Buying a businessBy: Gary Landa
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Buying a business
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Even though you want to buy a business immediately, it often takes 12 months to buy your first business. People often do not know what they are looking for. The first business they view may be the best however they have expectation that the next company for sale will be better than the first company they viewed. it is possible by the time they realize that, the first company has been sold.
Often, investors do not what industry they want the business to be in. Determine what are your strengths, determine in your past experience, do you have business contacts. Can they be used in a new business adventure. What type of business product do these business contacts want, do they want a service, a product. You are buying a business in order to make it grow therefore it is important if your past can help your future. You can then modify your search to look for a business that will benefit from dealing with your current business associates.
If you do not have business contacts to use, then look for what interests you. If you have had formal training or exposure to a business, then concentrate in those areas. If you are good at people but do not know how to run a business, then look to purchase a franchise. Do you buy a new or resale franchise. if it is a current business, you have less risk because you know the amount of revenue that can be achieved. If you buy a business business/franchise, the amount of revenue that you can attain is an unknown. Projections provided by a vendor/franchisor are only projections, sales may not reach the limit in a projection. In all my years in business, I have only seen one negative projection. For additional articles on buying or sellling a business see www.thebusinessplace.comhttp://www.thebusinessplace.com/ |
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| Keywords |
buying or selling a business |
| Category |
Business |
| Submission Date |
Dec 13, 2008 |
| Article Contact Name |
Gary Landa || send email to Gary Landa
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Other links at Business |
| 1. |
Next Generation Feedstock Driving US Biofuel Industry
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The US is the biggest players in the global biofuel industry. Ethanol production currently dominates the US biofuel industry but it established the strong base at the end of 2006, said, “US Biofuel Market Analysis”, a new research report from RNCOS.
The US biofuel industry primarily depends on corn and soybean oil for the production of biofuel, but the usage structure of both the feedstock is indicating to the feedstock shortage in future. Thus, the rising concerns for food and fuel shortage will boost up the cellulosic ethanol production in the US.
According to a Senior Research Analyst at RNCOS, most of the ethanol in the US is produced from corn. But this crop is a poor feedstock due to low yield and high fertilizer requirements which are linked to water pollution. High amount of greenhouse gases emission and expanded “dead zone” in the Gulf of Mexico are other environmental concerns arising from the cultivation of corn.
Considering the shortcomings of using corn for energy production, RNCOS Analyst believes that the “next generation“ biofuels will be produced from cellulose in woody grass, trees and agriculture waste, but they will also pose environmental concerns.
Giving the current market scenario, the US government is increasingly allocating funds and enacting legislation to boost up the feedstock diversification and production. In 2008, the government passed a bill to provide US$ One Billion fund for new feedstock production and renewable energy programs. We believe that the cellulosic ethanol will grow at a CAGR of nearly 87% by the end of crop year 2017.
“US Biofuel Market Analysis” provides detailed information on the prevailing market trends in the US biodiesel industry. The report thoroughly evaluates the overall biodiesel industry, with segment-wise discussion on biodiesel and ethanol. It also studies the major driving forces of the US biofuel industry and highlights high growth areas to enable clients understand the leading opportunities existing in the industry.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM093.htm
Check DISCOUNTED REPORTS on http://www.rncos.com
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| 2. |
RNCOS Releases a New Report- Indian Power Sector Analysis
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RNCOS has recently added a new Market Research Report titled, "Indian Power Sector Analysis" to its report gallery. The report focuses on the growing marketplace for power sector in India. It thoroughly investigates the current market trends, evolving markets, and growth prospects for the Indian power industry. It will help the client to analyze the driving forces and leading-edge opportunities critical to the success of the power industry.
The research study analyzes the prevailing scenario in the Indian power sector along with the existing policy and regulatory framework. It tracks the growth and performance of the Indian power sector, the ongoing reform initiatives and offers statistical updates on power generation, transmission and distribution, along with a rational future forecast.
Key Findings
- More than 64% of India’s total installed capacity is contributed by thermal power. Significant jump in unit size and steam parameters will result in higher efficiencies and better economics for the Indian power sector.
- Western region accounts for largest share (30.09%) of the installed power in India followed by Southern region with 27.76%.
- Unbalanced growth remains the cause of concern for the Indian power sector. Only about 56% of households have access to electricity, with the rural access being 44% and urban access about 82%.
- Southern region remains the dominant region in renewable energy source accounting for more than 57% of the total renewable energy installed capacity.
Key Issues & Facts Analyzed
- Where does the Indian power industry stands vis-s vis developing countries?
- What is the outlook of the Indian power industry’s transmission and distribution?
- What is the scenario of the industry at state level?
- What are driving forces and challenges being faced by industry?
- What opportunities exist in the industry?
Key Players Analyzed
This section covers the key facts about major players currently operating in the Indian power sector such as National Thermal Power Corporation Limited, Nuclear Power Corporation of India Limited, North Eastern Electric Power Corporation Limited, Power Grid Corporation of India, Tata Power, etc.
Research Methodology Used
Information Sources
Information in this report has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Method
Analysis methods used include ratio analysis, historical trend analysis, judgmental forecasting, and cause and effect analysis.
For more information visit: http://rncos.com/Report/IM114.htm
Current Industry News: http://www.rncos.com/Blog/
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| 3. |
What are Collection Attorneys and Collection Agencies?
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Approximately all business has run into financial trouble at one time or another. And as a creditor, you possibly wish for the greatest for companies or customers that owe you money. But you have a business to run. You can not sit around and wait for your customers business to improve. After all, your own business is at stake, if all your accounts go unpaid, your business will be in trouble. This is where collection attorneys and collection agencies come in.
What are the Differences between Collection Attorneys and Agencies?
Like collection attorneys, all agencies are a little different. Some specialize in certain industries or certain kinds of debt, while others are large national agencies that deal with debt of all types. What actually sets collections agencies and collections attorneys apart is the action they take to collect debt. Collection agencies basically take the same sort of action against debtors that you would, they simply take the work out of your hands.
What really makes collections agencies worth working with, however, is their ability to do collections much more efficiently than you would. These agencies have specialized software and phone systems that help to smooth the collections process and make it nearly automatic. First, letters will go out to your debtors, warning them of nonpayment. Next, the collections agency will make phone calls if debt is ignored. All of this is scheduled and automated by the collections agency, and it works particularly well for smaller, more numerous debts. But what about collections attorneys?
Collection attorneys are generally more successful than collections agencies, and are a good choice for companies that need (or may need) to take legal action against their debtors. Collection attorneys know debtor and creditor law, and are in a position to show a debtor the true consequences of non payment. They are the best collections assistance to have on your side for large debts. If a debt is large enough that you are willing to take a debtor to court over it, you will need a collections attorney.
In common, most companies start working with collection agencies first, and pass the account over to collection attorneys when an agency can not get the debt collected. If you do find you have to turn to a collections attorney, be sure to take the time to find the right one for your company. Before hiring, ask all potential collection attorneys for a client list to prove their experience, and remember that choosing the best collections attorney would not be based on their price or the percentage they take, instead, choose the attorney whose experience most excellent fits your business… and your debtors.
Commercial Collections Agency understands the in an outs of choosing the right collection attorneys for the right business. For more information, please visit our homepage or contact us via our contact page.
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Vietnam - Young & Educated Population Raises Insurance Demand
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As people in Vietnam buy life insurance products with the assumption of long-term investment, the life insurance market will see least impact of economic slowdown and is projected to grow at a CAGR of more than 12% during 2008-2010, said RNCOS in its new research report, “Vietnam Insurance Sector Forecast to 2010”.
Vietnam has a big proportion of young & educated people, comprising over two-third of the total population. People with higher insurance awareness are more insurance demanding. Young generation also seems to be more investment-oriented and has tendency to take higher risk compared to elders. Besides, the insurance cost is comparatively low at the young age and all insurance products are accessible to youths. Thus, high proportion of young & educated people in Vietnam is providing more growth opportunities to its insurance industry.
In addition, improving income level has accelerated the growth momentum of Vietnamese insurance industry, particularly in life insurance segment that includes high saving products. High income has made insurance products affordable for a large section of the population. Moreover, per head disposable income in Vietnam surged at a CAGR of nearly 7.8% during 2002-2007 to generate revenue of US$ 385 in 2007, triggering growth in the insurance industry. This is further expected to grow at a CAGR of about 6% between 2008 and 2012, making Vietnamese wealthier, which in turn, increasing sales of insurance products.
The report includes forecast on various segments of the Vietnamese insurance industry including forecast on per head disposable income, insurance premium and passenger cars registration.
“Vietnam Insurance Sector Forecast to 2010” explores the market development and potential along with giving broad overview of the insurance sector in Vietnam. The report studies the present and past market trends to evaluate the market dynamics comprehensively. The forecasts and estimates provided in the report are not based on the complex economic model, but intended to give rough guide in which direction the market is likely to move in future.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM146.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 5. |
US Convenience Stores to Cross US$ 650 Billion by 2013
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A new market research report, “U.S. Convenience Stores Market Outlook to 2013”, recently released by RNCOS says that despite the global economic slowdown, the US convenience store industry is expected to grow to over US$ 650 Billion by 2013 on growing income level and increasing working population in the country.
Personal disposable income is one of the key drivers of the convenience store industry in the US. Consumers are spending a big proportion of their income on food & non food items with rising income level. Moreover, personal disposable income in the US is anticipated to grow more than 15% to reach nearly US$ 41000 per head by 2013, which will further boost consumer expenditure on various products available in convenience stores.
Apart from growing disposable income, the US convenience store industry is driven by rising working population in the country, said the RNCOS report. People have shown inclination to spend little extra at convenience stores for saving time and convenience. Commuting and travel time are also increasing, with many consumers seeking to minimize the effect of this on their leisure time by multi-tasking while traveling. Besides, increasing popularity of food-to-go, takeaways, snacks and ready-to-eat meals have created plethora of opportunities for c-store chains to expand their network. Thus, c-stores have benefited from changing consumers habits of shopping, eating and drinking while on the way.
“U.S. Convenience Stores Market Outlook to 2013” provides an exhaustive research and rational analysis on convenience stores industry in the US. The report helps clients to identify market trends and evaluate the leading-edge opportunities critical for the success of the convenience store industry in the US. It also gives an overview on various factors driving the convenience store industry along with the forces blocking its growth.
The report supplements the past and current information on the US convenience store industry with forecast on various important industry aspects, including the market size of convenience store industry, retail industry, Working Population in US, middle class population, personal disposable income & GDP per head, number of internet users and breakup of population.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM184.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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