Businesses wanting to modernize outdated appearance with new retail signage no longer have to face weeks of construction and lost revenue. Modern construction and design techniques allow major design upgrades to happen with little to no negative impact on operations.The Old Method of Retail Signage ManufactureCompanies used to have to face a dilemma when their decor became outdated. If they didn't renew their image, they could lose business as...more
It's been a while since I've seen a movie about ninjas, as in real ninja moves with a serious story. Like Kill Bill, only it is about samurai. Last month thought, I always see this billboard that is a movie entitled "Ninja Assassins". In the poster, there is this guy who you can only see the lower part of his face with blood. And he has this weapon that you know only being used by a ninja (I actually don't know what it is called). I got curious...more
Business brokers are often asked by buyers to draft an 'offer' on a particular business for sale they might be interested in. Offers can take several different formats though. The most common offer to buy a small business for sale is a conditional purchase offer. This agreement stipulates the common deal points like price, terms and other conditions. The conditional agreement is moved forward by the buyer who usually waives conditions as they become fulfilled until the deal goes firm. The other common document that is used by buyers is the Letter of Intent (LOI). This article will examine some of the unique attributes of a Letter of Intent and how business brokers can assist in drafting one.Non-bindingA letter of intent is usually a non-binding agreement that outlines the major deal points of what the buyer is considering. It is usually a precursor to the due diligence process and is an important document that allows a buyer and seller determine if there is possibly a deal to be had. Most LOIs are non-binding in that both parties to the transaction are not obligated to the terms contained therein. The only two common terms that may be binding are exclusivity and...more
Many of the top magazines and newspapers hire inexperienced writers to write about business topics, and although it is understandable that these publications hire young people, some of the information and advice out there is plain wrong. In many cases, these dont match what truly experienced and successful business people have gone through, and...more
Author: Bennie GayWe have a big problem; all of our competition is selling their products for less than we are. This is causing us not to have any sales. We got ourselves into quite a bad situation; was there anything we could have done differently?Things would not have been so bad if we would have done our research! Research is our best friend in...more
The steps you take when you start up a small business are essential to your long term success. Skip some of these steps and you will feel it later. If you take due diligence and start your small business properly then you will experience the success you deserve.Before You Start Up a Small Business Take a Personal AnalysisThis is a step that many people seem to ignore or forget about but one that is really essential to whether you are going to succeed in your small business or not. It is important to take a personal analysis and look at what you can bring to your small business and where you may experience problems.Write down what skills you bring to the business, what interests you and will keep you motivated in small business, and what personality traits you have that will influence the way you do business. If you are a shy introverted person then you will more than likely fail if you try to do direct sales but put you in a position that is better suited to your temperament and you can shine.Market Research - It Doesn't Help if No one Wants What You Have to OfferIt can be tempting to skip out this step as well. Market research may seem like a horrible chore and you may not even...more
As Orland Park continues on the path of progress, the residents here seem to have more and more requirements for extra space to conveniently store away all their belongings. As large mansions give way to modern apartments with limited living spaces,...more
I've seen a lot of police action movies, and there are others that I find kind of boring. It's not because of the action scenes because one good movie I can tell you is "S.W.A.T". I like the scenes because they are more on strategy and not just shoot...more
Income tax provisions and Schedule M-1(1) of Form 1120 (Corporation Income Tax Return) bridge the financial accounting world and the Internal Revenue Code. The benefit of understanding an income tax provision and an M-1 is that a preparer can bridge...more
TO BE SUCCESSFUL AT THEIR job, internal auditors must be able to write, speak, and listen effectively. Of these three skills, effective listening may be the most crucial because auditors are required to do it so often. Unfortunately, listening also...more
West New York located in New Jersey is a rapidly growing metropolitan area. As the large houses in this region are being increasingly replaced by modest apartments, families and individuals often run into lack of space to store all their belongings. ...more
Author: Chris GatchA company projects its brand in many ways: its logo, Web site, advertising, office and even employee attire. Yet with such an emphasis on developing an appropriate small business marketing strategy, it is surprising that one of the...more