Message from the Hungry Cat

The Hungry Cat is closing its doors in Santa Barbara! To pursue some larger opportunities in L.A. “We are very proud to have done business in Santa Barbara for close to ten years. It’s with a heavy heart that we must announce that we are closing up shop! We want to thank all of our past and present employees,...

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Business Valuation

Business valuation goes beyond simple mathematics. To get some idea of what your business might be worth, consider the three methods below. Your business is likely your largest asset so it’s normal to want to know what it is worth. The problem is: business valuation is what one might call a “subjective...

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Six Reasons Not to Diversify

Diversification is a sound financial planning strategy, but does it work for company building? Have you ever wondered how Vitamix get away with charging $700 for a blender when reputable companies like Cuisinart and Breville make blenders for less than half the price? We know we have! It’s because Vitamix does just one...

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You-Proofing Your Business

Making your business less dependent on you has a number of benefits: you can scale your company more quickly if you’re not acting as a bottleneck; you get more time to enjoy life outside of your business; and a business less dependent on its owner is much more valuable to an acquirer. Pulling yourself out of the...

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When Does An Entrepreneur Become A Business Owner?

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Even fewer are able to...

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The Right Time to Sell

If you’re wondering when is the right time to sell your business, you may want to wait until your company is generating $1 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). What’s so special about the million-dollar mark? The million-dollar mark is a tipping point at which...

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