January 2009
BUSINESS BUYER TIP
Jump-Starting the Dream: How to Successfully Buy a Small Business
By Mike Handelsman, General Manager, BizBuySell.com
Thinking of turning your dream of starting a business into reality? You’re in good company. According to a 2006 Yahoo Inc. poll, two-thirds of Americans have entrepreneurial aspirations for reasons including the ability to do what they love and so they can be their own boss.
Realizing the dream of starting a business, though, can be challenging without the right know-how. Most small business buyers have never purchased a business before, and it can be difficult to know where to start. Going into business for yourself will undoubtedly require large amounts of commitment and drive to overcome fear of the unknown, but keeping four critical factors in mind can help ensure success when investing time and money into a small business.
Use Online Resources
The easiest way to learn about your options is to research what’s available on an online business marketplace. Newspaper classifieds include a limited amount of the businesses for sale in one immediate area, while an online marketplace is more expansive. This kind of site offers a database full of available businesses in any area, which means that you can search locally or anywhere in the country if you are considering a change in location.
Online marketplaces also offer a number of a number of tools buyers can use to find the perfect business. A “valuation report” can provide estimates of fair selling and buying prices for a business, based on comparable businesses and chosen geographic area, gross income and cash flow ranges. For example, if someone were thinking of buying a bagel shop, they’d be able to run a report on the average costs of buying that particular kind of establishment in a given area. In addition, site users can access a “buyer’s workbook” full of documents with useful tips to make sure they perform all the right steps throughout the purchasing process... <click here to continue article>
 JANUARY FRANCHISE OF THE MONTH
Vehicle Tracking Solutions
Capital Required: $60,000
Liquid Capital Required: $44,900
Support/Training Available
Vehicle Tracking Solutions sells, installs and services real time GPS/GPRS based fleet management solutions. Our solutions are comprised of AVL (automatic vehicle location) hardware, desktop mapping and historical reporting software known as Fleetminder. A web based mapping and historical reporting application known as Webview and a cellular phone based fleet status interface know as VTS mobile.
In addition to our full product line we also do custom software integration to help our client base leverage the full power of our solutions in conjunction with their own ERP’s (enterprise resource programs). <click here to read more>
NEW FRANCHISE OPPORTUNITIES
BizBuySell offers one of the world's largest franchise directories. If you're considering buying a business, you owe it to yourself to explore these new franchise opportunities or visit the BizBuySell Franchise Directory
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American Historical Paint
