Category: Business Brokerage

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June 4, 2010

Does A Business Transfer To Children Make Sense?

By Joseph Eneldas

When the ownership of a business is transferred by its owner, who is often also the founder, several pitfalls need to be avoided to make the transfer successful. Approximately fifty percent of all business owners will sell their business in the next fifteen years, as recent statistics tell us. Only twenty-five percent of the business…

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October 23, 2009

The Eight Biggest Mistakes….

By Joseph Eneldas

Many people dream of owning a business. I was a teenager when I started my first business. Since then I have bought or started many businesses and helped others do the same. Here are some common mistakes I have witnessed or committed myself. Mistake #1 – Paying too much This results from the combination of…

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October 13, 2009

SBA Loan Development

By Joseph Eneldas

The Small Business Administration ended its 2009 fiscal year on Wednesday, marking the close of a tumultuous year of lending initiatives to keep banks’ doors open. Despite the efforts to revive the credit market, the SBA approved less than 45,000 loans, down 36% compared to last year and 56% from 2007. The loan volume reflects…

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October 6, 2009

Find the Right Company

By Joseph Eneldas

As briefly mentioned in our last newsletter, we have noticed a significant amount of “cash” sitting on the sidelines – buyers, who are ready to move due to the dissatisfactory investment returns obtained in this market. After all, what does a treasury bill really yield these days? We see this trend even further enhanced by…

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September 17, 2009

Plumbing for Joy? Be Your Own Boss

By Joseph Eneldas

By economic yardsticks, Roger the Plumber should be feeling pretty low. Roger Peugeot, owner of the 14-employee Overland Park, Kan., plumbing company that bears his name, is part of a sector hit hard by shrunken credit and slumping sales. He has been forced to reduce staff and is battling new competition from other plumbers fleeing…