Entries from February 2010
By Richard Helling, The Principium Group
Breaking the news to your employees is one of the most difficult elements of selling your business. Many business owners wait until the very last minute to tell their employees, partly out of a concern for maintaining confidentiality and, often, due to dread of telling long-time employees.
There [...]
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Tags: Selling Your Business
One of the conversations we have with new clients or potential clients early on is to discuss the range of likely buyers for their business. We ask them for their insight and it is usually very helpful. We talk about all of the kinds of potential buyers – competitors, suppliers, customers, national companies, companies serving [...]
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Tags: Uncategorized
WASHINGTON – SBA issued the following statement today from Administrator Karen Mills regarding efforts to ensure continued funding for two key provisions in the American Reinvestment and Recovery Act (ARRA) of 2009:
“SBA’s most popular ARRA provisions – the increased guarantee and reduced fees in the two largest lending programs – have helped engineer a significant [...]
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Tags: News
From the Free Lance-Star, Fredericksburg, Virginia Fredericksburg.com
The Leyland cypress trees outside Diane and Ted Clark’s Fredericksburg home provided a nice privacy fence.
But the trees proved no match for the Feb. 5-6 storm, the second one this winter that dumped more than a foot of snow on the region.
The storm knocked down at least six [...]
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Tags: News
From USA Today Read it all here.
Don Poffenroth paged through a magazine on a flight several years ago when an article grabbed his attention: Entrepreneurs could use 401(k) savings to start a business without getting hit by taxes and early-withdrawal penalties.
He and a partner had drawn up plans for a gin, vodka and whiskey distillery [...]
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Tags: Industry Press
Excerpts of President Obama’s Comments in New Hampshire:
“… And we’re going to start where most new jobs start — with small businesses. These are the companies that begin in basements and garages when an entrepreneur takes a chance on his dream, or a worker decides it’s time she becomes her own boss. They’re companies like [...]
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Tags: News
Service businesses and restaurants lead the recovery as business-for-sale closed transaction prices return to levels not seen since mid-2008
San Francisco, CA – January 7, 2010 – According to today’s BizBuySell.com Insight Report, closed business-for-sale transactions declined by 28 percent in 2009, but a recovery that began mid-year continued to gain momentum in the Fourth [...]
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Tags: News