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Entries in down economy (8)

Thursday
22Oct2009

How Much is my Business Worth?

DateThursday, October 22, 2009 at 10:43AM

The California Association of Business Brokers (CABB- a non profit trade organization) says if a small business owner is looking to sell their business but is waiting for the economy to turn around, use this time to start preparing. One of the most vital steps in this process is to understand what the business is worth.

Ron Hottes, president of CABB and of several Business Team Business Brokerages says that a business broker’s opinion of value can provide small business owners with an objective view of what a business is worth and is an important piece in determining the asking price. “A business broker’s opinion of value gives you a realistic starting point to work from and can give small business owners direction when determining the right time to sell.”

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AuthorBusinessesForSale.com Staff | Comment3 Comments |
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Friday
14Aug2009

Small Business Valuation - Selling in Low Markets

DateFriday, August 14, 2009 at 9:02AM

From The Wall Street Journal: Selling when business valuations are low

Investors weren't the only losers when the stock market crashed last September. Business owners also watched their company valuations plummet.

Timothy Butler, the president and chief executive of Tego, an RFID chip maker in Waltham, Mass., saw his firm's value fall quickly with the market's downturn. Moreover, the recession spooked venture investors. Before the crash, Butler had expected to land investment funds in the range of $1.5 million to $2 million. Instead, he says his firm wound up with just a third of that amount in its coffers.

"It was a very difficult time," Butler says. "We reduced salaries temporarily. We had to cut certain projects and renegotiate the timing and paying of creditors. And we had to rewrite our business plan to recognize current realities."

Read the full article here.

AuthorBusinessesForSale.com Staff | CommentPost a Comment |
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Thursday
16Jul2009

Business Valuation - Auto Dealerships

DateThursday, July 16, 2009 at 12:18PM

From Forbes: How to value an auto dealership

The global recession and credit crunch have been devastating for the U.S. auto industry. Just a few years ago, automakers moved 14 million to 15 million vehicles a year; now that number is an anemic 9.5 million, roughly the same as in the early 1980s. Result: major job losses in Detroit, government invention and a massive rationalizing of the supply chain.

Auto dealers collectively pull in $400 billion in revenue - making autos still the largest retail sector in the U.S - but that pile is getting smaller. According to IBIS World, the number of auto dealerships is expected to contract by 19%, to 17,582, this year vs. 2008.

Read the full article here.

AuthorBusinessesForSale.com Staff | CommentPost a Comment |
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Thursday
09Jul2009

Small Business Loans

DateThursday, July 9, 2009 at 7:00AM

From CNNMoney: Emergency small business loans to the rescue

Struggling small businesses are to get a shot at debt relief this week, through a long-anticipated emergency loans program.

The Small Business Administration says that in the first week of the program, which kicked off last Monday, lenders approved 72 loans totaling $2.4 million. While the SBA is pleased with the numbers, business owners who have been waiting months for the loans remain discouraged.

The program, called America's Recovery Capital (ARC), was authorized in February's stimulus bill. Businesses are eligible to apply for a loan worth up to $35,000 to cover existing debt if they have been profitable in one of the past two years, and have been adversely impacted by the recession.

Read the full article here.

AuthorBusinessesForSale.com Staff | Comment2 Comments |
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Monday
06Jul2009

Selling a Business - Understanding your Reasons

DateMonday, July 6, 2009 at 7:00AM

From Mary Kurek Visibility Consulting: Selling a Business? Know what you're selling.

Lately, I've found myself coaching professionals and business owners on making transitions with their businesses. Some are considering making a total leap from business management to employment, others are working toward selling a business. These are challenging scenarios that require clarity to make proper decisions.

Anytime you are contemplating a decision to leave one entity for another, there are reasons. While there are probably several, there is generally one over-riding issue...and while the economy may point to the money, that may truly not be the underlying issue. Know the big thing that is prompting the new thought process.

Read the full article here.

AuthorBusinessesForSale.com Staff | CommentPost a Comment |
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