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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The Hidden Goal of The Smartest Business Owners

What are your business goals for the year? If you’re like most owners, you have a profit goal you want to hit. You may also have a top line revenue number that’s important to you. While those goals are important, there is another objective that may have an even bigger payoff: building a sellable business. But what if...

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9 Warning Signs You’re a Hub-and-Spoke Owner

If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your business, like a hub in a bicycle wheel? As anyone who has tried to fly United when O’Hare has been...

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10 Things That Make Your Business More Valuable

The value of your company is partly determined by your industry. For example, cloud-based software companies are generally worth a lot more than printing companies these days. However, when we analyze businesses in the same industry, we still see major variations in valuation. So we dug through the data and we found 10...

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New investors entering local restaurant biz

STEVE SINOVIC, NEWS-PRESS STAFF WRITER August 6, 2011 2:32 PM A changing of the guard is under way in the local restaurant and bar scene, according to a business consultant who believes many Baby Boomers are fueling the trend on both the buying and selling ends. Business broker Matt Olufs, who has worked in the...

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State Street restaurant shoots for weekend opening

STEVE SINOVIC, NEWS-PRESS STAFF WRITER Published on August 3, 2011 It seemed like a cast of thousands Tuesday was putting the finishing touches on the new Casa Blanca Restaurant & Cantina, clearly one of Santa Barbara’s newest buzz-worthy restaurants, as evidenced by the sounds of whirring saws, concrete mixers...

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