Clever people and grocers …
- July 8, 2018
As Seen In … … they weigh everything. ~ Zorba the Greek So do my clients when it comes to growing their business. Do I want more? they ask. Of course! they reply. There’s the mortgage.…
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June 10, 2015
Q: I’m in a situation where one owner is an active “sweat equity” owner; the other is inactive but provides financial capital. I’m the sweat-equity owner who has put in the hours and grown the business, while the other has been gone for months at a time. I am now in the process of trying to buy out my business partner. He put $20,000 into the business and I am trying to figure out where to start on coming up with a fair number to buy him out. He seems to think $32,000 is the number, although we are just barely starting to turn a profit. Any suggestions? A: Whether $32,000 is a fair number depends on a number of factors: Whether you have a partnership agreement that sets out the method for valuing a partner’s interest upon exit (If so, follow that.) How businesses in your industry tend to be valued–$32,000 may be fair for a product-based business if you’re on the upswing and your partner relinquishes all rights to develop similar products, but…
Continue ReadingAs Seen In … … they weigh everything. ~ Zorba the Greek So do my clients when it comes to growing their business. Do I want more? they ask. Of course! they reply. There’s the mortgage.…
Read MoreFrom the department of “Oh, why not just put a stake through my heart?” came an inquiry from a reader who’s working with her boyfriend in his business. Ugh. Need I say more? It goes…
Read MoreAre you acknowledging the toll this year has taken on you? Especially when it comes to running your business? That’s something I try to remind my consulting, creative, and independent service professional clients when they…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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