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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.
8 Tips on Buying a Franchise With Your SpouseLife 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 […] Top 10 Mistakes People Make When Buying a FranchiseLook 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 […] Part-Time Franchises for Work At Home MomsWhat is a Part-Time Franchise? Buying a franchise business is a great way to become an entrepreneur and help secure your financial future. Franchises are available in an amazing number of different industries and can appeal to people with all sorts of skills. Although most businesses require an owner’s full-time attention, there are plenty of […] Best Business to Buy for a Corporate DropoutLeaving the Corporate Rat Race Quite a few nine-to-fivers express an interest to buy a business – no more bosses looking over their shoulder and no more asking permission to take a day off for personal reasons. These days, however, people are just as likely to be pushed out of Corporate America as opposed to leaving […] Should I Use Seller Financing To Sell My Business?Know The Buyer One of the top commandments for anyone looking to sell a small business is to recognize where your prospective buyers will come from, and what will motivate them to acquire your company. Among all the things you can do to sweeten the deal and attract a wider selection of prospects, one of […] How to Buy a Long-Term Care Facility For SaleA long-term care facility is a medical facility that takes care of seniors and the disabled for the duration of their lives when they are no longer able to manage self-care. Many people know long-term care facilities as nursing homes, retirement homes, group homes and assisted living homes. The first consideration when you buy a […] What Happens After You Buy a Franchise?After the Paperwork Has Been Completed A fairly sizable check has changed hands and mountains of documents have been initialed and signed. You are now the proud owner of a franchise operation. It might be a retail store, a mobile business, or perhaps something you can do from home. Maybe it’s a restaurant, or a […] Buying a Franchise – The Importance of Due DiligenceWhat is Due Diligence? A legal term that has taken on extra-legal meaning over the last seventy years or so, due diligence was originally coined in reference to the U.S. Securities Act of 1933. Following the stock market crash in 1929, brokers were given some very specific steps to follow before being allowed to sell […] Most Popular Food Franchises“I’ve Got a Little List…” With apologies to Gilbert & Sullivan – the above quote is from their operetta, The Mikado – making a list of the top “this” or the best “that” is always a challenge. Strong opinions abound, and any attempt to compile the most popular food franchises across the United States is […] Franchises Are Turnkey Business OpportunitiesTurn the Key—Open the Door—Start Making Sales For people exploring the prospects of starting their own business, a strong argument for buying a franchise involves the “turnkey” aspect of things. While not every franchise business opportunity is a turnkey business opportunity—more about that below—every franchise has the potential for making a grand opening an easy […] Buy a Franchise or Start Your Own BusinessLiving the Self-Employment Dream Many people think about owning and running a business all their own, with no one to answer to but themselves. The two most common ways of achieving this dream involve starting your own business or buying a franchise. Each has pros and cons, and you must examine your personal preferences, business […] Is Franchising a Safer Path for Entrepreneurs?Business Start-Ups Are Risky According to statistics compiled by the SBA (Small Business Administration), a U.S. government agency responsible for, among other things, guaranteeing loans to owners of small businesses, somewhere around 33 percent of new ventures fail within their first two years. When deciding whether or not to start a business, an entrepreneur must […] How to Advertise a Business for Sale While Keeping the Sale ConfidentialSelling Your Business? Once you decide to sell your small business, the next step involves finding someone to buy it. When advertising a business for sale, the first inclination may be to broadcast the opportunity far and wide. Some owners even go so far as to put a sign in their window that reads, “This […] Franchise Financing: How to Find Financing to Buy a FranchiseTaking the Money Step There are many factors to consider when buying a franchise. You have to decide what industry to enter, what form of operation your franchise will take, and which brand to represent. No single decision is more important, however, than figuring out where the money comes from. Very few people have enough […] Five Secrets to Buying a Great Business in Uncertain TimesPlenty of Economic Challenges The Dow Jones Industrial Average continues to show erratic behavior and the unemployment picture remains bleak despite recent government intervention. In spite of disappointing economic news that never seems to end, there are still some terrific opportunities out there for entrepreneurs who want to buy an existing small business. Uncertain times […] How to Investigate a FranchiseLook Before You Leap – Or Buy a Franchise Once you have convinced yourself that a buying a franchise is in your future, you will want to do a great deal of investigating before signing on the dotted line and writing a big, fat check. There are a number of things to look for when […] How to Buy a Small Business for SaleWhat is a Small Business? Although the term is somewhat malleable depending upon where you live, a “small business” is generally considered to be one that is privately owned and operated—that is, not a public company listed on any sort of stock exchange—with fewer than 100 employees (or fewer than 50 in the European Union). […] Top 10 Pizza Franchises in 2009Pizza Franchise Review The pizza business includes both mom-and-pop establishments as well as some of the largest corporate players in the world of franchising. Because ingredients are relatively inexpensive and equipment is minimal – the most you need is a pizza oven, a clean workspace, and some well-trained pizza flippers – owning a pizza franchise […] Eight Tips on Writing a Business Plan for Your FranchiseDo I Need a Franchise Business Plan? Unless you have enough money to buy a franchise outright, including all the start-up costs and a nice safety net of cash to carry you through the lean times until your business is more firmly established – of course you need a business plan! Even if you’re independently […] How To Get Business From Social NetworkingSocial networking a.k.a. the likes of Twitter, Facebook, Ecademy, LinkedIn and so on have become the new marketing buzzwords. Everyone is interested in finding out about them and knowing how to use them to get business in through the door. So, if you’re interested and want to use them in your business, where should you […] |
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