EXPAND A BUSINESS- SWEET SUCCESS WITH MARKETING MAKEOVER!

One of my apprentices purchased a small regional candy manufacturer. The company had some non-descript products that for the most part were similar to products of other larger candy manufacturers who enjoyed substantially more robust channels of distribution. One of their products was the texture of a gummy bear, the shape of a jelly bean [...]

11 SECRETS OF THE SUPER SUCCESSFUL ENTREPRENEUR

This blog item looks at one primal directive and ten skills that can elevate an entrepreneur to super success status. The primal directive: Pursue your passion Success in any business is very demanding. Many entrepreneurs spend 80 or more hours a week for years building a business. You’ve got to love what you do or [...]

BUY A BUSINESS – KEEPING SELLER’S CPA FROM KILLING THE DEAL

Accountant’s play a significant role in the acquisition of most businesses. You should not buy a business without a review of the books and records by a CPA. The benefits of their review will usually far outweigh the costs. Likewise, the seller’s CPA can play a very productive role or they can kill your deal. [...]

BUSINESS SUCCESS - THE ROAD TO GREATNESS

Above is an eight minute video blog that I believe can elevate forever the way you see yourself. Equally important, it provides you with a pathway to an unimaginable level of business success. Below is the text of a key portion of the video blog. It's the set of instructions that can propel you from [...]

BUY A BUSINESS WITH LITTLE OR NO ATTORNEY FEES

A question often asked by entrepreneurs is: How much does it cost in legal expenses to complete the acquisition of a company?” A better question would be: "How do I get the services of a top attorney without emptying my pocketbook?" I'll answer both questions here. In the many transactions that I’ve participated in during [...]

START A BUSINESS - BREAKING THE BANK LOAN 2 YEAR BARRIER

A good bank lending officer can be an entrepreneur's most important ally. Yet most fledgling entrepreneurs have unrealistic expectations of their banker. Expect your banker to play it by “the book.” “The book” divides your business entity's history into two segments: 1) before two years of successful operation; and 2) after. To the uninitiated, dealing [...]

EXPAND A BUSINESS – GETTING THE EDGE ON YOUR COMPETITION

Cultivate relationships with early stage financing sources, even if you don’t need their money. Angels - Capital Finders - Venture Capitalist - Even if you never raise a dime from any of these sources, as an emerging entrepreneur they are worth, to you, their weight in GOLD. In fact, they have something more valuable to [...]

START A BUSINESS, BUY A BUSINESS WITH YOUR PENSION OR 401(k)

Some entrepreneurs are financing a business start-up or business purchase by taking an early distribution from their pension plan or 401(k). However savvy entrepreneurs are doing a rollover of their pension plan into a self-directed 401(k) and end up with almost twice the amount of after tax cash to invest in their business. Here's how [...]

START A BUSINESS WITH NO CASH - OUTSOURCE EVERYTHING

Most people believe they need a mountain of cash to start a business. Not true. You can start your own business with little or no cash of your own. How? Go virtual. That means outsource everything. Here's an example of how it works and how you can do it for yourself. Someone called me a [...]

USE SWEAT CAPITAL TO START OR BUY A BUSINESS WITH NO CASH

Here is a great example of how to be self-employed by using "Sweat Capital" or "Sweat Equity" to quickly propel yourself into ownership of your own successful business with no cash. Several years ago I was visiting a friend when his 34 year old wanna be self-employed son also stopped by to visit. Let’s call [...]