From the monthly archives: February 2010

We are pleased to present below all posts archived in 'February 2010'. If you still can't find what you are looking for, try using the search box.

Texas Economic Outlook from State Comptroller's Office

Updated February, 5, 2010 The Texas economy, the world’s 12th-largest, continues to fare better than those of many other states. But Texas felt the effects of the worldwide recession during 2009. According to the National Bureau of Economic Research, the U.S. economy peaked in December 2007 and entered recession. The Texas economy continued to grow through most of 2008, with employment peaking in October that year, then Texas joined the nation in losing jobs. During 2009, Texas’ gross state product (GSP) declined more slowly than the U.S. economy (-1.7 percent versus -2.5 percent.) Despite the state’s economy contracting in 2009, Texas’ relative economic advantage should continue as the state and U.S. economies turn around and expand again in 2010. Although job growth will continue to lag the renewed expansion of economic production, the Comptroller’s office estimates that the Texas’ GSP will grow by 2.6 percent during calendar 2010. The U.S. economy should grow ...

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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.