The 4 Steps of Selling a Business
- August 9, 2016
Listen to the Episode Below: What does it take to get a small business ready for the big sale? Are your expectations on Planet Earth? How can you minimize the headaches at each stage so…
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November 3, 2014
People are getting smart about creating communities online. If you can get people to join, and you provide a benefit at a reasonable cost, chances are you’ll be on your way to building a nice annuity stream. The problem comes (as it does in other kinds of businesses) when the founders want to “sweeten the pot” by offering miniscule ownership interests in the company. I don’t recommend it, and I’ll explain why: Q.: My business sells memberships. There is a lifetime membership option available that is rather expensive, but I thought that if I included one share of the business in this option, it might make it more appealing. Can I include a share of the business in one of the membership types and is this legal? A.: This can be done legally, but you run into more complications than it’s worth. Not a great way to go. First, unless you have a locked-in, airtight plan to go public (or have a horde of dedicated followers to the “cause”), the dollar value of your one…
Continue ReadingListen to the Episode Below: What does it take to get a small business ready for the big sale? Are your expectations on Planet Earth? How can you minimize the headaches at each stage so…
Read MoreFrom Down Under, a piece from the Manly Daily (a reference to the location of the publication, not its masculinity) on business partnerships. Even across the globe, the same basic principles — and secrets to success…
Read MoreQ.: I have just received my DBA and I’m ready to begin my own business. I would like to clarify once for all if I can use (as I would like) my personal cash account…
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