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 »

Pothole Video

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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 »

Is your business worth more than Apple, Inc.?

I speak with business owners regularly in business meetings, networking groups and on sales calls – most want to know about the value of their business in today’s marketplace.  Given that investors (Private Equity) are usually looking at several investment opportunities simultaneously, understanding how one investment compares to another is an important part of assessing [...] Read more »

Unsolicited Buyer

couple-at-door

One day a couple parks in your driveway, knocks on your front door and with a checkbook in one hand and a pen in the other says “We want to buy your house, how much?” You protest saying your house is not for sale.  The couple insists, “we don’t care we want to buy it, [...] 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 »

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 »

Ways To Improve – The Value Of A Business Prior to Selling Part 1

  Even if you are on the right track, if you are not moving forward eventually you will be hit by an oncoming train. - Will Rogers The Value of a Business Prior to Selling By David Humphrey, CPA, CVA The purchase price paid for a closely-held business is in direct relationship to the perceived [...] Read more »