As) protects consumers from unscrupulous business owners. A sole proprietorship, general partnership, corporation or LLC (limited liability company) may file a DBA. Nellie Akalp at SmallBizTrends.com discussed the salient points of the DBA – who needs to file, why it should be filed, and when to file it. Requirements for filing […] |
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