FIVE REASONS WHY BUYING YOUR OWN BUSINESS IS BETTER THAN BUYING REAL ESTATE - Part One

Reason #5

Seller Financing – Unlike in real estate where Seller’s and real estate agents look at you like you’re from another planet when you bring up Seller financing, when buying a business it’s very customary and not out of the ordinary to request and get Seller financing.

Matter of fact, it could be a potential red flag when a Seller won’t offer financing. But Seller financing is usually pretty easy to negotiate, especially if you’re bringing a lot of other influencers to the table (experience, down payment, a business or marketing plan).  

Owner-financed sales are nothing new—75 percent of all small-business sales involve some amount of seller financing—but traditional and Small Business Administration lenders now want a greater hedge on their bet.

Seller-financed transactions are especially common when a cash sale or traditional lending is difficult to come by, and the business doesn’t meet requirements for a venture capital investment. Without the typical intermediaries, flexible terms (payment schedule, loan period, interest rate, etc.) can be worked out based on the unique circumstances of the sale.

Should a start-up outsource at an early stage?

QUESTION FROM STARTUPNATION.COM
I have started a new venture with one of my partner in the telecommunication space. We are thinking to outsource but we are not able to decide it. We need some opinions whether a startup should outsource at an early stage or not......suggestions would be appreciated.


See the answers here

How To Build Business Credit For Your Start Up in Today's Economy

Wednesday, 06/01/2011 - 8:06pm
Last edited Thursday, 06/02/2011 - 12:23pm

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Are you using credit to help finance your new business venture?

You’re not alone as statistics show that over 65% off all business owners use credit for business purchases.  But what’s alarming, is that only 50% of those cards are actually in the business’ name.

As a business owner using personal credit cards for business is a risky approach since you assume total liability and if your company is sued or fails you risk losing personal assets and good credit ratings as well.

So how do you go about building credit in the company’s name without putting your personal credit on the line?

For starters, if you operate as a sole proprietorship you’ll need to incorporate your business and obtain aFederal Tax Identification number.

Google Maps — Now With Voice Search

Aug 26, 2011 at 6:03pm ET by Greg Sterling

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Voice search all began for Google several years ago with the now-shuttered, free directory assistance service GOOG-411. After the underlying infrastructure had matured Google introduced it on Android devices and in its iPhone apps. More recently, in July, the company put the same voice search capability on Google.com on the Chrome browser for the PC.

Now it’s extending that functionality to Google Maps.

While voice search on mobile devices is widely used it’s not clear whether many people are yet searching with voice on their PCs. (Insert Star Trek joke here.) In October 2010 Chitika found that voice search was responsible for 7 percent of Google mobile queries on the iPhone and 25 percent on Android devices.

UPDATE: Zero to a Million in 365 Days 08/29/2011 5:02 PM

Created a Facebook Fan page!

Facebook Badges

Created a follow me on Twitter Button on Blogger

Still haven't started content for class :(

UPDATE: Zero to a Million in 365 Days 8/29/2011 2:29 PM

Searching for sound editors and wave files.
SOUND EDITOR
http://www.aviary.com/tools/audio-editor I haven't tried it yet but I'll keep you posted.


SOUND EFFECTS
A good place I found for sound effects are http://www.flashkit.com/soundfx/
it's free so far and it seems to be pretty good. I looked at some others and they all cost money so that doesn't fit our zero to a million budget.

Youtube has a basic video editor @ http://www.youtube.com/editor
It's pretty basic but I think it'll get the job done.

UPDATE: Zero to a Million in 365 Days 08/29/2011 10:35 AM

So this is an update about what's going on with Zero to a Million in 365 Days. This morning has been a learning morning, learning about twitter (information overload), learning about online webinar stuff (information overload), learning about hootsuite (information overload), and now I'm back to creating content.

It's fun but it's going to be a long day!

See you around and check back often.

We're putting together our Zero to a Million in 365 Days webinar

We're in the planning stages of putting together our  Zero to a Million in 365 Days webinar.

We will be posting on our progress often you will see from the ground up what's going on but even more important if you can offer help, guidance or (dare I say it) resources! It will be much appreciated.

This is also an experiment to see how much the twitter universe gets involved with projects, planning and implementation.

Stay TUNED in and come back often!

Thanks
Steven

A Buying Decision Is A Change Management Problem

The sales model focuses on needs assessment and solution placement. Buying is a change management activity. They are two different activities, done at two different – and opposite – points along the buying decision journey.

Sales models to not have the capability to facilitate the buyer’s behind-the-scenes issues and activities to ensure they get the necessary buy-in to bring in an outside solution. But they should, because in the gap between the selling and the buying is where we lose our buyers, and they lose us.

WHEN DOES A BUYER  NEED TO BUY

Just because we perceive a need (And we are right! They do!) doesn’t mean our prospects  want it fixed, or fixed by us, or fixed now. We enter our conversations with a bias: we believe that our solution will rule the day: find the need, pitch the solution. Bingo. Except then we sit and wait. And wait.

But the last thing a buyer needs is a solution. In fact, buyers don’t want to buy anything – they merely need to resolve a business problem. If they are not able to resolve it with a familiar resource, they are forced to select a solution to purchase. But they don’t really want to.

When we enter with a solution – even one that is necessary – buyers have a problem: how do they solve their problem in the easiest, most cost-effective manner? It’s simpler to use an existing resource so less change is necessary. But if they determine they must find a new provider, they must bring in the new solution in a way that leaves their culture whole. All things being equal they really don’t want to disrupt their routines.

No Money? No Problem … Buy A Business With $0 Down

No Money? No Problem … Buy A Business With $0 Down

This question is Not Answered.

No Money? No Problem ... Buy A Business With Zero Down ($0 from your pocket)

I could tell you that there are many "little secrets" that sophisticated business buyers and investors keep to themselves to buy good businesses without using their own money and that now for the "first time" I'm going to disclose them to you ("at the risk of making them mad; but the world has to know" ... right ... what BS ... it always makes me smile when I read it.).

But it's not like that at all.

Acquisition Due Diligence Post-Recession