By Arkansas Business Editors
Home BancShares announced record profit. Arvest Mortgage blew past its previous record for mortgage origination.
A Florida company, NextLife Enterprises, picked Rogers as the headquarters for its NextLife Asset Recovery Services subsidiary, which expects to employ 350.
The Arkansas Game & Fish Foundation is building in Jacksonville. Antique Brick & Block is expanding its manufacturing facility near downtown Little Rock (and adding two handsful of jobs). The Clinton National Airport unveiled its new baggage screening system, which will speed up the process and declutter the check-in area.
The biggest business news last week was Murphy Oil’s long-considered decision to spin off its Murphy USA retail business – the most recognizable part of the business for anyone who has ever shopped at Wal-Mart – into a separate publicly traded company.
And it will be headquartered in El Dorado along with Murphy’s previous spinoff, Deltic Timber. Is there any other city the size of ElDo with such a roster of publicly traded companies?
We still have questions about how the spinoff will work, but investors seemed to like the idea just fine. Murphy’s stock popped up by as much as 10 percent after Tuesday morning’s announcement before settling down at a gain of about 6 percent from its close on Monday.
To top it off, the fall leaves are looking better than we feared during the summer drought. That’s good news, too.
To read the full article visit www.arkansasbusiness.com and search “The Good News Is” or click on the link below.
“Carl and his son [Connor] sold me a Sport Clips franchise through their office here [Northwest Arkansas] back in 2002 and I have also sold a minority interest in a pizza business through them so I have been on both sides of their business. You will find them easy to work with. They have a process which they follow that has made them successful.”
-Clete Brewer referring The CBI+Team to a friend and potential client
Carl Grimes has been involved inthe sale of over 600 businesses in his career as a professional business broker and has implemented his selling process with The CBI+Team.
Find out more about his process and how it can benefit your company by contacting our offices at (877) 582-5200 or firstname.lastname@example.org.
By Jon Holbert
These questions come up often in conversations with business owners. The answers are unique to each individual owner, but there are some constants that I’d like to address.
1) Why Sell?
a) Retirement. Even if you are technically not “retirement age”, business owners are often motivated by the desire stop working full time in their own business. Some will work part time, work for someone else or even begin a new business venture.
b) Health Issues. Many business owners are forced to sell because their health will no longer allow them to work in the business.
c) Interest. Many owners have lost interest in their current business. Let’s face it. Working in your own business can be grueling at times with long hours and lots of stress. Other times business owners have other businesses or interests that require more of their time. FYI— golf and fishing are not other interests, refer
to section a.
d) Timing. Many times if a particular business is the hottest thing going or if it is on the upswing, the timing may be right to get a great price for your business. Sometimes you just have to strike while the iron is hot.
2) Why Now?
a) Market Conditions. No one can predict the future, if you are considering selling, the only time you can be sure of the market conditions is now. As Yoda would say “Difficult to see. Always in motion is the future.” Many times we see owners postpone selling their business and then have some catastrophe or market shift that makes their business worth less or worse, worthless.
b) Taxes. There are some things that are predictable, especially in today’s climate. Those things are higher taxes, more government regulations and intervention. It seems inevitable that there will be a capital gains tax increase in the near future as well as additional regulations concerning employee benefits, environmental regulations and income taxes.
c) Trends. As we slowly recover from the 2008 recession, most businesses are beginning to experience upward trends in sales and profit and these are the trends buyers are looking for. Any business that has survived during the last 5 years has proven itself to be resilient and flexible in dynamic markets.
d) Buyers. With some larger companies downsizing, some retirement age people who aren’t ready or able to retire and with tight job markets for recent graduates there are plenty of willing buyers out there. The question is—are they capable of buying a business? The answer is—yes, many of them can. Now that people can invest their 401k into their own business without taxes and penalties, the door opens for many. Also, recent graduates or younger buyers can buy themselves a job with help from their families.
Using a business broker can help you determine if the time is right to sell. He or she will be up on current trends and market conditions. He or she will carefully screen buyers so that only qualified people will “see” your business and can help with recommendations for valuations and tax consultants.
Ultimately, only you can decide when the time is right to sell your business, but it just makes sense to use a professional business broker to provide confidentiality, insight into the market, bring you screened buyers and provide the consultations you need to make an educated decision. Once again, Master Yoda says “Already know you that which you need.”