There have been many surveys taken in an attempt to answer this question. Most surveys reveal the same responses, in almost the same identical order of priority. Here are the results of a typical survey, listed in order of importance: 1. To do my own thing, control my own destiny. 2. Don't want to work for someone else. 3. To better utilize my skills and abilities. 4. To make money. *It is interesting to note that money is not at the top of the list, but comes in fourth. … [Read more...]
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Why should I buy a business rather than start one?
January 10, 2012 By
An existing business has a track record. The failure rate in small business is largely in the start-up phase. The existing business has demonstrated that there is a need for that product or service in a particular locale. Financial records are available along with other information on the business for sale. Most sellers will stay and train a new owner and most will also supply financing. Finding someone who will teach you the intricacies of running a business and who is also willing to finance the sale can make all the difference. … [Read more...]
January 10, 2012 By
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Would recommend to anyone!
January 10, 2012 By
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cras sit amet sapien ac sapien venenatis ultricies commodo et odio. Mauris commodo, dui id adipiscing euismod, arcu quam eleifend nibh, facilisis faucibus ante est eu turpis. Duis vel eros et leo ultricies consectetur. Phasellus in lectus eget nibh accumsan mattis. Quisque sed eros non neque egestas aliquam ac sed tellus. Nam porttitor scelerisque libero, sed elementum velit pretium sed. Aliquam erat volutpat. In hac habitasse platea dictumst. … [Read more...]
A Buyer's Quandary
January 3, 2012 By
Statistics reveal that out of about 15 would-be business buyers, only one will actually buy a business. It is important that potential sellers be knowledgeable on what buyers go through to actually become business owners. This is especially true for those who have started their own business or have forgotten what they went thorough prior to buying their business. If a prospective business buyer is employed, he or she has to make the decision to leave that job and go into business for and by himself. There is also the financial commitment necessary to actually invest in a business and any subsequent loans that are a result of the purchase. The new owner will likely need to execute a lease or assume an existing one, which is another financial commitment. These financial obligations are almost always guaranteed personally by the new owner. The prospective business owner must also be willing to make that "leap of faith" that is so necessary to becoming a business owner. There is also the … [Read more...]
January 6, 2010 By
Business Team, Business Sales and Acquisitions acknowledges Matt Coletta as the Business Team SoCal Broker of the Year and Top Producer of the year and #2 in overall production company wide for 2009. What will the expiration of the current Capital Gains Tax coming in December 2010 mean to you if you sell your Business? Monty Walker, a Business Transaction Specialist explains. Click on the link below to read this informative article. A One Minute Structuring and Tax Solution - Federal Capital Gain Tax Rates - Where are they headed? … [Read more...]
January 1, 2010 By
Business Team, Business Sales and Acquisitions acknowledges Matt Coletta as the Business Team SoCal Broker of the Year and Top 5 Producer of the year company wide for 2008, 2009, 2010 and 2011. Matt Coletta has be quoted in several publications including The San Fernando Valley Business Journal, Los Angeles Times and Southern California Professionals. Link to article: http://www.socalprofessional.com/2012/02/selling-a-business-in-a-tight-economy/ … [Read more...]
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