Why now is a great time to buy a business
March 15, 2010 by Kendric Foultz
If the number one rule in business is to buy low and sell high then now is a terrific time to buy a business! 2009 was a rough year for the overall economy. Businesses across the board showed revenue declines that haven't been seen in decades. Many business owners who were planning on selling their businesses and retiring found themselves in a position where financially they had to either reduce their retirement expectations or continue to work. Until recently, most were opting to continue to work, but now we are seeing more owners adjusting to the new reality and selling their businesses at today's valuations.
Event Report on the recent Los Angeles VC and Angel Event
March 12, 2010 by Michael Davidson
Yesterday, I drove to downtown LA to attend the Los Angeles VC and Angel Event put together by fundingpost.com. I heard about the event from one of the LinkedIn groups I joined called "On Startups - The Community for Entrepreneurs". I thought, well at BizEx we get all kinds of requests from our clients who are primarily small business owners. Perhaps Angel/VC funding might be a good option for some of them. The place was packed and it was standing room only if you got there late. Everyone attending was an Entrepreneur, which was cool. They all had their vision and it was clearly something they were passionate about.
Free Online Business Evaluation Tool
March 09, 2010 by Michael Davidson
Want to know what your business is worth? BizEx Business Brokers has a fun and interesting tool available for small business owners. Just answer some basic questions and our site will show you the estimated value of your company. The valuation process is based on the Multiple of Earnings Method, which is the most common process used for small business valuation. Its a fairly simplistic tool, but its online and its free. Free Online Business Evaluation Tool I would appreciate any feedback you might have as we'd like to create a version 2 down the road. Thanks!
Thinking of selling your Maid Service Franchise? What you need to know.
March 03, 2010 by Dan Munter
There are 14 franchise enterprises that focus primarily in the residential market. According to a recent report from information company FRANdata, the franchises of residential cleaning companies are growing at annual rate of 10% . There are two main Rules of Thumb for valuing these businesses. 40% to 45% of annual sales plus inventory. 1.5 times DE (Discretionary Earnings). Other selling points would be the exclusivity of the territory assigned to the franchise. How long the franchise has been established for. How long any competing franchises have been established in the same territory. And if there is any open territories in surrounding areas. If you would like to learn more, please contact me at dmunter@bizex.net.
To Blog or not to Blog, that is the question
January 28, 2010 by Michael Davidson
Like most small business owners in Los Angeles and throughout Southern California, weve heard about the benefits of hosting our own blog. After exploring this further, we found out about the time commitment and it made us cringe. Two or three blog posts a week? We dont have time for that. We are so busy; we have a hard time getting out of the office most days! So we delay and explore other ways to promote our business and wait for someone else to figure out the magic recipe on how to blog time and cost effectively.
