Sunday, December 10, 2017

Can a person with bad credit get a loan? -How To Buy a Business.



Can a person or business get a loan if they have bad credit?

This week I take a look at a question posed on Quora.com about how a person with a poor credit score can get a loan.

The ensuing discussion is about the 5 C’s of lending and they apply equally to personal and business borrowing.  Do you know what the 5 C’s are?

If you think you’ll need a loan one day or if you’ve read my book Invest Local and you want to become a lender then I think you’ll enjoy this one.

Improve your character now by watching the video here: https://youtu.be/UQ4yhKBVnzI



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

Join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at www.BusinessBuyerAdvantage.com Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.  While you’re there… download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)


Thank you and I’ll see you next time.

Sunday, December 3, 2017

How and Why can a shareholder's ownership become watered-down? Share Dilution



Remember that scene in The Social Network when one of Mark Zuckerberg’s original partners found out that the shares that were once like 30% of FaceBook had suddenly become like 2% of FaceBook?  How does that happen?

In the movie, Zuckerberg is made to look like an opportunist who took advantage of his former partner.  In many businesses, dilution of an ownership position happens by design and with purpose.
In fact, all the greatest companies you know have had shareholders dilute their positions over time to facilitate the incoming capital that they needed to grow. 

This week I answer a question about how share dilution can happen in a small business and why it can be something that the founding shareholders may wish to happen.  It’s a follow up question to the video I did last year about how many shares a small business should have which you can find here: http://www.investlocalbook.com/2016/12/over-last-two-weeks-ive-had.html

Watch the video before if becomes too watered-down: (ha!) https://youtu.be/FtogXYXCC1s



Stop missing my videos and other news. Get on my mailing list and choose what interests you. http://eepurl.com/brqqjb

Join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at www.BusinessBuyerAdvantage.com Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.  While you’re there… download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)


Thank you and I’ll see you next time.

Sunday, November 26, 2017

How can 3 partners treat the one who has to quit his job fairly? -Startup with 3 founders, one salary.



Partnerships; it makes one think of comraderie, solidarity, marriage even.

So often people get a great idea and decide to form a partnership (or become shareholders in a corporation together) in order to make the great startup story happen once again.

Here’s the problem though, what if the different founders are being asked to contribute at different levels? 

What if someone is being asked to put their personal income on the line by quitting a job and going to work full-time in this new venture?

How do we reconcile the different contributions?

It all has to do with the hats we wear.

Watch as I answer this week’s question from someone on Quora.com who is in the middle of this very dilemma: https://youtu.be/4IJE6GsAkys



Join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at www.BusinessBuyerAdvantage.com Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

I’m coming to Halifax, NS December 4 to teach my Succession Planning Workshop and my How to Buy an Existing Business Workshop.  It would be great to see you there.


Thank you and I’ll see you next time.

Tuesday, November 21, 2017

Sunday, November 19, 2017

How I convinced 8 out of 9 people to invest in my new business- How to attract investors.


Still running short on cash for a business acquisition or expansion?

A few weeks ago, I made a video about attracting private equity investors into your business. You can find it here: http://www.investlocalbook.com/2017/10/selling-shares-stock-in-your-small.html

I received a message from a YouTube viewer asking how he can make his deals more attractive to potential investors.

It basically comes down to one question: What are you going to do with the money?

In this video I tell the story of how I raised over $80,000 with only 9 phone calls to build a mini-storage business.  The secret to my success was twofold, who I am and what I was going to use the money for.

Check it out here: https://youtu.be/rIK4wV4VBEo



Join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at www.BusinessBuyerAdvantage.com Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit www.HowToSellMyOwnBusiness.com and learn how I can help you sell.

FREE- Download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

I’m coming to Halifax, NS December 4 to teach my Succession Planning Workshop and my How to Buy an Existing Business Workshop.  It would be great to see you there.


Thank you and I’ll see you next time.

Saturday, November 18, 2017

Total CEO Vinny Fischer and I talk about selling your own business.

I had a chance to speak with Vinny Fischer about selling your own business... check out the interview:


Catch more of Vinny's interviews here: http://thetotalceo.com/show/