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Business Planing for Life Coaches

You know that all you want to do is coach and you are good at it – so why do you need a business plan?

A risky business?

If you are newly setting up as a coach you know you are taking a risk.

There are many wonderful coaches out there but they do not all make a fabulous living coaching. In fact, recent research by the International Coach Federation found that the average income from coaching was $26,150 for part-time coaches and $83,671 for full-time coaches. Only around 15% of coaches earn over $100,000 a year.

The current economic climate poses an additional challenge as people and companies reduce spending and investment in personal development.

This is not to say you should give up on your idea of setting up in business but you do need to be business savvy to create a sustainable business.

This means being clear about your finances and how you will get clients and keep getting clients. Managing your cash flow and effective ways of generating clients will be the lifeblood of your business. Getting these two things right will ensure you can keep doing the thing you love – coaching.

A reality check

Think of your business plan as a reality check. It enables you to step out with a clear idea of where you are going and what resources you need to get you there. The more realistic your planning, the firmer foundation from which to grow and be successful.

Can you answer the following questions?

How will I know if my business is successful?
What investment do I need to make? (This is not only money but time and training).
Do I have a clear idea of the people who will pay for my coaching services and what they are willing and able to pay?
What is my survival budget and how long will it last me?
What skills do I have to be successful in business and which skills do I need to develop?

Do some research on your potential clients, on what other coaches are doing and offering and take a long hard look at your finances – over at least 3 years.

If there are skills you don’t have, you need to think about how you will develop these skills or be willing and able to find someone else to do the things you can’t do.

You can ask yourself:

• What do I know and can do?
• What don’t I know or can’t do?
• What can I find out by research or from other people?
• What do I need to learn as I go along or from experience of trying things out?

However good your plan, there are things you will not know until you try them – so you need to be willing to change your plan and your approach as you begin to see what works for you.

It takes time to set up a successful business and you will need to stick at it to see things through. But, you will also need to be able to make some hard decisions about when to abandon a project or idea.

Rethink and refocus

Planning is not just for those new to business.
If you have been in business for a while, your plan can help you review and refocus your direction.

Can you answer these questions:

• Is my business successful?
• Am I achieving the bigger picture as well as the day to day running of my business?
• Am I finding this business personally fulfilling?
• Am I making sufficient income?
• Do I need to step up my game?
• Do I need any help?
• Where does my focus need to be?

Your business plan needs to include a realistic evaluation of what you have achieved so far, your financial position and indicate where you need to shift or grow your business.

Evaluate your client base – is it healthy and are you effectively generating new business? If not, identify different ways of doing this which may be more successful.

• Which aspects of your business drain your energy and distract you?
• Where would you be better focusing your time and energy?
• What are you avoiding doing that is having a negative impact on the business?

Your may need to invest in additional help or marketing activities or develop your products or services so they are better focused to meet the needs of your clients.
Map out whether and when this will result in increased business, or higher income – so you can see if it is worth the investment.

As an established business person you will have developed contacts and professional networks and used a range of business services.

How can these contacts help you grow and develop your business? You may, for example, be ready to start working on joint ventures , or to draw together a small group to work on specific projects, or strengthening your referral system.

What do you need to create a good business plan?

Research

This means getting a good idea of who your clients are, the service they want and how they want it delivered. If you have been in business for a while, what do you need to drop, develop, change or enhance?

Where are your clients and how can you reach them? What future trends do you anticipate that will increase or decrease your client base? If you have been in business for a while – is it beneficial to increase, decrease or shift your client base?

What is the competition like? Who else offers what you do and why would clients choose you instead? Does your business communicate your individuality? What makes you distinct and distinguishes you from others and how will you communicate this?

Realistic Timescales

If you have limited time or money to invest in your business it will grow more slowly.
If there are skills and knowledge you need to acquire this also takes time.
Take these into account when planning.

An accurate financial forecast

You need to be clear on your business running costs and to be able to cost your time.
Some key concepts you need to understand to do this are:
• Break-even point
• Turnover
• Profit

Marketing

Here you need at least one method of getting clients that works, as well as a means of marketing your business if you are also delivering coaching and doing all the other business activity.

There is no need to go it alone, as there is support out there. This support ranges from working with a business coach or mentor, to accessing a whole range of resources supplied by government agencies and departments. You can even consider taking a college course.

So why not:

• Have a look at what is on offer at your local college
• Seek out your local business groups associations or Chambers of Commerce
• Use the small business associations websites and government funded-organisations to get information (for example Business Link in the UK)
• Contact the Tax and Revenue offices for information on taxes and record keeping
• Contact local government offices for information on licences and business rates
• Get information and advice through your coaching professional body

Then you can get planning for an even more successful coaching practice!

<!– Artice Summary ************************************************************************ –>

Sonia Thomas is the Editor of Coaches Plus, the online resource centre for coaches. Just visit us today to pick up more free life coaching business resources.

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March 31st

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How To Create Highly Efficient Email Marketing Campaign

Email marketing campaign maybe is the most used marketing strategy now. The low costs of email marketing makes it popular among marketers especially the small business owners. Actually, it easily becomes the most cost effective and successful type of advertising and marketing currently. Though large numbers of people do their campaign nowadays, it is difficult for most marketers to set a real efficient marketing campaign. The question is how to create a highly effective email campaign? How to improve the email open rate?

Email campaigns work when there are clearly defined objectives and goals. Before you start your campaign, you should know the target and potential customers. You should know who the email will dent to, how to write an email, and how to communicate with audiences. To achieve success needs reflection upon the best way to deliver the marketing message. If you figure out how to handle the whole problems, you can start your campaign.

Deliverability is the blanket term for whether or not your emails are being received. Email deliverability can refer to your list member’s ability to receive your messages due to your compliance with anti-spam measures. You should let your email go through the email filter and go to the audiences’ inbox. People would read an email from the spam box. So when you write your email, you should avoid to use the sensitive words.

You need to select a good email service provider. As a marketer, if your email marketing service provider has a low reputation with email service providers you are going to have a difficult time ensuring that your emails get through. While you can enjoy a stable system to send your email after choosing a good email service provider.

Make your email useful for customers. You’d better provide some benefits for your customers if you want to gain profits from them. Giving discount, hot sale information to audiences can always attract their attentions. If your email is useful, they may do business with you. If it is not, they may abandon you.

Starting an email marketing campaign always needs a newsletter software. A newsletter software is a opt-in email marketing software which provide both email address growing and email sending service. Here is a good newsletter software recommend-iKdoe newsletter software. iKode Newsletter Software is a full featured, professional email list management and email marketing software designed by iKode. iKode Newsletter Software is widely used by thousands of organization. Simple installation, great performance and price make this a very attractive option. Moreover, assistance with the high delivery, tracking and analysis functions.Email marketing campaign maybe is the most used marketing strategy now. The low costs of email marketing makes it popular among marketers especially the small business owners. Actually, it easily becomes the most cost effective and successful type of advertising and marketing currently. Though large numbers of people do their campaign nowadays, it is difficult for most marketers to set a real efficient marketing campaign. The question is how to create a highly effective email campaign? How to improve the email open rate?

Email campaigns work when there are clearly defined objectives and goals. Before you start your campaign, you should know the target and potential customers. You should know who the email will dent to, how to write an email, and how to communicate with audiences. To achieve success needs reflection upon the best way to deliver the marketing message. If you figure out how to handle the whole problems, you can start your campaign.

Deliverability is the blanket term for whether or not your emails are being received. Email deliverability can refer to your list member’s ability to receive your messages due to your compliance with anti-spam measures. You should let your email go through the email filter and go to the audiences’ inbox. People would read an email from the spam box. So when you write your email, you should avoid to use the sensitive words.

You need to select a good email service provider. As a marketer, if your email marketing service provider has a low reputation with email service providers you are going to have a difficult time ensuring that your emails get through. While you can enjoy a stable system to send your email after choosing a good email service provider.

Make your email useful for customers. You’d better provide some benefits for your customers if you want to gain profits from them. Giving discount, hot sale information to audiences can always attract their attentions. If your email is useful, they may do business with you. If it is not, they may abandon you.

Starting an email marketing campaign always needs a newsletter software. A newsletter software is a opt-in email marketing software which provide both email address growing and email sending service. Here is a good newsletter software recommend-iKdoe newsletter software. iKode Newsletter Software is a full featured, professional email list management and email marketing software designed by iKode. iKode Newsletter Software is widely used by thousands of organization. Simple installation, great performance and price make this a very attractive option. Moreover, assistance with the high delivery, tracking and analysis functions.

iKode Help Desk Software is a full featured, professional customer service software designed by iKode. Here to download the free trial of PHP help desk script!
http://www.phphelpdesk.org/download

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March 31st

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8 Things Winners Do In Their Network Marketing Business That Completely Guarantee Success

The success principles that you’re going to read are in no particular order. They all bear the same amount of importance. Think of it as being a jigsaw puzzle. Any one piece that’s omitted will give you an incomplete puzzle. If you would like to be successful and have life lasting financial freedom in your Network Marketing business then make certain you do all of the things listed here.

Choose the Right Company

Let us start at the beginning. Choosing the right company or opportunity has a big impact on your success. Most people join an opportunity on pure emotion from the income presentation. One way to overcome this is to make it a point to never join a Network Marketing opportunity the first time it’s presented to you. Do not permit yourself be influenced that if you do not signup today you are going to lose out on a huge income. Keep in mind, Network Marketing is really a long term financial freedom vehicle, not a get rich quick scheme. Be sure to thoroughly evaluate the company and products before joining. Learn as much as you possibly can about the company’s culture and ensure it would be a good match for you. Check with the Better Business Bureau and the Direct Selling Association to make sure the company is in good standing. You also must believe whole heartedly in the product or service. If there isn’t a belief, there will be no success. The age of the company is also very important. “Ground Floor Opportunities”, as it is called when a brand new company is staring off, are extremely risky. Eighty nine percent of all Network Marketing or MLM companies fail within their first two years. The very last thing you want is to spend your efforts building your dreams to see it evaporate overnight. It’s best to choose a company which has been in business at the least 5 years.

Possess a Very Big “WHY”

Like I said before, most people signup in a Network Marketing opportunity from pure excitement after the presentation. When they are asked why they joined, most people respond, “to earn more money”. If your motivation is solely to earn more money you will fail! Money alone isn’t a strong enough motivator for success in any business. You absolutely need a powerful burning desire to succeed and the only way to have that is to have a big “WHY”. What is your true “WHY”? Money is simply a piece of paper with the image of a dead president. It’s what that money represents to you that motivates you. Is it quitting your job, buying a bigger house, traveling more, spending more time with love ones, giving more to charity, helping others become financially free? Everyone has a “WHY”, do you? Sit down and picture what your life could be like if you had thirty million dollars in the bank. Write down all the items you’d have and the things you’d be doing with your life. Now you have a “WHY”. That should be your motivating factor for building a huge Network Marketing business.

Invest Greatly on Personal Growth

Burn this statement in your mind: “Your Income Will Never Exceed Your Personal Growth”. Your success in any business and in your life in general has a lot to due with how much you personally grow within. Ever wonder why somebody who is poor all their life and wins millions of dollars in a lottery wind up being poor again a few years later? It is due to personal growth. They did not grow their mind to their new level of income. Therefore, their income came back to their level of personal growth. You attain personal growth by reading self help books, attending seminars, listening to motivational inspirational audios. Personal growth is the steady positive feeding of your mind. Sadly this isn’t taught in school at any level. Since this is not taught in school few people ever obtain any significant level of personal growth. Hence the reason that so few ever possess a high degree of success in their life both personally and financially. If you do not read, watch or hear something that is motivational or self-help in nature daily, you will never find any real success in your Network Marketing business. Personal growth keeps you focused on your goal for success and keeps the mind clear of all of the negative influences that surround us every day clouding our thoughts. Feed your mind daily and shortly you’ll start experiencing an increasing level of success.

Work Hard to Help Your Downline Succeed

Many that start a Network Marketing business have the “Boss” mentality and think that their downline actually work for them. If you do this, STOP! The reason people start their very own Network Marketing business is to get rid of their boss not pick a new one up. Your downline isn’t there to serve you or to make you money. In fact you should be working for them. Their success needs to be your main goal. If their success does nothing for your success then you’re with the wrong company. Once you understand that their profitability is your stability you’ll become a lot more successful. Encourage your downline and help them become successful. Care more about how much money they make and you will be rich beyond your wildest dreams.

Treat Your Business like a Multi-Million Dollar Business

If you are truly committed to building your Network Marketing business into a successful 6 or 7 figure income then you should treat it as a Multi Million dollar business. Too many people treat their Network Marketing business as a hobby and then blame the business or the industry when they don’t see the big income they expected. If you start a business with the “I’ll give it a try” attitude rather than the “I’m committed to succeed no matter what” attitude you’re sure to fail. Simply because it did not cost you $100,000 to get started in your business does not mean you shouldn’t treat it as if it did. If you bought a franchise for $100,000 wouldn’t you do something for your business every single day? Even though you did not work the franchise yourself because you had a day job you would still do something every day to make sure your business was on the right track. The right Network Marketing business can earn you quite a high six and even a seven figure income if you build it to that level. No hobby on earth can pay you that kind of money. So why treat your business as one. Do something each day for your business even if it’s just making one phone call to introduce a new person to your business or follow up with someone. If you had a crystal ball and could see into the future and you saw yourself making $500,000 a year with your current business, would you start doing things in a different way? Would you change the way you are currently working your business? That future can be a reality provided you’re taking a step in the right direction every single day.

Have Realistic Expectations

Most people who join a Network Marketing business do not fully understand what it truly takes to run a successful business. Of course this has a lot to do with the hyped up presentation that got them to join in the first place. They usually make it seem very easy and fun. The reality is that any business that is worth building will have some difficult times. Is it unrealistic to think you are able to build a multiple six figure income in a Network Marketing business? Absolutely not! Network Marketing gives anyone, no matter their background or education, the opportunity to build a very successful multiple six figure residual income. So why do so many people fail at it? They basically expect it to be easy. Many people start a Network Marketing business and quit when they get their first three “no’s”. “No” is part of any business. And “no” doesn’t usually mean no. It sometimes means not now. It just might not be the right time for that person to join your opportunity. We live in an immediate satisfaction world. We all want things to happen yesterday and that doesn’t always happen. How long are you willing to stick it out and work on building your Network Marketing business? Three months? Twelve months? Fourty eight months? What would you say if I told you that most successful people in this industry reach the top level and find financial freedom in 2 to 5 years. And many take even longer. Some as long as 10 years. Do you think you’re willing to work your Network Marketing business for ten years? You would if you positively new beyond a shadow of a doubt that at the end of 10 years you’d be making multiple six figures for the remainder of your life. The moral of the story here is never give up! Keep working your Network Marketing business as long as it takes and you will have no choice but to succeed.

Stick with the Company’s Proven System

Most reputable Network Marketing companies which have been around for a few years will have a proven system that works for presenting the opportunity or products to others. Unfortunately, most people think they know more than all of those who have come before them and are successful and choose they are going to do it their way. Their way is better than the dumb system the company suggests to use. Right? No, Wrong! If the company suggests you use a certain system when presenting your business opportunity to others, then you use that system. Don’t attempt to reinvent the wheel. Most systems are very easy to learn and they keep things simple. Simple is good. That makes it easy to duplicate. If it’s easy to duplicate then your downline are going to be able to do it too. And if that happens then your business will begin to grow rapidly. See how that works? Keep it simple, tell everyone, don’t pre-judge anyone and share don’t sell.

Never Quit!

Understand that the instant you quit, that is when failure will become reality. Most people will quit too soon and blame it on the industry or the company. When all it takes to succeed is a little more time and a bit more effort. One way to keep yourself from quitting is to surround yourself with positive people and remove all of the negative people from your life. Negative people bring you down and put uncertainty inside your mind. When you start to doubt yourself you are at the start of the end. You will find all of the positive people you would like if you go to all the company functions. It’s extremely vital for you to attend all local and regional presentations and every one of the national company conventions. It will keep you surrounded by positive people with similar goals and dreams and will keep your head in the game. In this business you’ll come across loads of critics. They’ll give you all sorts of explanations why it won’t work for them and it will not work for you. Remember what they say about opinions, everyone has one. In all of history I have never heard of anyone erecting a statue in honor of a critic. Don’t worry about what anyone thinks, says, or does and just forge forward until you find success. Then you can say, “I told you so”.

Visit monicoaguiar.com for more information on how to find success in your Network Marketing business.

Monico Aguiar – Online Guide for Entrepreneurs – Learn how to increase your chances of success in your Network Marketing business. – http://monicoaguiar.com

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March 29th

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Before You Start A Home Business

Every day thousands of people look for a home business out of the need to help with the stack of bills that see to arrive everyday, pay off their increasing credit card debt or to have more time with the people they care the most. I know, I was one of those people.

There are countless Internet Businesses, MLMs, Direct Sale Businesses and Network Marketing Businesses out there, and more are popping up every year. What most people don’t know is, the average lifespan of a home based business company is less than two years, so when they close their doors (or change their company name to avoid legal issues) the home business owner feels betrayed and enraged because they were lied to and now are deeper in the debt sinkhole.

Before you’re roped into this group, take some time to ask yourself exactly what you want in a home business before joining. There’s more too it than wondering, “Which company can make me super rich quick?”.

Here’s a list of things you need to consider before you enter your credit card information and buy a ticket for the get rich bus:

1. Start Up and Continuation Cost

a. Is it affordable for you now to start a home business with the company you want?
b. Most businesses have a monthly membership. Can you afford to stay with the company after one month? Two months? A year?
c. Are there any extra costs involved to be successful with the business?
d. Does the business provide a budget plan for you so you don’t overspend?
e. Does the business provide a refund if you decide not to quit?

2. Compensation Plan

a. What percentage of commission do you earn from the product(s)/service(s)?
b. Can you earn commissions with your business more than one way?
c. How often do you get paid for your business? Weekly? Monthly? Yearly?!
d. Does the product(s)/service(s) have to be kept by the customer for a certain amount of time before you receive your commission?
e. If the customer wants a refund for the product(s)/service(s), do you have to pay back your commission?
f. Is there a limit to how much you can make in a week? Month? Year?
g. Are there extras (bonuses, trips, vehicles) for being a top earner or making/breaking sales records?

3. Support

a. Are you given a mentor, upline or support team you can contact if you have a problem, question or concern?
b. Does the business have a website where other people have voice the same problems, questions or concerns?
c. Does the business have a toll free number you can contact?
d. How quick (or slow) does the business respond to your problems, questions or concerns?
e. Does their response satisfy your issues or leave you even more troubled?

4. Product Marketability

a. Does the business provide a website to market their product(s)/service(s) or do you have to build your own?
b. Does the business have brochures, CDs, or DVDs to for you to build your business?
c. Are you allowed to market their product(s)/service(s) as well as any you may have?
d. Are you allowed market affiliate product(s)/service(s) with the company product(s)/service(s) or do you have to achieve a certain level in their business before you are allowed?
e. Do you have to attend meetings to be a part of the business or market their product(s)/service(s)?

5. Training

a. Does the business have a training program? How long is the training?
b. Does the business have a training website that is easy to navigate and learn?
c. Does the business provide live training calls, webinars, videos, CDs, DVDs or books for your training?
d. If your sponsor quits, what will happen to you?
e. How soon will your business start making a profit when your training is finished?

6. Success Record

a. How long has the company been in business?
b. How soon (or long) were they established before they showed a profit?
c. Are they still making a profit today?
d. Are the chairmen people with successful business backgrounds or do they have a negative record?
e. Is the business privately owned or is it being traded on Wall Street?
f. Does the business promote a benefit, charity or non-profit organization? Did they create their own?

This is list of questions you NEED to ask the representative of the company you want to join. If they can’t give you an answer, then speak to someone in the business who can. If that person can’t answer your questions, you need to keep looking.

Finding a home business is the same as buying a new pair of shoes. If they are a good fit then you should be able to wear them everyday for as long as they serve their purpose. If they cause more pain than pleasure, then you should be able to return them for a refund, or throw them away without any hard feelings.

I hope you found this article helpful in your decision as to what you should look for in home business.

Cheers!

Scott G.
E-Business Expert

Scott Gustafson is an E-Business Expert with 5 years of experience growing a successful online business and helping others create wealth in 4 countries.

To earn a life changing income from home in this difficult economic market, visit www.JoinScottG.com today.

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March 27th

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How to Find and Buy a California Small Business

Most potential business buyers don’t realize that 80% of all business buyers (those not utilizing the BizBen Network)  are unsuccessful in buying a small California business. As the Director of the BizBen Network I talk and consult with potential business buyers on the phone daily, and hear, repeatedly, the frustrations and problems connected to searching for and buying a California small business. The concerns I hear are typically universal.

Buyers need to utilize both “Pull” and “Push” buyer search strategies and techniques to be successful. They need to pull the right information in, and push their information out to the right contacts and resources to find and buy the right California small business for sale. Small business buyers who don’t use these strategies (and the tips listed below) can expect that it will take anywhere from six months to two years to find and successfully buy a small business. Using the techniques/strategies below and utilizing the BizBen Network, will shorten the search and buying process to an average of three to eight months!

Top Tips & Strategies For Buyers Of California Small Businesses:

1. Know The General Types & Locations Of Small Businesses You Are Searching For

As a buyer you need to narrow down your search requirements–you need to know the business types and locations that meet your needs. As a former business broker I know that I would spend less time with potential business buyers who were unable or unwilling to narrow down their targeted search criteria or desired geographic locations. It’s fine to have several different types of businesses in mind–and you don’t have to be business specific–but there is a big difference between manufacturing oriented businesses and restaurants. Make sure to communicate those preferences to brokers, agents, and intermediaries.

2. Have A Buyer Profile & Personal Financial Statement Form Completed

All potential small business buyers should complete and have on file a Buyer Profile and Personal Financial Statement form. These completed documents should be faxed/emailed back with all Non-Disclosure/Confidentiality Agreements to business brokers, agents, intermediaries, and business owners. Providing these completed forms to sellers and brokers shows you are serious about buying a business, and saves them, and you, a lot of time and effort. These forms will also be requested from potential financing sources and landlords when negotiating the current or new lease on the business being purchased. Buyers signed up with, and participating in the BizBen Network get these forms as part of their initial consultation.

3. Get SBA Loan & Other Financing Pre-Qualified Before Starting The Search Process

Knowing whether your are pre-qualified or able to obtain financing to buy a small business will not only save you time but will educate you about what options you have with potential deal structures, so you’re prepared to negotiate effectively when dealing with brokers and sellers. There are approximately 16 different “data-points” financing companies and banks utilize to see if you are a viable candidate for business purchase financing. You need to know your options before you write an offer to buy a business. All buyers that join and utilize the BizBen Network get SBA loan/financing pre-qualified (all financing options are explored) as this is such an important part of the business buying process.

4. You Need To Get Your Info & Criteria “Pushed” Out

As a potential buyer of a small business, once you have the types and locations of businesses you are interested in, know if you are pre-qualified for financing (or what types of deal structures you should be negotiating on your behalf), you need to “push” your criteria and information out. Exposure is the key here. The more brokers, agents, intermediaries, and advisors that have, and are ready to act on your information, the more likely you will find and buy a business. You need to have your information being presented to all potential contacts at all times!

5. You Need To Reach “The Hidden Market” With “Push” Techniques

Sixty percent of all small businesses for sale are not “officially” on the market or advertised as being for sale. By “pushing” your information & requirements out to ALL intermediaries, potential seller/owners, and advisors, you will have access to many more great deals and “hidden” businesses for sale.

6. Respect The Confidentiality Of A Business Sale

Confidentiality when selling a small business is usually highly important to the owner of the small business and to the intermediary (business broker) who is representing the seller. Be prepared to sign a confidentiality or non-disclosure agreement and make sure you include back with this document your completed Buyer Profile and Personal Financial Statement (see step 2). Do not share information of a potential business acquisition target with anyone – save your sharing of information when working on your due-diligence with a CPA, consultant, or attorney. Those who don’t abide by the requirements for confidentiality, will be placed on the “do not deal with this buyer” list maintained by most intermediaries. There could also be legal ramifications depending on damage that results from the sharing of confidential information.

7. Search Daily, Be Diligent About The Search Process

Buyers need to search almost daily to find the right California business to buy. Over 200 new listings are added daily to BizBen.com and many of these listings get multiple offers right out of the gate when available to the market. Make sure you are signed up for Instant Daily Email Alerts & Daily Email Reports of new listings through a BizBen Power User Account (buyers in the BizBen Network get this set up for them during their consultation with a BizBen Counselor). Remember to do both: call and email potential sellers (see step 8 below)–make sure your message and your interest get through.

8. Don’t Ignore Older Business For Sale Advertised Listings

Just because it’s older doesn’t mean it’s a bad listing. Deals fall out and come back on the market, deal structures and prices change constantly. I counsel potential business buyers all the time to focus on older listings also (instead of just new listings on the market) since sellers of the older listings usually get more realistic, more motivated, and have “been around the block” a few times with a few buyers. Owner/Sellers tend to get more realistic about pricing and deal structures after a time on the market.

9. Call & Email (Both) When Inquiring About A Business For Sale

When finding a potential business to buy on sites like www.BizBen.com make sure you both phone (leave a voicemail if no one answers) and email the seller, broker, or agent! Many buyers just phone or just email. DO BOTH! And if you don’t get a return call or email within 6 hours, do both again. Show that you’re interested. With better listings for sale there is usually a demand for information from many potential buyers. Remember you are in competition with other buyers – show your strong interest by both calling and emailing the seller or broker.

10. Get Your Team Of Advisors In Place & Ready For Action

Select your team of advisors (contact the BizBen Network for an advisor or resource in your area) .CPA/accountant for due diligence, attorney for assistance with contracts, SBA and non-SBA loan financing sources, etc. Be ready with these professionals now so you don’t kill time looking for them while the seller selects another buyer, believing that you weren’t ready to proceed to buy his or her business!

Being successful in buying a California small business takes time and diligence, but if potential buyers utilize the tactics listed above their success will be assured.

Peter Siegel, MBA is the Founder of www.BizBen.com (7000+ California businesses for sale – 200 new listings added daily) & Director of the BizBen Network – a California alliance of 16,000 business buyers, 4,000 small business owners, 1,800 brokers, agents, intermediaries, and 600 advisors/resource providers. Mr. Siegel has written three books on the topics of buying and selling California small businesses. They include “Buying A California Business – The Ultimate Guide For Savvy Business Buyers!” For more information about BizBen.com, joining the BizBen Network, or for a FREE consultation call Peter Siegel direct at 866-270-6278.

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March 27th

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