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Biz Tek Today: Are You Running Towards Something?

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I recently sat on a M&A panel where one of the panelists asked the rhetorical questions “Are you running toward something? or Are you running away from something?” as owner guides for evaluating a sale situation.  I thought the questions were worth sharing.  When a seller hits an inflection point for the consideration of the sale of the business, he or she should ask themselves – Am I running towards something?  Or Am I running away from something?  The answer may be enlightening and help guide the next step.

Entrepreneurship

All in the Family: How to Make Your Business Last for Generations Open Forum When it comes to creating a family business that will succeed for generations, the Tim Hortons saga can teach you three valuable lessons…. READ MORE

10 Things You Need to Know to Become a Great Leader Linkedin Being a leader happens. Right now, today, and can be done without money, without authority, and without anybody. First, you have to lead yourself…READ MORE

The Experts Agree: Great Entrepreneurs Keep Good Company Entrepreneur.com There’s a famous admonishment by Jim Rohn that you are the average of the five people you spend the most time around….READ MORE

Is Your Small Business Built to Accelerate? Huffingtonpost Considering the unprecedented wealth and clout of Silicon Valley (some call it the third Industrial Revolution), it would be easy to assume that there is plenty of money to go around….READ MORE

Technology

Your Money or Your Files’ as Threats of Online Stickups Grow Businessweek You’re an entrepreneur, managing the business from your PC. You’re a doting mother, with hundreds of photos of your children on your laptop. Now if someone seized all those files, how much would you pay to get them back?…..READ MORE

What Your ‘About Us’ Page Isn’t Doing Entrepreneur.com The Humble About Us page: it’s one of the most visited pages on any site and also one of the most neglected and overlooked…..READ MORE

Small Business Apps for Password Management NFIB.com After the Heartbleed bug-a massive web security weakness that allows hackers to access important information from vulnerable Web servers-made headlines this year, many people worried about how to protect their usernames, passwords and personal….READ MORE

Avoid Hurting Your Brand With These 10 Social Media Mistakes Inc.com As of January 2014, 74 percent of all Internet users were on social networking sites. In other words, your brand needs to be active on social media to reach a huge chunk of your potential fan base….READ MORE

Transactions

Five Critical Factors That Affect Business Exit Strategy Timelines Inc.com A finely honed business plan should include a detailed exit strategy. This, often overlooked element clearly outlines the owner’s plan to get paid for their sweat equity at a designated point in timeREAD MORE

Pabst Brewing Sold for a Reported $700 Million Eater.com The owner of Pabst Brewing-the company that produces Pabst Blue Ribbon beer- C.Dean Metropoulos & Co. has finalized a sale of the brewery…READ MORE

Brewery Mergers: Foamy War The Economist The World’s biggest brewer, AB InBev (ABI), is also the most frugal. There are no company cars for senior executives…READ MORE

Value Your Business Before Buying/Selling Yahoo.com As  essential it is to increase the value of one’s business while running it, estimating the same while selling it off is indispensible …READ MORE

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Biz Tek Today (BTT), is a online resource for entrepreneurs. BTT recognizes that you are a busy leader in business and that finding time to identify and read relevant news for your business is challenging. BTT seeks to lessen this burden by regularly gathering the best of the best news articles from a host of national media and industry sources and delivering them to you in one convenient email

Mike_Mercurio_WebsiteNEWMichael N. Mercurio, Chair Business Law and Transactions mmercurio@offitkurman.com | 301.575.0332 www.michaelmercurio.net  Linkedin | Read|Delete | Connections |

©2014 Michael N. Mercurio, Offit Kurman, Attorneys At Law. All rights