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Jim McDonald's Articles in Business

  • Preparing Your Business for Sale
    Selling a business is an exciting time an any business owners life. It is also a time when you should prepare the business for sale so you have a smooth transaction.
  • Getting Your Business Noticed
    Selling a business can be a very stressfull time in your life. Make sure you are prepared for the sale and and avoid any making mistakes which could cost you thousands.
  • Owning a Restaurant Business
    Before you purchase a restaurant business for sale, make sure you fully research what is involved in owning and operating a restaurant.
  • What to Look for in a Pub for Sale
    When buying a pub for sale it is very important to make sure that there is an insurance policy in place. A policy that suits your needs and requirements.
  • Preparing a Business for Sale
    Before you start promoting and advertising your business for sale, make sure you have your business prepared for the sale. Business owners sometimes skip important steps in the selling process which could cost you thousands.
  • Buy a Business for Sale and Don't Lose Money with a New Business Venture
    Buying an existing business is considered a safer bet compared to starting a business from scratch. There are Pro's and Con's for both.
  • Selling a Business and Making a Profit
    Selling a business is a difficult decision no matter what the circumstances are. Make sure you do all of the required research in order to acheive the best price for your business for sale.
  • Get the Ball Rolling with a New Business Idea
    Most entrepreneurs who starting a new business idea or venture, have usually had some previous experience. For most beginners, they need some encouragement and advice to get the ball rolling.
  • Starting a Business with No Capital--Do You Have What It Takes?
    You may believe that business startups require lots of cash. The truth is that businesses are started every day with zero funds at the beginning. The process is called bootstrapping. If you want to start a service business and are willing to be creative, flexible and open to new ideas, then you already have a head start on starting your own business with zero funds.
  • Buying an Established Business Helps You Avoid the Fear Factor
    Imagine the satisfaction of being your own boss and running a profitable company. Unfortunately, many people never get started because the high failure rate of new businesses scares them away. When you buy an existing business, you can take a short-cut around the difficult first years of business. This article covers several advantages of purchasing an established company over starting from nothing.
  • How to Find the Best Business Opportunities
    There are plenty of business opportunities available that can help you get started working for yourself. But you should be choosy when deciding. Investigate everything carefully and pay particular attention to the continuing support offered by the company that is promoting the offer. Once you've invested your time and money, you don't want to be left high and dry.
  • Selling a Business? Get Inside the Buyer's Head
    When you're selling a business, it's important to try getting inside the head of the buyer. What are they looking for in a business? Why do they want to buy an existing business? What are the key factors that will seal the deal? Buyers ask for financial details and cash flow summaries, but what they really want to know is whether or not your business will help them realize their dreams.
  • Selling Your Business--DIY or Hire a Pro?
    Marketing your business for sale is a multi-faceted process in which many different things are happening all at once. Business valuation, pricing, advertising, qualifying prospects, and negotiating are all preludes to the main event of actually closing the sale. Some owners find that they prefer working with business brokers who will handle all the different parts of the transaction. However, marketing your own business for sale is very possible and can be quite successful.
  • Do I Really Need a Business Broker?
    Business brokers can take the difficult, complicated process of selling or buying a business and turn it into a smooth, almost effortless affair. There are excellent reasons to bring business brokers into your business sale or purchase--they save time, keep things confidential and have a lot of experience they can bring to the table. However, purchasing or selling your business has advantages and benefits of its own. This article tries to discover the truth--do you really need a business broker.
  • Selling a Business for a Profit
    If you're selling a business, then you are probably interested in maximizing your profit from the sale. After all, you've put a significant portion of your life into the business and it would be nice to see something tangible come out. A few factors--like economic conditions--are difficult to predict or control. But there are several other aspects of the sale that you can adjust in your favor and increase the odds of selling a business for a profit.
  • Marketing Your Business for Sale
    For most people, marketing your business for sale is a once or twice in a lifetime activity. There are many parts to the marketing process, including pricing, advertising, negotiating and completing the sale. Some owners who wish to sell choose to work with business brokers to ease the process. But if you're willing to put in the extra hours, working on your own to market your business for sale is possible.
  • The Pros and Cons of Business Brokers
    Business brokers can make buying or selling a business a smooth and effortless transaction. There are good reasons to work with business brokers--they can save time, maintain confidentiality and bring a lot of experience to the deal. At the same time, there are advantages to buying and selling a business on your own. This article examines the pros and cons of business brokers.
  • Can A Migrant Purchase An Existing Business in Western Australia?
    Western Australia, the country's largest state, is rich in raw materials and has a thriving business sector. Yet there is even more potential for growth that a migrant businessman might find very attractive. The good news is that migrants are allowed and even encouraged to purchase an existing business in Western Australia. However, all the normal steps for evaluating a business purchase remain in place.
  • How Does The GST Affect My Business In New South Wales
    The Australian GST is a value-added tax that went into effect on July 1, 2000. After a great deal of confusion, business processes seem to have settled down and the GST is becoming a expected feature of doing business. However, the GST will affect your business in New South Wales, especially through the costs of compliance.
  • Are You Looking For A Sea Change In Sunny Queensland?
    If it's time for a great transformation, for a sea change in your life and business, then you might want to think about moving to sunny Queensland. From natural beauty to relaxed living to a pro-business government, Queensland offers the perfect environment for relocating your current business or starting a new one.
  • The Risks Involved When Buying an Existing Business
    Buying an existing business to be an excellent way to fire your own boss. There's much less risk involved compared to starting a brand-new business. But that doesn't mean the buying an existing business is risk-free. There are actually several ways the buying an existing business could turn out badly. Fortunately, most of these risks are avoidable.
  • Sell Your Business at the Right Time for Maximum Profits
    There are many good reasons to sell a business. But if you're looking for maximum profits, some times are better to sell your business than others. Avoid trying to sell during a general recession, an industry downswing or when your business might be under-performing. Sometimes personal circumstances dictate a sale even when the time isn't best.
  • Be Your Own Boss and Buy Your Own Business
    Owning your own business is the only way you can be your own boss. But starting a new business can be uncertain and may lead to failure. If you buy your own business instead, you will have much greater chances of success. There are many advantages to buying an existing business compared to starting a new business from scratch.
  • Choosing An Australian Franchise Opportunity
    One of the most popular franchise opportunities in Australia is in the food business. Food is very marketable simply because to eat is a necessity to everyone.

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