Why did Filene’s Basement Close?

Filienes Basement

What’s wrong with this picture? First, does this look like a basement to you? Second, it is in suburban New Jersey where I would guess no one has any idea who Filene was and how he changed the way people shop for clothes. Sadly, Filene’s Basement will be liquidating in January 2012 putting more than [...] Read more »

When should you say YES to an offer?

Google-vs-Groupon

The article below discusses Groupon’s rejection of Google’s $6 billion buyout offer and the subsequent choice by Google to compete directly with Groupon rather than pursue a purchase. While the dollars may be larger and the service offered more esoteric than your business, the ramifications of Groupon’s choice should resonate with all business owners:  Is [...] Read more »

Transferring Your Family Business to a Child Can Have More Complications Than You Think

Money Path

You are probably saying to yourself, “I know when I am going to retire and I know my son/daughter wants to take over, so what could possibly prohibit that from happening?” Unfortunately, lack of a capable or interested successor for your business is not the only problem. The most significant challenge to family business owners [...] Read more »

What You Should Know About Working With Business Brokers

questions

At Beacon Equity, we spend a lot of time and marketing dollars to make potential clients and their advisors aware of the importance of having a qualified business intermediary involved in the purchase or sale of a business.  Inc., Magazine recently published an article outlining important points regarding the selection of the right broker for [...] Read more »

Selling the Brooklyn Bridge?

adjusted-beacon-sells

There is an old expression about being stupid enough to buy the Brooklyn Bridge. This expression recently came to mind when I was on the seminar panel for business owners and advisors along with David Humphrey (principal at Beacon Equity Advisors). The discussion topic centered on selling private businesses. Jeffrey Swain, a lawyer with Mirick [...] Read more »

Buyer Search

Elements of a Buyer Search Determine to find the Right Fit – A Beacon Buyer Search helps you move beyond “I’ll buy something if I see the right opportunity” into the pursuit of that right fit.  Many times business owners find out a business was available only after reading about the deal in the industry [...] Read more »

Jon Fudeman’s February Newsletter

WHAT IS A BUSINESS WORTH? February, 2011 Now that I help owners sell their business (I think the hot new term is Exit Planning) I find people are asking me frequently: What is my business worth?  That is, how much can I sell it for?  Frankly, I am finding a lot of misconceptions. Some business [...] Read more »

Are you thinking of spending next winter somewhere warmer?

I do not know much about global warming. There are a lot of smart people looking into this issue and I am sure one of these days they will come to a conclusion. In the meantime, I do what I can to reduce my carbon footprint by recycling and using my bike to commute when [...] Read more »