Blog
Gordon blogs only when he sees a need either among our members or within a business transaction in which he is personally engaged. Content rich and highly insightful, Gordon's blogs are like an advanced course in business success.
Below are 27 factors that comprise an algorithm which National Diversified Funding Corporation uses to calculate the purchase price (valuation) of Amazon storefront type companies for sale. Why are these 27 factors important? It's not enough to say Amazon storefront companies are valued at four or five times EBITDA (Earnings Before Interest Taxes Depreciation and…
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There is a chasm between the ways wealth was created in the 20th versus the 21st Century. In the 20th, it was essentially invention of devices followed by well managed traditional assets, (real estate, plants, machinery, equipment etc.) leveraging large labor forces. In the 21st, it is development and management of intellectual property leveraged through…
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Just because the cards are all stacked against you doesn’t mean you can’t prosper. In the US on a student visa from Ghana, Zak Senanu could not be legally employed. Zak found himself in dire need of more money for college and living expenses, but didn’t want to do anything illegal. Zak tripped…
Read MoreWho is your customer? What is their income level? Age? Gender? Family status? Race? National origin? Industry & Occupation? How many and where do they live? Trends over time? These are just some of the elements that form the basis of evaluating the marketplace you intend to master. When starting, buying or expanding any business,…
Read MoreSo your business failed. You have no income. Every dollar you had was invested in your business and it’s gone. Maybe you have bill collectors calling night and day and eviction from your residence is only weeks or even days away. Your brain and emotions are beyond fried. You have no money, no prospects and…
Read MoreOne 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…
Read MoreThis 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…
Read MoreAccountant’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.…
Read MoreA 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…
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