Determining the Value of Your Business

Posted on Leave a commentPosted in Business, Money

  There are many approaches to take in establishing an accurate valuation for your business. Finding the best method for your situation will provide you with the best measure of value. Read more about Exit Strategies/Selling Business » You’ve examined your company’s historical financial statements, thought carefully about your prospects for future growth, and perhaps…

Franchising Your Business

Posted on Leave a commentPosted in Business

  Bill Nelson, Franchise Development Group, bnelson@franchisedevelopmentgroup.com   What is franchising? Franchising is a strategy for the growth and expansion of a business, in which the franchiser licenses to the franchisee, for a period of time, the trademark, operating & business plan and other proprietary information.   Why Franchise? In general, companies franchise for one…

Bankruptcy Law Changes

Posted on Leave a commentPosted in Debt, Legal

  It has long been suggested that struggling small businesses have little potential to reorganize by virtue of traditional Chapter 11, which was designed more for manufacturing giants than the local diner. Typically, attorney costs, large creditor leverage and the administrative drains on management overwhelm and ultimately doom a small business. Some of these concerns…