Tag Archives: JoAnn Lombardi Pres VR Business Brokers

JoAnn Lombardi | New Guidelines to Measure Your Business

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Using New Yardsticks to Measure Your Business

By JoAnn Lombardi, President of VR Business Brokers

 

The Internet is an important tool for enhancing the value of any business and its owners. As a business owner, it allows you to develop new ways to measure your performance as well as market to qualified buyers if you are looking to sell.

Innovation and Flexibility

Customer Loyalty

Transactional Excellence

Customer Information

Infrastructure Reliability

Read full article at Using New Yardsticks to Measure Your Business

 

JoAnn Lombardi – The Right Strategy for the Business You Buy

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Determining the Right Strategy for Your Business that You Buy

By JoAnn Lombardi, President VR Business Brokers

In order to determine the strategy that will work effectively after buying your business, there are five essential questions that will help you determine if you will able to implement and push you to prosperity and solidify customer loyalty.

What Type of Business Do You Run?

What Other Businesses Do You Have?

What Are Your Core Competencies?

What Are Your Core Values?

Are Your Short-Term Goals and Long-Term Strategies Aligned?

Read the full article at Determining the Right Strategy for Your Business that You Buy

 

One of our business experts can also help you with all aspects of Buying a Business.
Contact VR at 1.800.377.8722 for more information.

 

JoAnn Lombardi – Evaluating the Buyer for Your Business

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Seller Beware – Due Diligence Critical When Evaluating the Buyer for Your Business

By JoAnn Lombardi, Pres. VR Business Brokers

 

Normally when the buying or selling of a business takes place, the buyer only performs due diligence. However, smart sellers know that it’s a two-way street.

KNOWING THE RISKS  

The seller has a lot to risk. Of course, if you sell your business for 100% cash, you risk very little. However, this is a rare scenario.

In performing due diligence, the seller should employ the same checklists as the buyer and ask equivalent questions, including areas of:

Finances

Strategy

Products/Services

Management

You want to make sure that your business is in capable hands. You want a buyer that will help grow your business.

Read full article here  Seller Beware – Due Diligence Critical When Evaluating the Buyer for Your Business

 

JoAnn Lombardi – Calculating the Working Capital for a Business

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Calculating the Working Capital that You Have Available

By JoAnn Lombardi, Pres. VR Business Brokers

The formula for working capital can be expressed as:

Current Assets – Current liabilities = Working Capital

Current assets – What can be converted to cash within one year or a normal operating cycle.

Current liabilities – Monies owed that are due within one year.

Example:

  • If a company’s current assets total $300,000, and
  • Its current total liabilities are $160,000;

Then its working capital is:

$300,000 – $160,000 = $140,000

Calculating the Working Capital for a Business

There are additional aspects to determining cash flow and other financial aspects of a business.
Contact VR Business Brokers at 1.800.377.8722 for more assistance in establishing the proper value for a business for sale or purchase.

 

JoAnn Lombardi – Preparing an Offer For Buying A Business

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Preparing an Offer as a Business Buyer

By JoAnn Lombardi, President VR Business Brokers

Attention to detail is important with every aspect of the business that is for sale.

As a buyer, you will have to perform your due diligence before an agreement is drafted and signed by you and the seller.

Some of the key aspects to consider are:

  • Outlining all the positives and negatives to the deal;
  • Resolving the challenges that are preventing negotiations from moving forward;
  • Find the middle ground where both you and the seller can come to terms;
  • Present and have signed the purchase agreement.

Read full article here Preparing an Offer as a Business Buyer

 

In buying a business, our skilled VR Business Intermediaries can help toward finding a business that matches your qualifications and interests, as well as informing you on what the Seller expects from you as a Buyer.

You can contact our VR Headquarters at 1.800.377.8722

For information about owning a VR Franchise you can view VR Franchise Presentation Videos & PDF.

 

JoAnn Lombardi – Venture Capital as Private Equity Investment

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Understanding Venture Capital as a Type of Private Equity Investment

By JoAnn Lombardi, Pres. VR Business Brokers

Most people don’t fully understand the concept of private equity and venture capital when it comes to financing business investments.

Often, both terms are used interchangeably, but each is different. Venture capital refers to a significant investment made in a new venture of technology often by one person or an entity. By contrast, private equity refers to raising funds to purchase equity in a business through a private offering.

Only one third of all private equity funds can be considered “venture capital” funds.

Read full article on Understanding Venture Capital as a Type of Private Equity Investment for more information on Private Equity Financing, Venture Capital, and Return On A Venture Capital Investment.

 

 

 

JoAnn Lombardi – What Not To Do When Buying A Business

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What Not to Do if You Become a Small-Business Owner

By JoAnn Lombardi, President VR Business Brokers

Here are a few things that you should NOT do when you’re going to be buying a business:

Set Up an Equal Partnership

Having Inadequate People and Planning

Relying Too Heavily on Fewer Customers

Insufficient Financing Can Cause Cash Flow Troubles

Failing to Admit Mistakes

Underestimating the Competition

Read full article here  What Not to Do if You Become a Small-Business Owner

 

You can contact VR for assistance when buying a business at 1.800.377.8722