From the monthly archives: June 2008

We are pleased to present below all posts archived in 'June 2008'. If you still can't find what you are looking for, try using the search box.

Houston, Keep Your Seatbelts Buckled As Our Economy Takes Off

Despite a sluggish economy in the U.S., Houston is still displaying its buccaneering spirit. While the oil boom is a large part of the Bayou City's good fortune, it is not the only gusher pouring out prosperity. A diversified business base is the fuel that powers Houston's shining-star status. Newsweek published an article this weekend titled, Houston, We Have No Problems, that every advocate of Houston would want to read. It addresses the varying aspects of what makes our city so hot, and it wasn't talking about our summer heat. Houston's cash registers are ringing with big ticket items, construction crews are fully employed, and upscale restaurants are cooking. We are experiencing an unsinkable residential real estate market, Class A office space is virtually full, and a variety of construction projects are underway to keep up with demand. The article also purports that pessimists here are as rare as Birkenstock sandals and Obama '08 stickers in ExxonMobil's parking garage. The article inform ...

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Houston History Quote

And the city is still building—it’s not finished yet.
Houston is a young city—compared to most others its size. It’s a young city in the median age of its population—still in the 30s. But Houston does have its history, its traditions, its heritage—and Houstonians are proud of this and do not forget their city’s glorious past.

Time is the Killer of Most Deals

Keeping the Process Moving and Keeping the Deal on Track helps Seal the Pact.

Many factors can bog down the sale of a business. In fact, more than purchase price or structure, time is the most likely reason that a business sale may fail.

Time can breed frustration and fatigue. As a potential sale drags on, the owner is left in an uncomfortable state of flux. The buyer may also become frustrated as fees mount. The deal can reach the point when one party declares…“It just wasn’t meant to be.”

National figures indicate that the average business sells in nine to 12 months from start to close. Once a letter of intent (LOI) has been signed, the final due diligence and closing process usually takes 30 to 90 days.

So how do you keep the sales process moving forward?

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Indo-American Chamber of Commerce Presents Small Business Success Series

The Indo-American Chamber of Commerce of Greater Houston (IACCGH), as part of their Small Business Success Series, will be hosting a moderated dinner event at Bombay Brasserie Restaurant in Houston, Texas, on June 24, 2008. Tara Energy, headquartered in Houston and one of the largest independent retail electricity providers in Texas, is sponsoring the event. Frank Stabler, CEO of Certified Business Brokers (CBB), has been invited to serve as a distinguished panelist for the event to answer questions on the following topics: How To Sell Your Business How To Buy An Existing Business How To Finance Your Business and other related questions from guests and attendees Since 1999 the IACCGH has been a powerful advocate and important resource for businesses looking to capitalize on the tremendous opportunities presented through international trade. This organization has made a significant impact on the rich, diverse and prosperous Houston economy. For more information about this e ...

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Buying a Business is Competitive in Today's Market

Buying a business in today's economic climate requires that buyers be on the ball. The current economic climate, as far as business acquisitions are concerned, is a sellers market.With corporate downsizing, economic downturn and other factors, there are a lot of very knowledgeable buyers out there looking for one of the very few good business to buy. This means that you, as a buyer have a lot of competition. Consequently, you need to be well prepared. Depending on the type and size of acquisition being sought, it can take anywhere from three months to three years to find the right business. The DecisionThe first step is deciding to buy a business. Once you have made this decision and you are definite and firm about the fact that you are definitely buying a business, the process has started.The second step is to decide what kind of business. What are the criteria for this business you are looking to buy? Don't make a wish list or what would be nice. Make a list of what is important. For example, if your sta ...

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