The headline on CNNMoney.com yesterday was “It’s a lousy time to sell your business.”  The article provided statistics and facts on why now is not a good time to sell your business.  Most of us business owners have figured this out but there are still personal situations where the business owner needs to leave their business right now.  My advice is to look at your Company more as a personal cash flow, […] Continue Reading…

Everyone knows it’s tough out there right now and business owners are feeling stressed out.   It’s particularly difficult on partnerships when two people have to work together. The stress at home and from the office start to boil over.  In the last two days I have been called in by financial planners to assist a business owner who is fed up with his business partner.  The stress of the cash flow, personal credit, work ethic, ego, pride, etc. is pushing business […] Continue Reading…

I had a business sale fall out of escrow today because the seller was not upfront with me or the buyer when it came to providing preliminary information.  In this situation, I’m representing the buyer and had a signed MOU (memo of understanding) with an agreed price and term.  The buyer started their diligence process and some interesting things came out.   It’s not that he lied about anything he provided, but he failed to mention some significant debt […] Continue Reading…

The concept of planning ahead is easier for some of us than others.   Some people like to plan and others are more “take it as it comes;” but both personality types can be successful in business.  The key to real success is knowing your strengths and weaknesses and learning how to adapt to them.  In my case, I’m more of a Type A, controlling and analytical person, who doesn’t “wing it” very often.  It’s not […] Continue Reading…

I had an epiphany today!  I know that may sound stupid, but I needed to share.  It reminded me of when I was a kid, and I saw my kindergarten teacher at the grocery store.   It was weird to see her because I never envisioned her as a person with a life, but rather only as my teacher.  When I saw her in the store it was so out of context that I was taken […] Continue Reading…