HOW TO CONSTRUCT A LETTER OF INTENT A letter of intent is essentially a document that summarizes the major ingredients of a proposed transaction, including the price, payment method, and important target dates (for contract signing and closing). In most cases, the letter of intent is not legally binding, but […]
Business
SPECIFIC CONCERNS BEFORE MAKING RELOCATION DECISIONS Relocation is the action of transferring a company’s place of operation from one physical location to another. For businesses, the act of relocating is often fraught with uncertainty, since the margin for error in companies with modest financial resources is so small. Indeed, […]
WHEN CONSIDERING A BUSINESS PARTNERSHIP, DETERMINE YOUR ASSETS THAT WILL BE AT RISK Partnership is an association of two or more persons to carry on as coworkers of a business for profit. The essential characteristics of this business form, then, are the collaboration of two or more owners, the conduct […]
HOW WHOLESALING BENEFITS YOUR BUSINESS [contact-form][contact-field label=”Name” type=”name” required=”true” /][contact-field label=”Email” type=”email” required=”true” /][contact-field label=”Website” type=”url” /][contact-field label=”Message” type=”textarea” /][/contact-form] Wholesaling is the selling of merchandise to anyone, either a person or an organization, other than the end consumer of that merchandise. Wholesalers, who are sometimes referred to as middle […]
HOW NETWORKING CAN HELP IN GROWING A SMALL BUSINESS Networking is the process of intentionally meeting people, making contacts, and making relationships in the hopes of gaining access to such business related benefits as career advice, job leads, business referrals, useful information and ideas, and emotional support. For example, a […]
HOW MEZZANINE FINANCING WORKS Mezzanine financing, also sometimes referred to as subordinated debt financing, is a rarely used but viable financing option for businesses in search of capital for rapid growth. Under this arrangement, the entrepreneur borrows some of the money that he or she requires to execute the next […]
HOW TO SELECT MANUFACTURERS’ AGENTS Manufacturers’ agents or representatives are independent contractors who work on a commission to sell products for more than one manufacturer. They are not under the immediate supervision of the manufacturers, (typically called principals), that they sell for, so their relationship in generally falls into client/customer […]
HOW TO PLAN A SUCCESSFUL BUSINESS MEETING Meetings, while disliked by many, are an essential part of myriad business operations. They are often the best venue for communications to take place, for issues to be discussed, for priorities to be set, and for decisions to be made in various realms […]
WHY BUSINESS LOCATION IS ESSENTIAL FOR SUCCESS For many businesses, business location is an essential component in its eventual success or failure. Site selection can be pivotal in all sorts of businesses, including retail, service, wholesale, and manufacturing efforts. Poor location is one of the primary causes of business failure. […]
REASONS JOINT VENTURES FAIL A joint venture is a business enterprise undertaken by two or more persons or organizations to share the expense and (hopefully) profit of a particular business project. Joint ventures are not business organizations in the sense of proprietorships, partnerships or corporations. They are agreements between parties […]
