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H.R. – Human Resource Questions for Small & Medium Sized businesses in regards to on going operations and Exit Strategy Planning
Tami Wiersma, PHR, the President at QCHR, Inc. based in Brea, California is kind enough to answer common questions that business owners have when it comes to H.R. issues with operating their business. QCHR, Inc. is a full service Human Resources Consulting firm in Brea, CA. Q: The employee handbook has not been updated in a while, how often should it be updated? A current employee handbook is the foundation of communication within a company and should … Read entire article »
Filed under: Business Tips, Selling A Business
Ramification of Depreciation Expense and Schedule in the Sale of a Business
There are many reasons a profitable business doesn’t show as much profit on the tax returns as the business actually generates, one of those reasons that will be highlighted here is depreciation. Depreciation is a ‘non-cash’ expense recorded on a tax return that reduces the taxable profit of a business. Depreciation is a write off associated with the capital expenditure on tangible assets. Tangible assets would be physical equipment used to conduct business including what is … Read entire article »
Filed under: Business Tips
Credit Card Processing FAQs, Navigating Tiered Rates, Long Term Contracts, Equipment Leases and more
Choosing a credit card processing company can be a tricky process for a new business, and even trickier to switch credit card processing companies for an existing business. There are a lot things to consider, which can end up being very confusing, which can lead to expensive mistakes. Stephen Ronnow, Merchant Services Consultant & Broker, is a veteran of the merchant services industry, answers common questions regarding merchant services to help with informed decision making. Is it better … Read entire article »
Filed under: Business Tips
Is your short lease term affecting the sale of your business
If you are planning on retiring or leaving your business soon, having just a short time remaining on your lease can give you a feeling of freedom, since you see the light at the end of tunnel. However, what about selling your business to a buyer? Will having very little lease term remaining be an issue? Yes, in most situations it will be an issue. For a buyer to complete the purchase of a business, … Read entire article »
Filed under: Business Tips, Commercial Leasing
What to Negotiate in your Commercial Lease BEFORE you open your business
The success of a business depends on many factors, including the terms of the premises lease. This post is a discussion of seven of the many important items to negotiate in a business lease before signing it and opening the doors for your business. The Lease Rate Below Fair Market Lease Rate If you are able to negotiate a below fair market lease rate then you are in good shape, as it gives you a great leg up … Read entire article »
Filed under: Commercial Leasing, Negotiation
Using SBA 7(A) & SBA/CDC 504 loans for Working Capital, Equipment Financing, Real Estate Purchase, Debt Refinancing, Business Acquisition & More
A lack of access to financing can be a major impediment to rapidly growing a business. Qualifying for bank loans and financing is a tricky process. SBA loans are often viewed as an easy to get loan, but it is important to make sure you understand what the loans are for, and even more important to figure out which banks are interested in doing the loans for businesses in your industry. The Two primary types of … Read entire article »
Filed under: SBA
Business Valuation & Negotiation Lessons from Shark Tank Baker’s Edge, Tie-Not, BZBox & Foot Fairy
Matthew Griffin & Emily Griffin enter the Shark Tank to pitch their business called Baker’s Edge. The Griffins wanted to take baking to another level, so they created their first product which is a baking pan for brownies that is designed to maximize the ‘edge’ and ‘corner’ pieces in a rectangular pan. As you can see in the image, the design of the pan has an open layout of walls inside to increase surface contact … Read entire article »
Filed under: Business Tips
Business Valuation & Negotiation Lessons from Shark Tank Bon Affair Wine Spritzer, Oru folding Kayak, Cinnaholic and Cousin’s Maine Lobster update
For those who like to drink wine but would like fewer calories, lower alcoholic content and less dehydration, there is a product being pitched on Shark Tank that fits the bill. It’s called Bon Affair and it is a wine spritzer being pitched by Jayla Siciliano from hails from Solana Beach, California. Siciliano enjoyed wine but found it hard to enjoy frequently due to a hectic schedule as she needed to be full of energy … Read entire article »
Filed under: Business Tips
Business Valuation and Negotiation Lessons from Shark Tank featuring GrooveBook update, HangEase, Susty Party, Angellift & The Bouqs Co.
Eco friendly products and business are getting more and more attention as consumer awareness of sustainability. Pitching the Shark Tank a sustainable party supplies business are Jessica Holsey and Emily Doubilet from Brooklyn, New York. Holsey & Doubilet call their business Susty Party. They were inspired to create Susty Party after attending countless parties that used disposable products that were not easily recycle-able. Holsey & Doubilet claim that their Susty Party products are non toxic, compostable … Read entire article »
Filed under: Business Tips
Pet Grooming Business For Sale in Los Angeles County
Established pet grooming business for sale in La Mirada, California in Los Angeles County near the border of Orange County. This pet grooming business has been established since 2010. Business is owner operated, and for sale due to serious health issue. Facility is located in large shopping center that features franchise businesses and is anchored by a big box grocery store. The business is currently open five days on a Tuesday through Saturday schedule. The … Read entire article »
Filed under: Business Opportunity For Sale
Business Valuation & Negotiation Lessons from Shark Tank Mo’s Bows, Rugged Maniacs, Crio Bru, Cerebral Success, Marz Sprays
Getting pitched on Shark Tank is a supplement business called Cerebral Success. The entrepreneur behind Cerebral Success is Trevor Hiltbrand, who hails from Provo, Utah. Hiltbrand created Cerebral Success to help him with college. He wanted to be able to maintain clarity and focus while studying, and he wanted to stay away from abusing prescription drugs. So, he created his own formula and called it Cerebral Success. Cerebral Success does have a list of ingredients … Read entire article »
Filed under: Business Tips
Difference Between Goodwill & Blue Sky in regards to business valuations
The terms Goodwill and Blue Sky are often used interchangeably. A primary reasons for this is that it is assumed that they are the same thing. For practical purposes, in regards to business valuations, there is a distinction between the two terms. Goodwill: Let’s start with Goodwill. A conventional definition of Goodwill would be the amount of money paid for an on-going business beyond its book value. A simple example is a business that has $600,000 in tangible … Read entire article »
Filed under: Business Valuation
Business Valuation & Negotiation Lessons from Shark Tank Fort Magic, Ilumi, Wine Doctor, Zoobean & Breathometer
Wine related products have been a popular item to see pitched on the Shark Tank. Chase Hoyt from Los Angeles, pitches his wine accessory called the Wine Doctor to the Sharks. Wine Doctor is a prodcut that can be used to preserve open bottles of wine. But, Wine Doctor can also be used to preserve other products such as Olive Oil. The Wine Doctor is a silicon cork with a vacuum pump that removes air … Read entire article »
Filed under: Business Tips
Business Lessons from Shark Tank Power Pot, Ava the Elephant, Quick Stop Fire Sprinkler Tools, Fun Time Express Electric Trains, Taylor Robinson Music
Is it possible to generate electricity using fire and water simultaneously to charge a portable electronic device? Yes, it is thanks to Power Pot. The creators of Power Pot are Caleb Light and David Toledo who run the business from Salt Lake City, Utah. Power Pots are a portable kit that can be used to heat water used to prepare food while engaged in activities such as camping. Power Pots use the excess heat generated … Read entire article »
Filed under: Business Tips
Business Lessons from Shark Tank Happy Feet Womens Shape Wear Velocity Signs Bean Bag Beds & Lord Nut Levington’s Flavored Peanuts
Pitching the Shark Tank on his flavored peanut snack business is Sanjiv Patel from Dallas Texas by way of London Texas. The business is called Lord Nut’s peanuts and sports an irreverent ‘mascot’ in Lord Levington. Lord Nut peanuts come in six flavors, and are available online and in stores. Sanjiv Patel was a part of the management team that oversaw the sale of Stacy’s Pita Chips to a major manufacturer, so it’s clear that … Read entire article »
Filed under: Business Tips
Shark Tank Business Valuation & Negotiation Lessons Fiber Fix, Morninghead, Garage Door Lock, Chapul & Packback textbook rental
Getting an update segment on the Shark Tank are Spencer Quinn and Eric Child who pitched their product called FiberFix. FiberFix showed really well on the show and was definitely viewed as a useful product by the sharks. Expect to see some huge sales for FiberFix as it garnered a lot of positive feedback from Shark Tank viewers who were tweeting along with the show. A little background on what FriberFix is for those that are … Read entire article »
Filed under: Business Tips
Warehouse property for lease in Commerce, California 90040
Warehouse property for lease in Commerce, California. Location is 2202 S. Atlantic Blvd Commerce, CA 90040 Approximate Building Square Footage is 4,500 Office build out is approximately 800 square feet, set up into two offices, a reception counter and a conference room. The two offices have a separate direct front door entrance from the lobby. The main entrance is to the lobby. Office has HVAC. Warehouse space is cooled with two swamp coolers, no heating in the … Read entire article »
Filed under: Commercial Leasing
Negotiation & Business Valuation Lessons from Shark Tank Revo Lights, Squeeky Knees, U-Lace, Buffer Bit, Kazam Update
Getting an update segment in the Shark Tank is Mary Beth Lugo who pitched a line of training bicycles called KaZAM training bikes. Mary Beth Lugo scored a deal from Mark Cuban and Barbara Corcoran. Cuban and Corcoran have invested in another bicycle business called Villy Customs. Corcoran is a noted enthusiast of bicycles. Anyhow, expect to see good news with the business, which was already very successful to begin with. As a refresher, KaZAM … Read entire article »
Filed under: Business Tips
Negotiation & Business Valuation Lessons from Shark Tank Bambooee, Cheekd, Buzzy4Shots, Kiss Stix & Self making bed
Noam and Irene Krasniansky are the husband and wife team behind Bambooee. Bambooee is a line of cleaning products that are like paper towels but made from bamboo. Bambooee ‘paper towels’ can be washed in washing machines up to a 100 times. This means that users of Bambooee can make a roll last a long time, which reduces money spent on regular paper towels. The Krasniansky’s came up with the product over a 2 year … Read entire article »
Filed under: Business Tips
Negotation & Business Valuation Lessons from Shark Tank Southern Culture Foods DDP Yoga Moberi Concealed Carry Academy Game Face Company Update
Treating the sharks to some Southern hospitality is Erica Barrett from Atlanta, Georgia. Erica’s company is called Southern Culture Artisan Foods. The current product line is breakfast foods. Barrett chose breakfast foods as the line to launch Southern Culture Artisan Foods with since she felt that stores were missing quality breakfast products more than for other meals. Barrett has a long history of cooking up delightful creations starting at the age of 9. Southern Culture … Read entire article »
Filed under: Business Tips
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