How does your retail operation compare?
A lot of the old retail “rules of thumb” have fallen by the wayside in this economy, but we collected this new data from Jon Brandow, CEO of Bizminer, one of the leading provider of comparative data for business owners. These will give you a chance to see how your business compared to other retailers [...]
VC funders are still comatose
At least that’s what we hear from one anecdotal response posted at the Pepperdine Private Capital Markets Project. Andrew Eros, Managing Partner and COO of Ranger Precision, tells this story:
We went through 42 groups in 6 months and just signed a term sheet. We consider ourselves very fortunate based on the attitude of the [...]
New “chain of ownership” reporting documents controlling interests
Thanks to the Minnesota Business Valuation Group for alerting us to new ownership reporting requirements: business tax filers with multiple owners must now answer new tax questions due to changes in reporting on Internal Revenue Service (IRS) form 1065, the U.S. Return of Partnership Income. Passed in 2008, the requirement for partnership returns became effective [...]
You can’t do better than this family when transferring wealth to your kids
Samuel Black Jr. was born into poverty in 1902, began peddling bread and newspapers in his Pennsylvania hometown when he was 11; started with the Erie Indemnity Co. in 1925 when it just insured automobiles, and stayed until he was senior vice president and a director—and the company was a national, multiline insurer. Bullish on [...]
If you want to increase value, don't compete on price
f you are a small business owner, the last thing you want to do is compete on price. Price-competing businesses are racing each other to the grave. There will always be someone else around the corner that figures out how to do it faster and cheaper. Read on to find out a better way for [...]
Share your thoughts..