Focusing on the finish line of a transportation business sale is a fine ambition. However, developing tunnel vision in the process will only hurt the transaction. The minutia of finances, paperwork and loads of stress may overwhelm an individual to distraction. Sacrificing a positive post sale transition just to end the deal will cost the business. Unexpected taxes and drawn out new owner discussions may have some running for the door but these unpleasant circumstances are avoidable. Planning for a positive post sale transition throughout the transaction will allow the seller a graceful and successful departure. [Read more…] about The Positive Post Sale Transition
The process of selling a transportation business is often a long, with many confusing aspects. Transportation businesses are a unique niche in the business world resulting in a tough market. Perhaps one of the most difficult aspects to any deal is the emotions involved. A business owner’s connection to the business can be personal, making it difficult to sell without some remorse. This is often the largest financial transaction a person will go through in life, that intimidating thought makes some back away. This hesitation prevents a business owner from realizing what they, and there business, deserves in the future. Allowing seller’s remorse to negatively affect the sale is a common, easily avoided, mistake. Spencer Tenney of the Tenney Group has some advice for beating seller’s remorse. [Read more…] about Preventing Seller’s Remorse
Sometimes, all it takes to be successful is a little effort in advertising and promotional material. If you have a business, such as a pizza shop, that is run by your family, you know how difficult it is to go against big name competitors, like Domino’s and Pizza Hut. You can have a fighting chance and even surpass those competitors, though, but you’ll have to do some things first to achieve this. [Read more…] about Tricks for Pushing a Small Business Toward Success
Very often, people will make mistakes when selling their business that can ultimately be detrimental to a sale. By avoiding these mistakes, you increase your chances of closing a profitable sale successfully. One mistake to avoid is neglecting minor issues. Every business has problems, and not every problem can be solved. However, if there is something in your business that you know can be fixed, do your best to fix it before you sell. [Read more…] about Mistakes to Avoid When Selling Your Business
Many buyers worry that their business’s debt will keep it from selling, but this is usually not the case. Because you have so much invested in your business, the struggles your business is facing are probably your only focus. You probably no longer see the positive aspects of your business because debt is obscuring your vision. [Read more…] about Can I Sell My Business if Debts are Greater Than Profits?
So I’m in the kitchen, with my arms buried in a bowl full of pizza dough when the red light begins to flash in my mind. Sometimes that can be scary – very scary, believe me! I’ve got piles and piles of recipe cards everywhere and books and books of recipes. I’ve tried neatly organizing the cards into a holder but somehow, after a busy morning of stressful baking in an attempt to get things ready for company, my recipe organization degenerates back into the typical disordered pile.
The spark that lit the blinking red brain light is yet another creative way to put USB flash drives to use. This time, it’s
1) Scanning all the recipe cards into pdf images and then loading them onto a folder on a flash drive or
2) Developing a custom template and manually entering all the info from each card into the template and then loading onto the drive (might be hard now, but not so bad if I do it as my neighbors and friends and folks from church gradually give me recipe cards down the road) or
3) Starting my own home business with the custom templates (from #2) and preloading a 2 gigabyte flash drive full of recipes AND cooking tips AND even some brief video clips (why not? plenty of storage space–even more if it was 4 Gb or even 8 Gb).
In fact, dreaming some more of my recipe business, I’d launch a new website (with a dedicated blog, of course) and offer the flash drives (wait! maybe a whole series of drives – there would be a monthly series that people could subscribe to; you know, get a drive in the mail each month) as well as more video clips on the site. Maybe it could even turn into a full fledged cooking show. Wow!
And, I’m almost missing the entire point of these USB drives: They’re not just plain ol’ boring “I bought these at Walmart” simple plastic sticks. No, I’d have these bulk flash drives custom designed (maybe a miniature wooden stirring spoon for one month and a measuring teaspoon the next) with my branding pleasantly burned right across the top. Every time a lady would walk into one of my customer’s kitchens, she’d be sure to stumble upon one of my subtle marketing pieces (er, spoons). Not only would she just have to pick it up, but she’d carefully examine it and notice my custom lasered logo shining forth on the flash drive.
Oops! My pizza dough is starting to toughen. I’d better get back to kneading it so we’ll be able to have something yummy for dinner tonight (to go with our Apple Crisp for dessert, of course!). And, for those of you loyal readers who are also having that red light bulb begin to flash in your creative brains, here’s a most valuable tip: don’t just go to any ol’ custom flash drive dealer when it’s time to put that business plan into action. Check out the family run flash drive company first! CFgear.com will work miracles for you.