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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.
In Today’s Constantly Connected World, Parents Need to Keep Up“You see us as you want to see us… In the simplest terms, in the most convenient definitions. But what we found out is that each one of us is a brain…” – Brian Johnson. “The Breakfast Club,” Universal Pictures (1985) Looking back on growing up in prehistoric times – pre-DVR, dial-up internet – life […] Selling A Business Is Madness … March Madness That IsBy Ed Davis, CPA, CVA, Partner It’s March … the nation turns its attention to March Madness and the tournament of tournaments (full disclosure, die hard Terps fan and will watch the tournament without them this year; just wait til next year). So it’s in the spirit of the game that we write this month’s […] How to Avoid This Big Seller Mistake: Not Having Realistic Expectations in Selling Your FirmAs a professional business broker for the last 15 years, I have had the pleasure of visiting with hundreds of prospective business sellers. They have had one thing in common—the common thread is that they think their business to be worth more in a sale than it actually is. The real problem is that sellers […] How to Value Inventory when Buying a BusinessBuying a business can be a complicated process. There are many areas that may cause the failure of purchase negotiations or cause animosity between the seller and buyer. One such area is the valuation of the business. Determining the worth of a business is a crucial and critical aspect of the buying process. If you […] Why Key Employees QuitEach time an employee resigns, the company loses time, money and effort to replace him or her. Staff retention, particularly of the key employees, must be a major priority for a business. While some staff turnover could not be avoided and at times is necessary, a stream of departing employees has a negative impact on […] How to Use Online Marketing Tactics in Real EstateTimes are changing and if a real estate pro wants to be keep with them, he or she needs to change, too. Nowadays you can’t be successful in business, if you don’t employ online marketing tactics. Here are some tips how to use online marketing for success in real estate. 1. Create a Professional Site […] Clouds So Good Absolute Security, Protection are Unnecessary“If you let those people that own those joints have an inch, they’ll steal the whole state… It looks like they already got a leg up on it.” – Buford, “Walking Tall,” Bing Crosby Productions, 1973 Without much fanfare, NASA (National Aeronautics and Space Administration) recently turned the lights off on their last remaining mainframe […] Franchise Outlook For 2012Franchise opportunities are plenty so long as people have dreams that address other people’s needs. A unique product or special service could be a great concept for a successful business if only you can find a financial partner. Financing – that is where the difficulty lies. Lending institutions, particularly large banks, should extend more loans […] Yogurt Mountain Opens its 40th StoreYogurt Mountain opened its first store in 2009 and has since grown in 15 states. Its stores offer self-serve frozen-yogurt experience where customers can control their options and cost through its pay-by-the-ounce system. With over 50 available toppings that include fresh fruits, nuts, candies, sprinkles, cereals and various sauces, customers can enjoy fat-free or low-fat […] Dunkin’ Donuts Opens its 10,000th Store in ChinaChief Executive Officer Nigel Travis of Dunkin’ Brands Group, Inc. announced in December that the opening of a Dunkin’ Donuts café in Xi’an, China is the company’s 10,000th store globally. He told Businessweek.com of their plan to “grow faster internationally than domestically”. The company earlier announced it will also open in 500 locations in India […] Johnny Rockets to Open in IndonesiaIndonesians are set to welcome another American food experience with the opening of the first Johnny Rockets restaurant in Bali. Johnny Rockets serves hamburgers, sandwiches, salads, sides and shakes. The franchise owner is the Sahid Group through its subsidiary Riyanti Investama International. Sahid Group CEO Wiryanti Sukamdani says the new restaurant will open in April […] Popeyes CMO Lynch Promoted to Chief Global Brand OfficerRichard H. Lynch, Popeyes Louisiana Kitchen chief marketing officer, a division of AFC Enterprises, Inc., led the brand transformation that included a change in the company’s logo, advertising, messaging platform, and products. The chicken chain grew in the third quarter of 2011 because of these changes. Cheryl Bachelder, AFC Enterprises CEO, announced at QSR.com that […] Will Debt Restructuring Save Quiznos?Denver-based Quiznos is a national chain of quick-service restaurants that offer sandwiches, soups and salads using premium ingredients. The chain grew to nearly 5,000 stores but because of competition from Subway, about 1,500 of these stores closed. It ran into debt when its current owners, CCMP Capital Advisors LLC and Consumer Capital Partners, purchased Quiznos “in a […] Franchise Risks – The Wrong Way to Franchise SuccessMichael Seid at AllBusiness.com writes about the sad reality that federal and state regulatory agencies could not and do not tell prospective franchisees which are the good franchise investments and which are the bad ones. He says most states do not require franchisors to submit to their respective regulatory agencies disclosure documents. He wrote “The […] Business Loans Debate: Do Big Banks Lend Enough to Small Business?The Wall Street Journal got Ami Kassar, chief executive of MultiFunding LLC small-business loan advisors, and Marc Bernstein, executive vice president, Wells Fargo small business segment, to write about small business loans of big banks. Ami Kassar urges big banks to increase their lending to small businesses. He cites the FDIC (Federal Deposit Insurance Corporation) […] 7 Ways Your Business Can Benefit from Exhibiting at a Trade ShowTrade shows and exhibitions are a great way of getting your brand out there to the people you really want to notice it. But you need to know what you want before you go in order to get the most out of exhibiting. It’s an expensive business after all. You’ve got travel costs, the cost […] Private Equity Groups – Potential Buyers for Your Business?It’s February – the month of groundhogs, love and presidents. If you’re a business owner, you’ve probably got more on your mind, especially if you are a business owner who’s thinking about selling their business. Recently, we’ve discussed the different types of buyers we work with and how the buyer market has changed during the […] LinkedIn: Some Thoughts From a Long-Time UserThis past weekend I read a book excerpt in Fortune magazine entitled, The real way to build a social network. Reid Hoffman, the founder of LinkedIn, co-authored The Start-Up of You, the book from which the excerpt was taken. What got my attention in the first place was the opening: “Forget Dale Carnegie. He understood […] The Best Customer Service I’ve Ever SeenGreat teams of any sort are rarely great without great leadership. When I think of great team leaders, I think of Kristi Fox, Second Vice President of Group Client Relationships, at Minnesota Life, a Securian Company. The Client Relationship Department at Minnesota Life includes 24 associates who manage group life insurance relationships nationwide. Many of […] What Those Who Present to Male Audiences Can Learn From The NFL RedZone ChannelFirst, for those who don’t know what the NFL RedZone Channel is, let me explain. This is from their Web site http://redzonetv.nfl.com/about/. “NFL RedZone, produced by NFL Network, whips around every NFL game on Sunday afternoons delivering the touchdowns and most exciting moments as they happen and in high definition. When a team goes inside the 20-yard […] |
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