Archive: November 2015

When your business needs a new facility, you face the dilemma of whether to buy your own space or lease a suitable property. While leasing offers several nice benefits like smaller upfront costs and minimal site maintenance, there are at least five very compelling reasons that buying your own facility could make more sense for your company. Buying your own property: Saves You Money Over Time Buying a property will require more money at the outset. A down payment of between 25 percent and 30 […]

The Small Business Administration’s 8(a) Program is designed to help socially and economically disadvantaged small business owners break overcome those hardships. Securing a spot in the program can be a huge windfall for growing companies, but the process is not easy. Here are some tips on getting in and making the most of the 8(a) program: In order to be a prime candidate for the program, your company should already have done some prior business with government agencies. The 8(a) program is […]

The Small Business Administration has designed a program to help entrepreneurs that may have to overcome social or economic disadvantages in business by giving them a boost into government contracts. It is called the 8(a) Business Development Program and it can be a huge financial benefit to those who qualify. The 8(a) program is a nine year plan with two stages. The first four years are the developmental phase when a socially or economically disadvantaged company gets mentoring and education, […]

To many entrepreneurs their companies are their babies, their dreams, their passion. And yet there may be a time to let it go or at least relinquish some control of it. Such an instance might be when an early buyout offer is received. A buyout is when another company offers to purchase a majority hole (51 percent or more) of a business, either in stock shares or partnership rights. When the deal is struck, the new owner can continue the business unchanged, but he or she could also merge it with […]