(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-99108651-1', 'auto'); ga('send', 'pageview'); https://www.sba.gov/business-guide/plan/buy-existing-business-franchise Skip to main content

5 Truths To Outlast The Coronavirus Outbreak | Joseph Prince

<iframe width="480" height="270" src="https://www.youtube.com/embed/0_a-ffZoDsg?clip=
Post a Comment

https://www.sba.gov/business-guide/plan/buy-existing-business-franchise

https://www.sba.gov/business-guide/plan/buy-existing-business-franchise

dont forget special new trainings and learning on the sba websites and several others,  they kiill with pk when we learn

https://www.sba.gov/business-guide/plan/buy-existing-business-franchise

" Any and all existing reports: Now’s the time to put your detective hat on. To start, get a Uniform Franchise Offering Circular (UFOC). This form contains vital details about the franchise's legal, financial, and personnel history."


  • Associated rules and regulations: Every franchise is different. Confirm that you'll have the right to use the franchise name, trademark, and do business in an area protected from other franchisees. You can also find out if you'll get training and management help from the franchisor, and be able to use the franchisor's expertise in marketing and advertising.
  • Contracts: The contract between the two parties usually benefits the franchisor more than the franchisee. The franchisee generally needs to meet sales quotas and buy equipment, supplies, and inventory. Make sure you understand it all before signing.
If you’re interested in buying an existing business, here’s what to look into:
  • Licenses and permits: You'll need to get any needed licenses and permits from the current owner or apply for them yourself. Find out which federal, state, and local permits and licenses you'll need to run your business.
  • Zoning requirements: Zoning requirements may affect your business. Make sure your business follows all the basic zoning laws in your area.
  • Environmental concerns: If you're buying real property along with the business, it is important to check the environmental regulations in the area.
  • The value of the business: There are many different methods to determine a fair price for the sale of the business. Here are a few:
    • Capitalized earning approach: This method refers to the return on the investment that the investor expects.
    • Excess earning method: Like the capitalized earning method, except it separates return on assets from other earnings.
    • Cash flow method: This method is typically used to determine how much of a loan the business' cash flow can support.
    • Tangible assets (balance sheet) method: This method values the business by the tangible assets.
    • Value of specific intangible assets method: This method compares buying a wanted intangible asset versus creating it. "




Comments

Post a Comment

Popular posts from this blog

sBA Grants

2017 Hurricane Recovery: Get information about disaster assistance, or find out how you can help. LEARN MORE Translate SBA en español For Partners Newsroom Contact Us Register Log In Business Guide Funding Programs Contracting Learning Center Local Assistance About SBA Grants The SBA doesn’t give grants to start or expand a business. Small businesses and nonprofits conducting research and development can apply for grants at SBIR.gov. The SBA helps businesses find funding The Small Business Administration does not provide grants to start or expand a business. Instead, we help businesses get loans, surety bonds, and even find venture capital. See if you qualify for any of our  funding programs , or schedule to  meet with a counselor  to talk
Post a Comment
Read more

Buy Assests and Equipment

https://www.sba.gov/business-guide/manage-your-business/buy-assets-and-equipment Buy assets and equipment Your business will need special assets and equipment to succeed. Figure out which assets you need, how to pay for them, and whether you should buy government surplus. Content Know the assets and equipment you need Decide to lease or buy Consider buying government surplus Know the assets and equipment you need Business assets fall into three broad categories: tangible, intangible, and intellectual property. Depending on the asset type, you’ll have to decide whether you want to buy or lease assets for your business. The first step is figuring out which assets will help your business succeed. Tangible assets — like buildings, vehicles, and equipment — are used for regular business activity and lose value over time. Things like printer paper, which get used up, typically don’t get counted as assets. Count tangible assets on your  balance sheet  
Post a Comment
Read more

Marketing and sales

https://www.sba.gov/business-guide/manage-your-business/marketing-and-sales Make a marketing plan Marketing takes time, money, and preparation. One of the best ways to stay on schedule and on budget is to make a marketing plan. It describes the actions you’ll take to persuade potential customers to buy your products or services. Your  business plan  should contain the central elements of your marketing strategy. Your marketing plan turns your strategy into action. Use these sections in your marketing plan Most marketing plans cover these topics. As always, use what works best for your business. Target market Describe your audience in detail. Look at the market’s size, demographics, unique traits, and trends that relate to demand for your business. Competitive advantage Describe what gives your product or service an advantage over the competition. It might be a better product, a lower price, or an excellent customer experience. Sometime
Post a Comment
Read more