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Three C’s to Qualifying For Bank Loans, Lines of Credit, Working Capital, Equipment Financing, Acquisition Financing and other Bank Financing

Three C’s to Qualifying For Bank Loans, Lines of Credit, Working Capital, Equipment Financing, Acquisition Financing and other Bank Financing

There are Three important keys to getting small business financing bank loans, whether it is in the form of a line of credit, working capital, equipment financing or even acquisition financing: Capital Capital is the up front funds the bank expects you to infuse into a business venture when applying for a bank loan.  Banks refer to it as having “skin in the game.”  If you don’t put up your share of the funds into a project, … Read entire article »

Filed under: SBA

Business Valuation & Negotiation Lessons Shark Tank Ice Chips Candy Tom and Chee Ryans Barkery VerbalizeIt Three Days Rule

Business Valuation & Negotiation Lessons Shark Tank Ice Chips Candy Tom and Chee Ryans Barkery VerbalizeIt Three Days Rule

Ice Chips Candy gets an update segment on Shark Tank.  You may recall when Yelm, California based entrepreneurs Beverly Vines-Haines & Charlotte Clary pitched their sugar free alternative mint candy.   Ice Chips Candy use Xylitol, which is an alternative sweetener.  Most of the times the Sharks enjoy the food or treats they eat and Ice Chips Candy was no exception.  The Sharks were interested as the sales had been near $1 Million Dollars for Ice Chips Candy.  This proved to … Read entire article »

Filed under: Business Tips

Preparing to Sell a Franchise Business

Preparing to Sell a Franchise Business

Preparing to sell a business involves many steps.  General Exit Strategy topics are covered in other articles on the website.  This post will discuss the specifics of Selling a Franchise Business.  To sell a business requires many steps and events to occur.  With so many points to cover in a business sale transaction, it’s important to note that any one item can unravel a transaction and leave a business seller alone at the altar.  Preparing … Read entire article »

Filed under: Franchises

Realtor & Real Estate Agents Referring Business Owner Clients to Business Brokers

Realtor & Real Estate Agents Referring Business Owner Clients to Business Brokers

Often times Real Estate Agents and Realtors are asked by their clients to help them sell an on-going business.  (The industry jargon for selling businesses, is ‘Business Opportunity Listings’).  But, can Real Estate Agents and Realtors sell businesses?  In California they can, as the Department of Real Estate licenses Real Estate Salespersons and Real Estate Brokers to sell Real Property (Real Estate) and Chattel Real (Business Property).  However, most real estate offices do not specialize … Read entire article »

Filed under: Real Estate Tips

Business Valuation & Negotiation Lessons Shark Tank RuckPack Aldo Orta Jewelry Tie Try Cork’s Away Nearly Newlywed Wedding Dresses

Business Valuation & Negotiation Lessons Shark Tank RuckPack Aldo Orta Jewelry Tie Try Cork’s Away Nearly Newlywed Wedding Dresses

Appearing on Shark Tank is Rob Dyer of Noots! Nutrition, LLC which has a subsidiary product called RuckPack.  RuckPack a single-source, power-packed vitamin & energy shot.  Rob Dyer received the inspiration to create RuckPack from his background in the Marines, specifically in the Special Ops division.    Rob Dyer’s experience during active military deployment demonstrated to him that he needed an energy drink that was small in size and could deliver the results without caffeine, which can cause … Read entire article »

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Business Valuation & Negotiation Lessons from Shark Tank KaZAM Balance Bike Babys The Spatty Daddy BadAss Burgers Track Days Motorcycle Movie Pink Shutter PhotoBooths

Business Valuation & Negotiation Lessons from Shark Tank KaZAM Balance Bike Babys The Spatty Daddy BadAss Burgers Track Days Motorcycle Movie Pink Shutter PhotoBooths

Appearing in the Shark Tank will be Mary Beth Lugo pitching her product line of training bicycles called KaZAM training bikes.  KaZAM training bikes are designed for children between the ages of 3 and 6.  What is unique about KaZAM training bikes is that they do not have any pedals.  Yes, you read that correctly, KaZAM training bikes do NOT have any pedals.  But wait, it gets better, there are NO training wheels either on KaZAM training bikes.  … Read entire article »

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Shark Tank Business Valuation & Negotiation Lessons Squirrel Boss Bird Feeder eCreamery.com GumboBrick MistoBox Coffee Vermont Butcher Block & Board Company

Shark Tank Business Valuation & Negotiation Lessons Squirrel Boss Bird Feeder eCreamery.com GumboBrick MistoBox Coffee Vermont Butcher Block & Board Company

Are you a bird lover who enjoys watching them feed in peace?  Don’t want squirrels to bother them?  Then the Squirrel Boss bird feeder just might be the product for you.  The Squirrel Boss bird feeder was developed by Pennsylvania based Mike DeSanti.  Mike DeSanti is another entrepreneur who took it upon himself to solve a problem that had been vexing him.  The bird feeder that he used in his yard at his home was constantly … Read entire article »

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Shark Tank Business Valuation & Negotiation Lessons Billy Blanks Jr Dance With Me nPower Peg Mission Belt Fishing Ammo Wicked Good Cupcakes

Shark Tank Business Valuation & Negotiation Lessons Billy Blanks Jr Dance With Me nPower Peg Mission Belt Fishing Ammo Wicked Good Cupcakes

Billy Blanks Jr’s Dance With Me program will receive an update segment on Shark Tank.  You will recall that the Billy Blanks Jr’s segment for Dance With Me was a very emotional segment that featured a twist.  Usually when entrepreneurs leave the set without a verbal deal, that is the end of the story.  However, Daymond John was touched by the story and reached out to Billy Blanks Jr. to make a deal for Dance With Me … Read entire article »

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Shark Tank Business Valuation Negotiation Lessons Scrub Daddy Stella Valle Geek Chic Jones Scone Luggage Pickup Valet

Shark Tank Business Valuation Negotiation Lessons Scrub Daddy Stella Valle Geek Chic Jones Scone Luggage Pickup Valet

The Scrub Daddy is one of the most popular products that has appeared on the Shark Tank.  The good news is that the versatile sponge known as the Scrub Daddy is getting an update segment.  What makes the Scrub Daddy so handy is that it easily go from soft sponge to firm enough to scrape with by simply running cold water on it.  You may recall that interest in the Scrub Daddy led to quite a bit of negotiation … Read entire article »

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Shark Tank Business Valuation & Negotiation Lessons GOBIE H2O Root Suit Liddup The Coop LA Echo Valley Meats

Shark Tank Business Valuation & Negotiation Lessons GOBIE H2O Root Suit Liddup The Coop LA Echo Valley Meats

Do you prefer to avoid bottle water to reduce your consumption of plastic or other reasons, but dislike the taste of tap water?  If the answer is yes, then you will be interested in checking out the GOBIE H2O’s filtered water bottle.   GOBIE H2O was pitched last in the Shark Tank by Rusty Allen from San Diego, California.  GOBIE H2O’s bottles use an active carbon filter to remove the unpleasant chlorine taste and odor from your … Read entire article »

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Shark Tank Negotiation & Business Valuation Lessons Drop Stop Simple Sugars Cool Wraps Traditional Fisheries Buggy Beds

Shark Tank Negotiation & Business Valuation Lessons Drop Stop Simple Sugars Cool Wraps Traditional Fisheries Buggy Beds

Maria Curcio and Veronica Perlongo from Freehold, NJ, are getting an update segment on their popular product known as Buggy Beds.  Buggy Beds is an early detection system for, you guessed it, Bed Bugs.  Shark Tank update segments usually convey good news, so we’ll expect to hear that Maria Curcio and Veronica Perlongo have experienced tremendous growth in Buggy Beds Gross Sales.  One reason that Buggy Beds made for such a memorable Shark Tank segment is that all five … Read entire article »

Filed under: Business Tips

Eminent Domain – Getting the Right Value and Knowing Your Rights

Eminent Domain – Getting the Right Value and Knowing Your Rights

Eminent Domain is a scary sounding proposition.  Your property and/or your business can be shut down and taken away from you against your will.  The real estate has value, but what about the business located at the real property?  How about the value of the business?  What are your options?  How can you make sure you get a Fair Market Price for the business?  Courtesy of the Partners at Nossman, LLP, a California Eminent Domain … Read entire article »

Filed under: Business Valuation

Season 5 Shark Tank Open Casting Atlanta, Dallas, Chicago, Philadelphia, Los Angeles

Season 5 Shark Tank Open Casting Atlanta, Dallas, Chicago, Philadelphia, Los Angeles

Do you have the next Scrub Daddy, SoundBender, Magic Tattoo Remover, ReadeRest Eye-Glass Holder, Lollaland Lollacup or Vurtego Pogo Stick?  Then, Great News for you and other entrepreneurs hoping to get their business, product or idea on to Shark Tank.  Shark Tank has been renewed for a 5th season!   Coinciding with this is an announcement of the Season 5 Open Casting Schedule.  Atlanta, Dallas, Chicago, Philadelphia and Los Angeles are the five cities that … Read entire article »

Filed under: Business Tips

Negotiation & Business Valuation Lessons from Shark Tank Cellhelment CordaRoys Bean Bag Beds Tower Paddle Boards Baby Loves Dance Lose 12 inches

Negotiation & Business Valuation Lessons from Shark Tank Cellhelment CordaRoys Bean Bag Beds Tower Paddle Boards Baby Loves Dance Lose 12 inches

The Shark Tank update segment will cover Tower Paddle Boards, which received an investment from Mark Cuban.  Tower Paddle Boards is based in San Diego, which makes a lot of sense as that is a great city for surfing related activities.  The Tower Paddle Boards are fun and easy ways to enjoy a fun time out in the ocean.  One thing to remember from the initial appearance is that while Stephan Aarstol was asking for $1.5 MM Dollar … Read entire article »

Filed under: Business Tips

Questions to ask a Bank about getting Small Business Financing, Lines of Credit, Loans & SBA Loans

Questions to ask a Bank about getting Small Business Financing, Lines of Credit, Loans & SBA Loans

If you are seeking Bank Financing for your small business in the form of a conventional loan, SBA loan, Line of Credit or some other financing, what are the questions to ask a bank to help you gauge the bank’s ability to come through for you?  Here are three important questions to ask a bank when assessing the feasibility of procuring bank financing in the form of a loan or line of credit. Where is the … Read entire article »

Filed under: SBA

Shark Tank Business Valuation & Negotiation Lessons Neo Mag Light Tattoo Removal, PSI bands, Nuts N More, Jeska Shoe Company, SurfSet Update

Shark Tank Business Valuation & Negotiation Lessons Neo Mag Light Tattoo Removal, PSI bands, Nuts N More, Jeska Shoe Company, SurfSet Update

Third into the Shark Tank was Neo Mag Light aka Black Magic IPL Tattoo removal is the brainchild of Nick Gonzalez & Kevin Mack from Westminster, Colorado.  Neo Mag Light aka Black Magic IPL Tattoo removal is an innovative product that allows people to remove tattoos on their own.  The product is designed for use in the home.  Neo Mag Light (Black Magic IPL) comes in a smaller version for smaller tattoos, and can be used to test … Read entire article »

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Shark Tank Business Valuation & Negotiation Lessons – Proof Wood Eyewear, Addison’s Wonderland, Muddy Water Camo, Hip Chix Denim & Liquid Money Cologne & Perfume

Shark Tank Business Valuation & Negotiation Lessons – Proof Wood Eyewear, Addison’s Wonderland, Muddy Water Camo, Hip Chix Denim & Liquid Money Cologne & Perfume

Proof Eyewear was last into the Shark Tank to pitch it’s line of Eco friendly eyewear which is all made in America.  Proof Eyewear offers wood based frames for sunglasses and prescription eyewear.  Proof Eyewear started in 2010, and is based out of Eagle, Idaho.  Proof Eyewear is run as a family business by three brothers, Brooks, Tanner and Taylor Dame.  Proof Eyewear is sold in specialty retail stores, and online.  The story that Brooks, Tanner and … Read entire article »

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Shark Tank Business Valuatiom and Offer Negotiation Lessons The SmartWheel, Gotta Have S’More, How Do You Roll Sushi, Pretty Padded Room Online Therapy & Invis-a-Rack

Shark Tank Business Valuatiom and Offer Negotiation Lessons The SmartWheel, Gotta Have S’More, How Do You Roll Sushi, Pretty Padded Room Online Therapy & Invis-a-Rack

Carmen Lindner from Marina Del Rey California is on Shark Tank to pitch her tasty looking dessert creation called Gotta Have S’More.  Carmen Lindner’s Gotta Have S’More looks to be a tasty creation that should have the sharks interested in a muffin crossed with a smore, which come in many different chocolate flavored combinations.  Gotta Have S’More’s are sold in retail outlets in the Los Angeles area, and also are sold online with two day delivery … Read entire article »

Filed under: Business Tips

SBA Loans, Lines of Credit and other Financing for Small Businesses – Choose Local Community Banks

SBA Loans, Lines of Credit and other Financing for Small Businesses – Choose Local Community Banks

Getting an SBA loan, financing, lines of credit or other business loans for small businesses sounds like a simple affair.  Just walk into the nearest big name national bank and apply.  The same bank that airs many commercials on television proclaiming that the bank is helping America’s small businesses grow by offering them business loans and lines of credit. The thing is, that they do make plenty of loans, but primarily to very large ‘small businesses.’  This … Read entire article »

Filed under: SBA

Shark Tank Business Valuations, & Negotiation Lessons Ava the Elephant CitiKitty HoodiePillow, Grinds Grounds Coffee Pouches My Cold Snap Green Garmento

Shark Tank Business Valuations, & Negotiation Lessons Ava the Elephant CitiKitty HoodiePillow, Grinds Grounds Coffee Pouches My Cold Snap Green Garmento

Update segment involves a hit product from Season 1 of the Shark Tank, known as Ava the Elephant, available on Amazon.  Tiffany Krummins is the inventor, and the update segment shows that she has great story showcasing the American Dream.  She made a product to solve a problem she had administering liquid medicines to her child.  Necessity is the mother of all invention.  With an investment from Barbara Corcoran, Ava the Elephant has taken off and … Read entire article »

Filed under: Business Tips