It can be difficult to determine which kinds of insurance is needed for a small business. Different types of insurance have confusingly similar names. Your state, town, or county may have its own insurance requirements and many industries have coverage specific to them. To assist in determining which kind of insurance a business should have, […]
“Companies to service cargo and vessels at the Port of Houston and along the Houston Ship Channel will be in high demand for the foreseeable future and will continue to provide impetus to our city’s economic vitality.” — Above is a quote from one of my posts earlier this month touting Houston Growth in International Trade […]
I recently posted a press release article citing the increased number of acquisition inquiries that business brokers in Houston are experiencing from business owners in foreign countries. It seems that Houston is not alone. The Center for an Urban Future, a New York City-based think tank, in a press release February 6, 2007, revealed a major […]
Why Should the Seller of a Small Business Consider Financing the Deal? One of the best ways to finance the acquisition of a business for a buyer is through the seller. The seller’s willingness to provide financing will be influenced by the buyer’s qualifications and by his or her own requirements such as tax considerations […]
Former Chairman of SCORE® Houston, a Nonprofit Organization, Takes Mission to Private Sector — the Small Business Marketplace HOUSTON, TX — (MARKET WIRE) — February 21, 2007 — After serving three years as Chair and Vice Chair of Houston Chapter of SCORE®, Thomas Pence, an expert in global trade and logistics, shifts back into the small business marketplace to […]
HOUSTON, TX (PRWEB) February 7, 2007 – As the prospects of political turmoil and economic instability develop in Latin America, Houston business brokers see increased inquiries about buying a business. Business Brokers in Houston, Texas, are noticing an increase in activity as some countries in Latin America experience political turmoil with leftist governments taking Office. The number of […]
Job and Population Growth Bode Well for Small Business in Houston as its Economy Expands A revised report issued on March 8, 2007 by the Texas Workforce Commission (TWC), says Houston’s job growth rate was a full percentage point higher than the initial estimate released seven weeks ago. Houston’s 4.2 percent job growth during 2006 is well above […]
When buying a business, both emotion and due diligence are elemental and essential. Here are 10 key matters to consider when you find that magical business for which you’ve been searching. It covers important points that are sometimes overlooked when your head is in the clouds during the emotional excitement of a deal. 1) Know that […]
Building a business is like running a marathon, not a 40-yard dash. It requires hard work, a well-conditioned work ethic, a high pain threshold,and taking measured steps one mile at a time. But remember to save some kick for the final stretch to the ultimate goal…….the exit. If you want top dollar for your business, you can’t […]
There are many factors that determine right-timing for selling your small business. The financial condition of the company, valuation, growth cycle, profit history, and the current market. But there is one single thing about timing that comes into play that makes all other factors make little difference….it is the business owner’s emotional readiness to […]
Ayn Rand’s John Galt could not have built a better machine than Houston’s sturdy economic engine of today. In her epic novel, “Atlas Shrugged,” published 50 years ago, manufacturing and transportation were Rand’s focal points in the plot to stop the engine of the world. She understood the importance of business growth, entrepreneurialism, and free […]
Should you be the architect of a new business and start from scratch, buy a new franchise, or buy an established existing business? Every year, thousands of people consider going into business for themselves and these are the three routes to get there. Each course has advantages and disadvantages that one should consider. Starting your […]
One of the most time consuming tasks performed by business brokers in the process of selling a business is filtering through the mass of inquiries and databases of registered buyers to find qualified prospects. So, why does it take such a considerable amount of time in the qualifying process? Some people may think the quantity […]
Do you buy the stock of the company or the assets? This is a very important decision. If a business is set up as a corporation, the owner may want to sell you the shares of the business. This is called a stock sale. Sellers like this type of deal because their profits get taxed […]
ed to the suburbs, employees then feel comfortable moving another half-hour beyond that into the exurban periphery. As long as employers stay in the core, sprawl has practical limits if employees want to maintain a reasonable commute. The second key factor is maximizing the number of people and jobs inside the opportunity zone. People have […]
Something interesting happened at the bank yesterday. Sadly, it wasn’t that I noticed an extra $100,000 in my account. I was at the teller window and the young guy next to me was probably in his mid twenties, with his little toddler in tow. He was inquiring about the best way to set up regular […]
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 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 […]
Investment groups and baby boomer corporate executives looking to get into action with companies of their own are making small businesses hot prospects these days. Buyers have money to spend and are turning more frequently to the local landscaping company or delivery company as good investments. There’s no question that Houston-area small businesses are becoming more frequent […]
Administaff Announces Results of Business Survey and Compensation Data HOUSTON–(BUSINESS WIRE) Nearly 86% of small business owners say their companies are either growing as predicted or at a faster pace than forecasted, according to a Business Confidence Survey released May 8, 2007 by Administaff, with Headquarters located in Houston and a leading provider of human resources services for […]
The Wall Street Journal had a quite long and comprehensive op-ed a couple of days agao titled “The Realignment of America” on demographic shifts since 2000. While getting the link, I also noted it has been one of the most popular – and the most emailed – stories that day at WSJ. The graphic is […]
We report on economic conditions and other issues that affect the Small Business Community and its future outlook. This survey is important because it is essentially an interview with the generations that hold, in their hands, the future impact of small business on our economy. The outlook is encouraging. Let’s preface the Survey with […]
The likely team of experts will consist of a business broker, an attorney, and an accountant. Once an owner has decided to sell the business, he or she needs to determine who will handle the process. Utilizing professionals to facilitate the process is key to successfully selling the business within the shortest time frame for the […]
When it comes time to sell your business, knowing how to enhance its value and planning ahead are key to doing it on your terms. Selling a business can be complicated and very time consuming. Since the average business sale transaction takes anywhere from four to 12 months business owners need to be in the […]
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. […]
According to the U.S. Bureau of Labor Statistics’ April 29, 2008 release, the Houston Metropolitan Area is still leading the nation in year over year job growth. The stats not only indicate Houston as the hottest job market, it highlights the fact that Texas’ other three major metro areas are dominating the job scene as well. Two […]
What would happen if all the baby-boomer business owners closed their businesses instead of selling them. The implications to our economy are alarming. It would bring about drastic changes to every sector of the U.S. landscape. But they are only a minute part of the picture. When a firm closes its doors, […]
HOUSTON, TX — May 2, 2008 — Certified Business Brokers’ M&A Group (CBB) announced the sale of a privately-held, multi-state non-destructive testing company with headquarters in Houston and regional offices in three other states in the U.S. to a multi-national strategic acquiror. The Houston-based non-destructive testing (NDT) company, which has been providing inspection services to […]
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 […]
The Houston metropolitan area ranked fourth in the nation for overall population growth between 2006 and 2007, according to new census data released last month. The increase is attributed to our job market and booming economy. We have full-occupancy in our Class A office space, and we have experienced the #1 job-growth rate in the […]
It’s all about supply and demand. Potential buyers and sources of capital for the acquisition of profitable privately-held companies is plentiful while the supply of businesses on the market is not. This makes a profitable, established business a hot commodity and in demand. Inc. Magazine spells it out in this month’s issue, “The Most Valuable […]
Certified Business Brokers (CBB) will host a breakfast Exit Strategy Seminar on April 10, 2008 in Houston’s Galleria Area. The seminar team will consist of CBB’s M&A Group, Merrill Lynch Wealth Management Advisors, as well as Tax, Legal, and Accounting professionals. The seminar will cover key issues surrounding the successful sale of a privately-held company: […]
Back in March 2007 I wrote an article touting Houston’s booming economy. In revisiting that article, while there is certainly economic turmoil on today’s national scene, Houston is still hot! The reason for this blog post is to share some of our current hands-on observations and experiences that keep us aware of the climate in Houston. […]
HOUSTON, TX — The Houston Chapter of the Texas Association of Business Brokers (TABB) announces their first monthly luncheon for the new year to be held February 27, 2008, featuring guest speaker Mr. William Sherrill as he presents Houston’s economic forecast for 2008. Mr. Sherrill, who has significant experience in such fields as real estate […]
Last Friday afternoon I was a guest on KSEV Radio AM 700 with host Aubrey Thoede and had the opportunity to discuss a subject that many call-in listeners wanted to learn more about….starting their own franchise. But buying a new franchise is not the best way to go about achieving the “American Dream.” Everyone reads […]