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.

I speak to Shahara Wright about how to build a business that will sell...

Shahara and I swap stories and discuss how you can build a business that will sell one day.

Visit Shahara's site: http://www.theceoeffect.net

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.

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/ 

Own a Retail Store and Want to Sell? How To Sell a Business

Are you a retail store owner?

A viewer sent me a link to this article and asked me about one of the items in the list.

They wanted to know why the author was a proponent of telling everyone the business is for sale while I spend so much time telling people to keep things confidential.

Let’s review the article and I’ll tell you what I think about each of the points in this video about the common mistakes people make when selling a retail business: https://youtu.be/zS_wG67FenE

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)

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.

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.

What if you know you’re right and everyone else seems wrong?- How To Buy a Business.

Remember that Twilight Zone episode where the whole world went crazy except for the main character?

Sometimes it may feel that the world is crazy when you know what you’re doing and everyone else does NOT.

This week I tell the story of two clients who are looking to buy a business and everywhere they turn they find overpriced businesses that are poorly presented by incompetent brokers.

They’re actually worried that they are the ones who are crazy.

In their exasperation they asked me, ‘Don’t business brokers need to have at least a rudimentary knowledge of accounting?’  You may not believe my answer.

Watch and learn my response in this video: https://youtu.be/PSB_lBnnNJs

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.

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.

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)

Thank you and I’ll see you next time.