After starting four restaurants over the past years, Geri Wyatt has earned the designation "Successful Serial Restauranteur" by Small Business Coach & Associates. With the support and assistance from her husband Frazier, she took the step of faith and became a business owner in the Upstate in the 1980's. She has never looked back.
Although most business owners look at their profit and loss statement to determine their level of success, the real measure of success is the business value. This is the "net worth" of your business. Do you know the value of your business and do you check the value annually?
Between 50% and 75% of business owners are expected to exit their business over the next ten years. Are you in that group? Here is a top ten list of how to thrive and sell your business for top dollar.
What are some important considerations to buying the right business. In my opinion, business success boils down to whether you enjoy it enough to stay with it. This article explains an approach to find one that you will love.
In February I wrote about some successes we have recently seen with business owners who have added significant dollars to cash flow. In this article I continue their stories of results they are experiencing.
These difficult economic times are causing many business owners to rethink their strategies, lower expenses, and to get more creative in doing things better. These challenges have also caused many business owners to open their minds to the idea of working with a business coach. As a result of getting help, the business owners that we are working with are experiencing more cash flow and they are growing their businesses.
If you have done a good job of building a successful business, one day you should be able to sell it for a considerable sum of money. You have developed considerable "sweat equity" by working hard for your income.
It is wise to develop an "exit strategy." Actually you should have an exit strategy the first day you are in business. Private Equity Groups will not make an investment in a business until they know how they are going to exit the business.
What does Bonanza, grandma's car, and the Ritz Carlton have in common? They are all a part of my business story. I hope you enjoy it!
Challenging times have caused most business owners to "tighten their belts." These difficulties have caused many owners to open their minds to the idea of working with a business coach. As a result of getting help, the owners that we are working with are experiencing more money in their pockets and growing sales.
Margaret Collier started a successful art framing gallery in 1992 and provided a good income for her family prior to selling it in 2007. She credits her success to service quality and relationships.
A year ago small business sales relied on signage and visibility to attract new business. To be sure, your business signage and the outside marketing tools employed are still pretty important. But, the world has changed and you must too!