Buy Your Own Business With Other People's Money

Name: Buy Your Own Business With Other People's Money
Brand: Wiley
Price: 13.99 EUR
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Robert A. Cooke(Autor*in)

Wiley (Verlag)

Erschienen am 21. Oktober 2014

256 Seiten

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978-0-471-73519-9 (ISBN)

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Buy Your Own Business With Other People's Money
Contents
Introduction
Chapter 1: The Good and the Bad of Owning Your Own Business
The Fictions and the Facts about Owning a Business
Fiction Number One: No Boss
Fiction Number Two: Short Work Hours
Fiction Number Three: You Will Have Lots of Money
Fiction Number Four: You Will Enjoy the Prestige of Owning a Local Business
Do the Advantages of Entrepreneurship Outweigh the Disadvantages?
Decide on the Type of Business That Is Best for You
Determine Your Preference or Need as to Geographic Area
Consider the Hours of Operation
Experience and Knowledge Are Important
Pick a Business You Enjoy
Creating Your Experience
Chapter 2: How Much to Pay (Borrow) to Buy a Business
How Much Is the Seller Asking?
What Do Similar Businesses Sell For?
What Is the Value of the Business's Assets?
Value the Assets at Their Book Value
The Book Value of Equipment
The Book Value of Accounts Receivable
Inventory
Patents and Copyrights
The Book Value of Other Assets
The Asset Called Goodwill
The Capitalization of Earnings
How to Determine the Real Net Income of a Business
Determine the Price of a Business Based on Its Earnings (Income)
Capitalization of Earnings and Return on Investment
The Sales Multiplier
Third-Party Information
Solicit Information from Employees of the Business
Check the Bank Statements
When Real Estate Is Part of the Business
In Summary, the Eight Methods of Valuing a Business
Chapter 3: Sources of Money for Your Business
Borrow the Purchase Price from the Seller
The "Business for Sale" Ads
The Seller's Motivation to Sell
Enticing the Business Owner to Sell to You
Find Cash Inside the Business
The Equipment Owned by the Business
Intangible Assets
Accounts Receivable
Excess Inventory
Actual Cash in the Business
Personal Assets That Can Generate Cash
Obtaining Money from Commercial Banks
Choose a Bank That Is Small-Business Oriented
Have the Requisite Experience
Buy a Business That Has Loyal Customers or Clients
Buy a Business That Is in the Right Location
Prepare Projections of Income and Expenses of the Business
Your Presentation to the Bank
Loans from Suppliers
The Shortcut-Buy Out Your Boss Using His or Her Money
Buy a Franchise, but Not with the Franchisor's Money
Friends and Relatives as a Source of Borrowed Funds
The Government-The Small Business Administration (SBA)
To Summarize
Chapter 4: Do You Want Partners?
Why You Might Have One or More Partners
The Partner Has Money
The Partner Has Expertise That You Lack
The Partner Has Contacts
The Partner's Personality Complements Yours
The Seller of the Business Can Be Your Temporary Partner
The Part-Time Family Business Has Grown Up
Your Down-and-Out Relative Needs a Job
You Want to Include Your Best Friend in Your Deal
People Who May Help You Find Potential Partners
Stay Out of Trouble with the Government(s)
Companies in the Business of Being a Partner
Venture Capitalist
Small Business Investment Company (SBIC)
The Form That Your Partnership Should Use
The Business Form Choices
General Partnership
Limited Liability Company (LLC)
Corporation
What If You Go It Alone, without a Partner?
More Information on Forms of Doing Business
Chapter 5: Technicalities of Buying a Business
Buy Just Certain Assets of the Business
Cash
Accounts Receivable from Customers
Other Accounts Receivable
Inventory
Equipment
Bulk Sales Law
Assume the Liabilities of the Business When You Buy the Assets?
The Seller Takes on Risks, Too
Using the Business Debts in Your Negotiation
Buy the Business as One Package-A Corporation
Appendix A: The Business Plan
What Is a Business Plan?
Why Every Business Needs a Business Plan
What Is the Format of a Business Plan?
Using Professional Assistance in Preparing a Business Plan
Help in Reading This Sample Business Plan
Appendix B: Finding Investors and Navigating the Regulations
Securities and Exchange Commission Brochure
Active Capital-Frequently Asked Questions
What Is Active Capital?
Who Needs Active Capital?
Who Manages Active Capital?
How Is Active Capital Different from Other Internet-Based Investment Programs?
Can Any Investor Enroll with Active Capital?
Can Any Entrepreneur Enroll with Active Capital?
How Much Does It Cost to Enroll with Active Capital?
How Do Active Capital Fees Compare to "Go It Alone" Costs?
How Much Capital Can Be Raised Using Active Capital?
How Much Does Active Capital Itself Lend or Invest?
Do I Need a Lawyer to List on Active Capital?
If I Fill Out My Form but Do Not Post It Right Away, Do I Need to Sign Up Again?
After I Have Filled Out All My Forms, May I Change My Answers?
Must I Notify Active Capital After I Have Made a Deal?
Can I Use Active Capital If I Am a Canadian or Other Non-U.S. Company?
Can I Get Other Forms of Non-Equity Financing through Active Capital?
How Do I Learn When Potential Investors Read My Plan?
How Many Investors May Review My Plan?
Do All Investors Demand to Play a Role in Each Company?
How Can Lawyers or Accountants or Consultants Register on Active Capital?
Can I Register on Active Capital if I Have Filed for a Public Stock Offering with the SEC or Have Not "Blue Skyed" in Every State in Which I Am Seeking Investment?
State Securities Regulations Administrators
Appendix C: Small Business Administration Loan Programs
Basic 7(a) Loan Program
What SBA Seeks in a Loan Application
Eligibility Criteria
Small Business Size Standards
Eligible Businesses
Business Types and Applicants with Additional Considerations
Ineligible Businesses
Use of Proceeds
Ineligible Use of Proceeds
Availability of Funds from Other Sources
Character Considerations
Other Aspects of the Basic 7(a) Loan Program
Maximum Loan Amounts (Updated as of 10/1/2004)
Interest Rates Applicable to SBA 7(a) Loans
Percentage of Guaranty on 7(a) Loans
SBA Fees for 7(a) Loans
Fees Associated with SBA Loans
Combination Financing
Prohibited Fees
Prepayment Penalties
Appendix D: SBA Forms
Index
End User License Agreement

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