The Invest Local Book Blog.: retail

Showing posts with label retail. Show all posts

Monday, November 13, 2017

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.

Friday, August 8, 2014

[VIDEO STORY] I met a guy in the lease-to-own furniture business at a BBQ

I tell the story of a guy who works in the lease-to-own furniture business and get an understanding of their business model with a few well-crafted questions.

I'll be doing an ROI calculation when I get my hands on one of their advertisements.

Monday, July 21, 2014

[VIDEO STORY] Bye Bye Birdie

In this video I tell the story of the difficulty in finding a buyer for a highly specialized niche retail store; one that sells bird-watching items.

I relate how small business buyers are looking for both an investment and a job and help shed some light on how you should imagine an exit plan before you start a business.

Enjoy.

Wednesday, July 9, 2014

[VIDEO] What if your customers knew your cost?

This video truly made me think and that's why I've decided to share it with you.

This shopkeeper openly posts his cost for every item he sells and tells people he will accept the cost price if that's all they can afford.

How would you react to this pricing strategy? Would you pay the lowest price, asking price or offer some middle ground?

Interesting video and the owner of the shop has an important message to share.

Business and Asset Values: How Owners, Buyers, Sellers, Lenders, and Advisors Should Think About Sma

What makes a business valuable? Why can a profitable company still be difficult to sell? Why can old machinery be worth more than its accounting value? Why does one business have substantial goodwill while another depends almost entirely on its physical assets? Business and Asset Values explains how value actually works inside privately held businesses. Written for business owners, entrepreneurs, investors, buyers, sellers, lenders, accountants, lawyers, advisors, and appraisers, this practical guide explores the forces that cause value to grow, weaken, transfer, or disappear. Drawing on years of experience in small-business transactions, financing, valuation, and machinery and equipment appraisal, David C. Barnett shows why value is never just a number. It is the result of cash flow, risk, market demand, asset quality, transferability, financing conditions, and the expectations of real buyers and sellers.

The Business Fortress: How to Grow, Protect, and Exit Your Business with Confidence

This book isn’t written for Wall Street titans or Silicon Valley startups. It’s for the real business owners who carry the risks every day. If you own a small or mid-sized business — where your signature is on the loans, your family depends on your success, and unexpected setbacks could jeopardize everything you’ve built — The Business Fortress was written for you. In today’s uncertain economy, surviving isn’t about hustle and hope — it’s about building a fortress. In The Business Fortress, business expert David C. Barnett and CERTIFIED FINANCIAL PLANNER™ Professional Mark Willis reveal a practical blueprint for entrepreneurs who want to protect their companies, their wealth, and their future.