For the Buyers and the sellers out there, there maybe some light at the end of the tunnel here.
Recently the Government set up the Economic recovery act.
Highlight sre:
Eliminated or reduced SBA fees
90% gaurantee on 7a
New ARC loan
There is no gaurantee that all businesses will get a loan but some light is better than no light.
Links to the SBA
http://www.sba.gov/recovery/arcloanprogram/index.html
Well its here, now what do we do?
Its now been officially named a recession by the people who know. well they say they do
So what does that mean for us as small business owners?
It means life as we know it has changed. we need to watch what we do and how we do it. The consumers are cutting back on everything. If you want to keep your market share you will now more than ever need to earn it.
The first thing that most people think is stop spending money. Save what you have and ride out the storm. Well that sounds smart. But consider this. If people don't know you still exist, are they going to use your services? Doubt it
Yes we all need to save money and spend wisely.
Advertising still needs to be done. Focus on the areas that contact your clients the best and use that method. Check with local chambers, papers and schools, see if they need editorials or articles. This can be a win win situation. get exposure and help out another business with filling their qoutas on articles. Advertising doenst have to be expensive. Get involved in the chamber, the local groups and your church. Network and let people know you are still here.
The economy is rough, businesses are selling at much lower prices than they have been in years. the buyers are very leary of everything now. what they are looking for is cashflow.
if you have positive, provable cashflow you are a business that will attract prospects.
The days of 2, 3 and 4 times owner benifit are over for now. Educated buyers with cash are paying 1 to 1.3X for a business.
If now is the time to sell, be realistic, ste the price in the range to sell. Offer seller financing and set the time line acordingly.
We can all make changes in our businesses that will help us through this time. Take a hard look at your business, see what you can modify. Just make sure its not something that makes your business what it is.
Edward J Kane
VR Business Brokers Senior Intermediary
407 247 6938
ekane@vrbizforsale.com
homesbyed@earthlink.net
Why Title Insurance? | Why Get An Inspection? | Radon Information | Contact Us | Lead in the Home | Your FICO Score | National realtors A-M | Businesses For Sale | california | Business Brokrage | VA FORECLOSURES | SBA Loan Information | Home buying assistance | rss feeds | National Realtors N-Z | Our Link Partners | Link Partner Listings | Washington | My Florida | Mls Search | Business Valuation | Business Buyers | How to:HUD and VA Foreclosures | Business Forms | LINKS | Up do date local Information | HUD Foreclosures | Schools | South Lake County Businesses | Get Pre-qualified | Download Adobe Acrobat | Environmental Issues | News | Press Release | Real Estate Glossary | Available properties | Local/Nationwide Homes | Home | Your Buying Power | Staging Your Home | Staging Checklist | search mls | 9 Steps to Owning | Mold in the Home | Seller Paid Closing | Site Map | ARM Calc | Mortgage Qualifier Calc | Required Income Calc | Maximum Mortgage Calc | Mortgage Calculators | Reasons homes don't sell | Buying Foreclosures/REO's | Types of Listing Contracts | The Listing Contract | What's Earnest Money? | Should you paint? | The Kitchen | Role of the MLS | Ethics in Real Estate | Improvements That Pay | Fixer Uppers | My Blog | Kissimmee Buyers | Miami Buyers | Naples Buyers | Orlando Buyers | Sarasota Buyers | Tampa Buyers | Boca Raton Sellers | Clearwater Sellers | Fort Myers Sellers | Jacksonville Sellers | Kissimmee Sellers | Miami Sellers | Naples Sellers | Orlando Sellers | Sarasota Sellers | Tampa Sellers
Copyright © 2009 Capital Business GroupPortions Copyright © 2009 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.