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A Few Clouds ~ River stage: 22.19 ft. Rising Sunday, May 20, 2012 |
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Consider Seller Financing
Posted Tuesday, May 8, at 2:59 PM When I ask a business owner who wants to sell his business whether or not he’s willing to finance a portion of the purchase price himself, the answer is usually “No.” Generally, that means that he is either not motivated to sell in this environment (where banks aren’t able to lend as much to potential buyers as they were a few years ago,) or he hasn’t carefully weighed the benefits of seller financing. ...
All Great Ideas Are Dangerous “All Great Ideas Are Dangerous.” – Oscar Wilde Admit it: You have a great idea. Maybe you’ve shared it with someone else, maybe you’ve sketched something on a cocktail napkin and maybe you’ve kept it all to yourself, but still – you have a great idea for something. ...
Questions Have Answers A few of our clients have asked us to help them develop their websites and arrange hosting for them once developed. We always give our clients a choice when making referral recommendations and consequently learn quite a lot about the various hosting companies’ business practices. ...
It's All About the Earnings I've had the same conversation with several business owners recently who want to sell their business. They talk about how exciting the industry is, how much potential there is to grow, how they plan to market the company going forward and how much another person/people would enjoy owning this business. After all the hype, I asked them the same question: What have the business' earnings been in the past three years? Silence. Squirm. *Ahem*. Well...not so good, they say...
Branding is a Verb Our daughter is learning the difference between nouns and verbs and it started me thinking that marketing is chock full of nouns but there's really only one verb: Branding. Marketing is filled with "things." There are logos, taglines, colors, layouts, images, talking points and all the materials we print and publish using those things. ...
The Right People - Part 2 Job Security. Our parents and grandparents had it. Not because of who they were, but because of the time in which they lived and worked. Their career was their identity: He was an insurance agent, she was an architect, he was a teacher, she was a nurse. ...
The Right People In his book Good to Great, author Jim Collins encourages business owners to get the right people on the right bus and in the right seats. He also encourages us to get the wrong people off the bus entirely. I like this concept because it’s about people – not positions. ...
One of the greatest challenges for small business owners (and those who aspire to be small business owners) is securing adequate funding. There is a wide variety of loan programs offered by a wide variety of financial institutions, but actually getting access to the money is something else entirely. ...
Be Careful What You Wish For Need a Cake Bakery wished for more customers. They were selling an average of 1,200 dozen cupcakes each month and, in order to boost that number higher, they created a promotion on Groupon - a website that promotes deep discounts to a wide audience. ...
Curb Appeal It takes the same amount of time for someone to form their first impression of you as it does for you to read this sentence. It doesn’t take much longer than that for someone to form their first impression of your business. What impression does your business make?...
The Ownership Mentality Owners generally behave differently than non-owners. Ask a landlord, car rental manager or entrepreneur. The typical tenant, lessee or employee treats the owner's property worse than if they owned it themselves. Business owners often take enormous risks in order to own their own business. ...
Prepare for 2012 The end is near. No, not THAT end; I mean the end of the calendar year and if you're like most businesses, your fiscal year is also ending. Nothing warms the heart like spending time with family, enjoying great holiday food, and hunting down all of your W-9 forms. ...
You've probably seen these black and white boxes around town that look like TV static. They seem to be popping up everywhere - on cereal boxes, yard signs, the supermarket, and in hardware stores. You may have even noticed the hip crowd (you know who you are) scanning these boxes with their mobile phones. Why? It's a type of barcode, called a QR code (Quick Response) and it's designed to be read by web-enabled smartphones so that more information on the product or service can be quickly found...
Fill In The Blank A few days ago, I heard a group of people discussing some rumors they heard about a local employer. I don't know whether their speculations were true or false, and it doesn't really matter - the rumor mill was in full force because the company had chosen to remain silent about what was really going on...
Marketing is a Promise I went to a quick-serve, chain type restaurant recently and I wasn't expecting much. Get my order right and I'm usually a fairly happy customer. I asked for a slight variation to the item on the menu and the words that came back over the intercom were: "it would be my pleasure". Wow. It was her pleasure to make my order exactly the way I wanted it? That short little phrase started to change the way I thought about that restaurant...
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Be Advised  - Blog RSS feed ![[Feed icon]](http://www.semissourian.com/images/icons/feed-icon-14x14.png){kind=icon} - Comments RSS feed - Send email to Jennifer Hendrickson - Login Jennifer Hendrickson was raised in Springfield, Mo., and has a bachelor's degree in finance and an MBA from Southeast Missouri State University, along with two graduate degrees in banking from Vanderbilt and LSU. After 15 years in financial services she moved to her husband's hometown of Cape in 2003. She left banking four years later to start a business consulting firm. Jennifer and her husband, Rhett, started Hendrickson Business Advisors, LLC in 2007. The firm provides management and marketing consulting services to small and mid-sized businesses across all industries. In 2010, they opened Murphy Business of Cape Girardeau, a locally owned office of a national business brokerage firm with 130 offices in the United States and Canada. Murphy Business helps individuals buy and sell businesses. Visit Jennifer's businesses online at www.HendricksonBusinessAdvisors.com and www.MurphyBusiness.com/CapeGirardeau. Jennifer can be reached at jennifer@hendricksonbusinessadvisors.com or at 573.335.1885.
Hot topics All Great Ideas Are Dangerous(  2 ~ 11:28 AM, May 15)
Consider Seller Financing
Questions Have Answers
It's All About the Earnings
Branding is a Verb
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