Business Grants Success Stories
Business Grants - Success Stories
Business Grant Success Stories Home
15. Learn how to seek angels and adventurists and go after them.
Play your cards right, and you may be able to avoid heading to the bank altogether. At the very least, you've made your banker's job easier by reducing the risk. Your initiative and your innovation are the only tools you need.
Bonus tip!
You may be able to find a new employee who's also an investor. Advertise in the employment section, offering an equity position to a qualified individual.
Why use a buyer advocate?
Get it right and experience growth instead of grief
By Steven Beal and Ted J. Leverette
A knight returned to his king after a successful campaign. "Your grace," he said, "I have waged war in your name these past months, and conquered many foes. I have led assaults on castle after castle. Their lands and riches are yours. Your enemies in the east have been subdued."
The king, having taken the first part of this message with great excitement, suddenly widened his eyes. His jaw dropped. He sputtered, "But I have no enemies in the east!"
The knight swallowed and quietly replied, "You do now."
Buyer enthusiasm isn't always enough. In fact, it can lead to a fatal case of buyer’s fever.
We tell buyers to be careful if they act on what they know, because if they are wrong or don't know everything they should know about purchasing a business, they can make big mistakes.
A Buyer Advocate’s goal is to facilitate the safe, profitable transfer of businesses, as quickly as possible—so every party to the transaction gets a win-win deal.
Who Benefits?
The buyer: A Buyer Advocate does not divert buyers away from brokers. He advises the buyer to include by-owner sellers in the search, because this expands the buyer’s choices to all the businesses for sale. A competent Buyer Advocate does not disrupt deals; asks reasonable questions; does not under-value a business, but will base a business valuation on reality.
The seller, because a sale occurs.
The business broker, because a buyer who understands the buying process can expedite due diligence and deal making. (An uninformed buyer who regrets his purchase is likely, after buying the business, to blame the broker for problems that arise with the business.)
A Buyer Advocate’s mission is to get the buyer the best value on the most lucrative terms.
Previous (14) | Next Page (16)
|