I have always enjoyed playing all kinds of sports since I was little and was one of those kids who were good at most sports but great at none.  I was usually picked be on the team but when it came down to the last minutes of the game, I was not the one that the coach gave the ball too.   As I grow older I have had to shift from contact sports to more […] Continue Reading…

When negotiating your business sale price the discussion about a non-compete agreement will eventually happen.  A non-compete agreement is illegal in California but legal in most other states, so you will need to check your state laws when negotiating this.   Like most laws in California, there are two exceptions to the non-compete laws and that is between partnerships and when a business owners sells their company.  The law allows for a non-compete if the business owner sells […] Continue Reading…

Let’s start off by saying that there is “selling” your business and then there is “getting paid” for your business.  Right now business owners are having a hard time collecting money on a day to day basis and it’s no different when it comes to collecting on the sale of your business.   As I have said numerous times before it’s not the selling price of your business but your after-tax, cash collected, money you received, that defines […] Continue Reading…

As anyone who knows me would tell you, I’m not much for mixing business and emotions together, until it came to selling my business.  Don’t get me wrong, I do care about about my customers and employees but I personally have a tendency to get caught up in the goal/results more than the process.  For me it is not what you say but what you do that defines success.   Unfortunately that attitude sometimes comes into conflict when emotions […] Continue Reading…

We as entrepreneurs are typically mavericks, visionaries, leaders and self-motivated.  We have listened to our heart and passions more than our head before we decided to go out on our own.  People call us “risk takers” but I honestly I don’t think of myself as that.  For me, I think people working for others are risk takers, trusting someone else with their future and successes.  I want to be in control of my results, be held accountable to my decisions and look in the mirror to decide […] Continue Reading…