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January 2018 Archives

Franchise industry set for strong growth

The franchise industry is set to have a good year. The 2018 Franchise Business Outlook has been published by the International Franchise Association (IFA), and the industry’s growth looks very optimistic. According to the association’s research, the franchise industry is expected to expand for the eighth straight year. The IFA estimates that franchise output will increase by 6.2 percent to a whopping $757 billion.

Sources of alternative lending for entrepreneurs, part 2

Locating sources for funding is one of the biggest challenges that entrepreneurs face. Most entrepreneurial loan applications will be denied, and wealthy investors do not grow on trees. Many entrepreneurs must seek out alternative sources of funding.

Sources of alternative lending for entrepreneurs, part 1

Being an entrepreneur is more than just coming up with a good business idea: It is also about putting that idea into action. Of course, this is much easier said than done. The majority of entrepreneurs will need the help of business loans to get their ideas off the ground. Finding an enthusiastic, loyal and deep-pocketed investor is an entrepreneur's dream, but is rarely a reality. Not to mention that roughly 85 percent of entrepreneurial loan applications will be rejected by community banks. So, how is a business owner supposed to find funding?

A primer on non-solicitation agreements

You have put immeasurable time and effort into procuring the right customers and employees for your business. You recruited the top talent in your field because you knew that your company would be only as strong as its employees. Then, you painstakingly built a roster of reliable, loyal clients who have made your business what it is today. So, when one of your employees leaves your company and takes one of your clients with them, you are understandably upset. 

Selling your small business? Avoid these 5 mistakes

A business sale is not necessarily a sign of defeat. Indeed, a sale can be a mark of success—especially if the business owner is able to sell at a profit. That’s not to say that all sales will be successful, though. There are many mistakes along the way that can cost business owners dearly. One of the best ways to avoid these pitfalls is to understand them, anticipate them and do your best to avoid them. If you are selling your business, you should know these five mistakes to avoid.

Is it possible to sell your business for more than it’s worth?

Selling a business can sometimes be as challenging as starting one. In fact, approximately 60 percent of business owners are reportedly unable to reach a deal. This is a daunting statistic for small business owners who are ready to unload a company. 

Important factors to consider before going public, part 2

Our last blog post discussed some of the major risks that business owners should consider before taking their company public with an IPO. Today, we will conclude our two-part blog series by discussing some other factors that may affect your decision to go public.

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Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

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