Entrepreneural Factoids
June 7th, 2008From a variety of sources, these are interesting (we think), sometimes surprising snippets from a variety of sources.
Property Management Owner Interview
June 2nd, 2008This fairly new property mangement business hit the ground running with clients the first week. The owner has extensive experience and background in property managment and has shared with us her insights on owning and managing this type of business.
Preparing Your New Mexico Business to Sell
May 22nd, 2008When you put your business on the market you enter into a new stage in your business life. In addition to daily obligations, you’ll be responding to requests for information on a variety of issues, such as financial statements, sales records, taxes and banking statements, leases, staffing and product information, etc. Devoting time to preparing your business for a sale will put you more in control as you go through the selling process, and potential buyers will be positively impressed when the flow of information is forthcoming in a timely manner.
Financing Ideas for Business Purchases
May 15th, 2008The following are some ideas for business purchase funds. These ideas can be combined to accomplish the goal: for instance, you might use a home equity loan for a down payment, combined with partial owner financing from the seller, combined with an SBA loan.
Basic Business Terms
May 14th, 2008We have chosen business terms that you are likely to encounter in the process of purchasing a business - if you’re not familiar with basic business terms, this will give you a head start in discussing financials and operations with your business broker and/or a prospective seller.
Buying a Business
May 14th, 2008Looking for a business to buy can be both exciting and daunting. According to Broker Service Network, 85% of all buyers purchase something other than the type of business they were initially interested in. So, should you pre-think anything or just take it as it comes? Whether you’ve been in business for yourself before or are just entering the entrepreneurial arena, it is a good idea to review specific lifestyle and skill-set questions to gain clarity about what you want and don’t want. The perfect business is rare – it is more common to find a business that fits some needs and skills, but not others. What criteria are so important that you are absolutely not willing to budge, and where are you willing to be flexible? We’ve developed a list of questions that we hope will be helpful in your quest for finding a business.
Owner Financing: Myths and Realities
May 13th, 2008The subject of sellers financing all or part of the sale of their business seems to consistently bring up stronger feelings than many other aspects of a business sale transaction We feel that owner financing has gotten a bad rap and deserves renewed consideration. Most of the stories we’ve heard of owner financing gone bad have been transactions where the standards put in place to assure a successful outcome were either non-existent or of low quality. For a fresh look at owner financing for your New Mexico business consider the following: