Journal

Jan 26

Upcoming Forsyth Tech Small Business Center Seminars for Business Owners

Journal entry by steve, Jan, 26 2017

Join Piedmont Business at the Forsyth Tech Small Business Center for our upcoming seminars for business owners, co-sponsored by the Winston-Salem Chamber of Commerce: Pricing Family Businesses – Wednesday, February 8, 2017, 2:30-3:30 p.m. https://www.ncsbc.net/workshop.aspx?ekey=210370047 Preparing a Business For Sale – Wednesday, March 8, 2017, 2:30-3:30 p.m. https://www.ncsbc.net/workshop.aspx?ekey=210370048 8 Things That Drive Company Value – […]

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Nov 08

5 Ways To Get Your Business To Run Without You

Journal entry by steve, Nov, 08 2016

Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you? A business not dependent on its owner is the ultimate asset to own. It allows you complete control […]

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Oct 19

Small Business Values – Have They Recovered?

Journal entry by steve, Oct, 19 2016

It’s no secret that the value of most businesses tanked during the Great Recession.  Many small business owners were not able to survive, losing not only their business but in many cases, a lifetime of savings.  Even those businesses that remained post-Recession tended to suffer several years of woeful Profit and Loss statements, making the […]

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Dec 18

Latest Statistics on Selling a Business

Journal entry by steve, Dec, 18 2015

The International Business Brokers Association and the M&A Source  recently published their 3Q Market Pulse Survey, a joint project with the support of the Pepperdine Capital Markets Project and the Pepperdine Graziadio School of Business and Management.  The latest survey includes statistics on selling a business from 192 business brokers and M&A advisors representing 20 […]

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Jul 15

Preparing to Sell Your Business – Step Eight: Identifying Likely Buyers

Journal entry by steve, Jul, 15 2015

  This series of articles examines the steps that a business owner should walk through in preparing for a business sale transaction. To request a copy of the full series to date, please contact michelle@piedmontbusiness.com.   Step Eight: Identifying Likely Buyers Beginning in 1995, eBay single-handedly flipped the market for sale of miscellaneous household junk […]

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Feb 12

Preparing to Sell Your Business – Step Seven: Improving Value Drivers

Journal entry by steve, Feb, 12 2015

  This series of articles examines the steps that a business owner should walk through in preparing for a business sale transaction. To request a copy of the full series to date, please contact michelle@piedmontbusiness.com.   Step Seven: Improving Value Drivers Most people expect sellers to value a business on the high end and buyers […]

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Jan 08

Preparing to Sell Your Business – Step Six: Dealing with Real Estate

Journal entry by steve, Jan, 08 2015

This series of articles examines the steps that a business owner should walk through in preparing for a business sale transaction. To request a copy of the full series to date, please contact michelle@piedmontbusiness.com.   Step Six:  Dealing with Real Estate For many business owners, owning the real estate from which the business operates and […]

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Dec 09

Preparing to Sell Your Business – Step Five: Answering the Hard Questions

Journal entry by steve, Dec, 09 2014

This series of articles examines the steps that a business owner should walk through in preparing for a business sale transaction. To request a copy of the full series to date, please contact michelle@piedmontbusiness.com.   Step Five:  Answering the Hard Questions We people do not like to answer hard questions, particularly if the truthful answer […]

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Oct 29

Preparing to Sell Your Business – Step Four: Managing Contracts and Liabilities

Journal entry by steve, Oct, 29 2014

This series of articles examines the steps that a business owner should walk through in preparing for a business sale transaction. To request a copy of the full series to date, please contact michelle@piedmontbusiness.com.   Step Four: Managing Contracts and Liabilities Several years ago I worked with a client who was buying a franchised business […]

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Sep 23

Preparing to Sell Your Business – Step Three: Addressing Key Employees

Journal entry by steve, Sep, 23 2014

This series of articles examines the steps that a business owner should walk through in preparing for a business sale transaction. To request a copy of the full series to date, please contact michelle@piedmontbusiness.com.   Step Three: Addressing Key Employees A number of years back I represented the owners of a business that was to […]

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