From the monthly archives: October 2007

We are pleased to present below all posts archived in 'October 2007'. If you still can't find what you are looking for, try using the search box.

Why Some Businesses Don't Sell

What are the odds of your business actually selling once you have made the decision to sell? Well, national statistics indicate that the odds of your business selling are only 25 to 30 percent. What does this mean? To put it bluntly: if you are thinking of selling your business, you have, on an average, about a one in three chance of it actually selling. This obviously begs the question: Why are the odds so poor? One would think that if you put your business on the market, it should sell in a reasonable length of time. Here are some reasons why some businesses don't sell.  The business asking price is too high. A buyer must be able to make a livable wage, make loan payments on the debt incurred from the purchase, and make a reasonable return on the investment. Lending institutions address these very same issues when analyzing the financeability a business acquistion. The economics of the deal are not doable, and the seller is unwilling to negotiate on the terms of the deal str ...

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Houston Logistics Industry Is Top Rated In The Nation

Houston, Texas -among the elite in the logistics industry in the US and receives five stars in seven of the 10 major logistics categories. In their seventh annual study released this month, Expansion Management and Logistics Today magazines identifies the metro areas that can provide manufacturing companies with the strongest and most robust logistics infrastructure. For the past seven years, Expansion Management and Logistics Today magazines have partnered to produce what they call their annual Logistics Quotient™ ranking of the most logistics-friendly cities in the United States. As in years past, the study takes a look at the 362 metropolitan statistical areas (MSA) established by the Office of Management and Budget and compares them according to 10 major categories: the overall transportation & warehousing industry climate, work force/labor costs/availability/skill levels; road/highway basic infrastructure; road density and congestion; road and bridge conditions; interstate highway acce ...

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Sell Your Business Faster - Prequalify it for Bank Financing

Business Owners Should Prequalify Their Business For Potential Buyers Before Putting It On the Market. Whenever we advise our business-owner clients this, they look at us sideways wondering if we have lost our minds! They usually reply, "isn't it the buyers responsibility to get prequalified and get financing for the purchase of my business?" Nothing could be further from the truth. It makes good sense for business owners to have their business financial records, tax returns, deal structure, and price reviewed by lending institutions before marketing the business to prospective buyers for several reasons. 1. Based on the financials and tax returns from the previous three years you need to know if your business is eligible for potential buyers to get a loan to buy your business. If you know that your business is not eligible for financing, then you know that the deal structure for selling your business will be very different without bank financing involved. 2. You also won't waste time with buyer ...

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Small Business Loans Hit Record Breaking Levels in 2007

The U.S. Small Business Administration posted record-breaking loan numbers again in FY 2007, expanding access to capital to thousands of entrepreneurs across America and setting records for both the combined number and dollar volume of loans, according to their News Release today.SBA approved 110,275 loans totaling more than $20.6 billion under its two primary small business loan programs during the 12 months ending on Sept.30 2007, compared with 107,233 loans worth $20.25 billion in 2006. With the strong results in 2007, the combined outstanding loan balances in the 7(a) and 504 loan programs increased 6.5 percent to $66.7 billion. The total does not include an additional $2.65 billion in venture capital funding provided by SBA-licensed Small Business Investment Companies to more than 2,000 small businesses.The SBA plays an increasingly vital role in enabling small businesses across the country to get the capital they need to buy and grow their businesses, create jobs and build their communities. Although SB ...

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