From the category archives: Certified Business Brokers News

Tips Tidbits & Trivia. History may repeat itself! Interesting tidbits that can help you buy better businesses.

Tip #12 - Buyers Will Not Pay For Future Efforts When Purchasing a Business

"My Business could be a Gold Mine for a New Owner!"

The statement, "With a little sales and marketing, a new owner could make a fortune with my business," has been heard over and over by prospective buyers. The question of course is, "Mr. Business Owner, why haven't you made that effort?" Buyers are not willing to pay the business owner for their future efforts and investment necessary to grow the business. Business owners must take those steps themselves, which would not only increase their revenues and profits, but would greatly improve the value of their business.

Fortune Small Business Puts Houston in Top 5 Places for Manufacturing

Fortune Small Business scoured the country for the 100 Best Towns To Live and Launch a Business for 2008, as published in April. They looked for towns that combine a great business environment with alluring leisure offerings. They looked at economic conditions such as local taxes rates alongside natural beauty and easy access to museums, and more. Of the 100 Best Places to Live and Launch, the four major cities in Texas were represented: Georgetown, a suburb of Austin (No. 2), Dallas / Fort Worth (No. 9), San Antonio (No. 34), Stafford, a suburb of Houston (No. 36) Fortune further spells out some of the benefits of the cities chosen. 7 tax-free havens Texas was selected as one of the best tax-free havens with business-friendly policies that can save a proprietor big bucks: Texas No personal income tax, low business gross receipts tax. Although petroleum refining is one of Texas' primary industries, the state's economy relies on a wide variety of fields, including manufacturing, agricu ...

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Houston From A Chicago Point Of View

I found this post by Chicago Addick interesting and comical as he describes the wonders of Houston from a Northerner's point of view. The writer seemed amused, amazed, appreciative, and condescending all at the same time: Houstonians spend more time in their cars than their homes and perhaps then understandably spend more money on their car loan repayments than their mortgages! Houston sprawls for over 600 miles and is connected by a spaghetti of freeways and highways. Two million people live in America's fourth biggest city that grew from wilderness to a booming economic centre. Only New York is home to more Fortune 500 company headquarters. In 1901, a year after displaced Texans from coastal Galveston moved inland to Houston following a deadly hurricane, oil was discovered at the Spindletop oil field near Beaumont. Much money was then invested in the ship canals and later into the formation of the Port of Houston, now the largest in foreign imports in the US, which includes nearly all European cars ...

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Driving While Being A Business Owner

I thought this story on was humorous and not surprising. While I am not pleading guilty, I am sure most fellow business owners will relate. I certainly hope we don't start getting profiled and arrested for driving while BBO. Survey Reveals Work Habits of Business Owners Anyone who's ever been irritated by an erratic driver take heed - it could be a small business owner. According to a new study, about half of U.S. small business managers admit to making business calls and checking e-mail while driving. For most of the managers surveyed by International Communications Research at the request of office supply giant Staples, the standard 40-hour work week doesn't apply. Nearly two-thirds of the 300 small business owners and executives surveyed said they work well beyond 40 hours per week. One in five, or 21 percent, work while eating dinner at least four to five times a week and 66 percent said they work after hours and at night. About 18 percent said they read work-related e- ...

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Texas Is No. 2 Place For Retiring Baby Boomers

Watch out, Florida! Texas has emerged as the No. 2 retirement mecca in the country. The Lone Star State has vaulted over Arizona and California and is gaining on the Sunshine State. The North Carolina Center for Creative Retirement, which is nationally known for tracking retirement migration trends, studied 2005 data from the U.S. Census Bureau on the number of Americans who move out of state to enjoy their golden years. "Older Americans who are looking to relocate upon retirement continue to move to sunny climes, but Texas has gained an edge over other Sun Belt states," said Bill Haas, the study's author. "Texas' lower living costs give it a distinct advantage." Texas' economy is among the better state economies in the country. In fact, Houston is No. 3 Business-Friendly City in the Nation. It has benefitted from the State's pro-growth policies, including no state income tax. Texas' natural attributes also appeal to boomers who plan to move when their first careers are over. Boomers are looking for war ...

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International Business Brokers Association - 45th Semi-Annual Conference This Week

The International Business Brokers Association is having its 45th Semi-Annual Conference this week, June 3 through June 9, at the Memphis Cook Convention Center in Memphis, Tennessee. The International Business Brokers Association® (IBBA®) is the largest international non-profit association operating exclusively for the benefit of people and firms engaged in the various aspects of business brokerage and mergers and acquisitions. Today, the IBBA has more than 1,800 cooperative business brokers and intermediaries across Canada, Mexico, Asia, Europe, Australia and the United States. The association represents professional, ethical and practice standards by which its members operate. This semi-annual event is seven days of professional development and top-notch education and networking. Educational and Workshop courses number close to 100 and include such topics as: Up-to-date legal and tax issues that impact business transfer transactions Analyzing and recasting financial statem ...

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