Although there are a number of companies currently promoting the idea of using your 401(k) plan to purchase a business, I remain steadfast in my claim that 401(k) money should NOT be used to buy a business, regardless of the circumstances. Buying a business is a huge risk, one that most people will never [...]
Tags: Buying a Business
After reading Mr. Bill Toland’s article in the business section of yesterday’s Pittsburgh Post-Gazette, I decided to provide Pittsburgh business owners with some insight on the current potential for sale of their closely-held businesses. While information regarding corporate mergers and acquisitions remains abundant, rarely have I seen the owner’s of small closely held businesses provided [...]
Tags: Selling a Business
One of the most difficult decisions a person will make in their career is the decision to start or buy their own business. It is a decision with a high failure rate, no guarantee of success, and one that affects not only the individual but their family and their standard of living. Make the right [...]
Tags: Buying a Business
It has been brought to my attention that in my last post titled “Top 5” reasons for buying a business we looked at the advantages of buying a business strictly from an individual’s perspective. So, today, let’s take a look at business acquisitions from the perspective of an acquiring company. Unlike [...]
Tags: Buying a Business