Legal Blog

Biz Tek Today: Always Be Prepared to Sell Your Business

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The article below on being prepared at all times to sell your business is a good one. And business owners should adopt this mindset because many times sale opportunities come when not expected. However, recently I attended an event where a business owner lamented over the options of selling his business. One participant raised his hand to state that maybe the owner should not sell but rather simple develop a plan to retire in the business. This suggestion resonated with me. As many baby boomers look at their options for succession, transfer and sale, perhaps one option that does not receive enough attention is retirement in place. That is, developing a plan to retain the business, develop key personal and set into a motion a multi-dimensional win/win circumstance. Many businesses will sell with the boomer transition; many business, however, many not be saleable. Developing alternative tactics now is key.


Entrepreneurship

6 Small Business Marketing Growth Strategies for 2017
Small Business Trends

Any good marketer knows to keep an eye on the future to stay ahead of the curve on new trends, emerging marketing channels, and other fresh ideas to deliver brand messages. With 2016 in the rear-view mirror and 2017 flying down the pipeline…READ MORE

This Founder Sold More Than a Million Pairs of Shoes. Here Are Her 5 Mantras
Inc.com

You can’t do everything yourself. Not only is it physically impossible, you just don’t know everything you need to know. Two pieces of advice…READ MORE

Small Business Lessons From Billion Dollar Brands
Forbes

Apple, Nike, Starbucks, Ralph Lauren: They all come to mind when we think of successful brands. These billion-dollar companies grow not just because their products are good…READ MORE

4 Hard Truths About the First Year of Launching Your Business
Small Business Trends

If you’re looking to coast through life, avoid stress and minimize your risk, I don’t suggest you start a business. Being an entrepreneur is not for the faint of heart: it requires patience, hard work and perseverance. And even then, you’re not guaranteed success…READ MORE

6 key resolutions for your small business
USA Today

If you’re like most Americans, you’re probably making up a list of new year’s resolutions: lose weight, exercise more, stop smoking, be nicer to your in-laws. While those resolutions may be long forgotten by February, I’ve got a list of resolutions you’ll want to keep to help you succeed in your small business in 2017…READ MORE

 

Technology

Growing Elderly Population Creates New Opportunities for Technology
Wall Street Journal

Glowing like a table lamp, a robotic assistant called ElliQ turns its cylindrical head and asks, “Do you want to play a game of bridge?” Investors are betting this prototype of a robot, unveiled by Israeli startup Intuition Robotics Inc. on Wednesday, can help elderly people navigate…READ MORE

Car technology in 2017: Trends to watch
MarketWatch

As far as technology and product development go, 2017 is already over for auto makers. The money has been spent and the pipeline is filling with models already queued up. No matter how disruptive, the Trump administration likely won’t have much effect on what consumers will be offered…READ MORE

The Tech Entrepreneur Who’s Making Our Kitchens Smarter
Forbes

As the Internet of Things revolution gathers pace, it can only be a matter of time before everything in your home, from the fridge and oven to the lock on your front door, will be controlled wirelessly from a home hub, via smartphone apps…READ MORE

The Latest Driverless Cars Don’t Need a Programmer Either
MIT Technology Review

The technique that helped a computer master the game of Go is about to be tested in real vehicles as a way to cope with complex driving situations….READ MORE

 

Transactions

How to sell your small business
CNBC

If you’ve spent years — maybe even a lifetime — building a small business and are starting to think about retiring or cashing out, now may be a good time to sell…READ MORE

4 value drivers when selling a business
Biz Journal

Do you plan to sell your business in the next five years? Start planning now. Potential buyers look for trends in a company’s performance over multiple years, so starting an exit strategy plan three to five years before a planned sale is ideal…READ MORE

Why Your Business Should Always Be Ready to Sell
Business.com

While you’re in the thick of running and growing your business, you may not even think about when, how, or even if you’re going to sell the business one day. In fact, you might not even want to sell. But there are actually two very good reasons for every entrepreneur to always be ready to sell their business, regardless of specific goals or plans…READ MORE

The 4 Biggest Trends In Mergers And Acquisitions For 2017
Forbes

What does the future hold for mergers and acquisitions activity? That’s the question many business owners are asking themselves after the uncertainties of 2016. With Brexit continuing to work itself out, a Trump presidency just taking shape and questions around global growth, executives are wondering whether 2017 will be a good year for making deals…READ MORE

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Biz Tek Today (BTT), is an 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.

 

Michael N. Mercurio, Chair Business Law and Transactions
mmercurio@offitkurman.com | 301.575.0332
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©2017 Michael N. Mercurio, Offit Kurman, Attorneys At Law. All rights