In Memphis…Midtown Nursery Expands in Time for Green Season

From The Daily News A nursery in Midtown whose owner likes to jump at opportunities will spread its green thumb to two new locations in time for planting season this year. By temporarily taking over two well-known sites of now-closed nurseries, Mike Earnest, owner of Midtown Nursery at 2120 Central Ave. at Cooper Street, hopes to cross-promote his permanent location. Earnest, a native Memphian who opened his Central Avenue location in March last year, signed a lease for the vacant Stringer’s Garden Center at 2794 Poplar Ave. for the months of March through June. Moves, switches The popular nursery building … Read more

If You’re Selling Your Business in 2010 Pent-up demand could bring owners of healthy small and midsized businesses favorable valuations this year

From Business Week: There are eager buyers for small and midsized companies whose owners have powered through the recession and expect to see demand rebound this year. That’s according to Bill Roman, the managing director of the Boston office of Harris Williams, which advises middle-market companies on mergers and acquisitions and focuses on sales in the $25 million-to-$1 billion range. While business sales fell dramatically in 2009, Roman says Harris Williams is seeing deals pick up in 2010. With few business assets in supply and high buyer demand, valuations for high-quality companies have held surprisingly steady, he tells Smart Answers … Read more

Facing Your Employees When Selling Your Business

By Richard Helling, The Principium Group Breaking  the news to your employees is one of the most difficult elements of selling your business. Many business owners wait until the very last minute to tell their employees, partly out of a concern for maintaining confidentiality and, often, due to dread of telling long-time employees. There are many reasons for maintaining confidentiality in the business sale process.  Business owners rightly worry that both employees and customers may leave or become disaffected.  They also fear that competitors will take advantage of the situation.  Issues with employees, customers or competitors can damage the business, … Read more

Who Do You NOT Want to Sell Your Business To?

One of the conversations we have with new clients or potential clients early on is to discuss the range of likely buyers for their business.  We ask them for their insight and it is usually very helpful.  We talk about all of the kinds of potential buyers – competitors, suppliers, customers, national companies, companies serving a neighboring geographic area and so forth.  Oftentimes, this conversation leads to who they do not want to sell their business to.  I find this to be a very interesting topic. Why would someone trying to sell his or her business rule out a qualified … Read more

SBA Stimulus Funds Running Out Again

WASHINGTON – SBA issued the following statement today from Administrator Karen Mills regarding efforts to ensure continued funding for two key provisions in the American Reinvestment and Recovery Act (ARRA) of 2009: “SBA’s most popular ARRA provisions – the increased guarantee and reduced fees in the two largest lending programs – have helped engineer a significant turnaround in SBA lending. Continuing those ARRA provisions is SBA’s top priority. Through the original $375 million and the additional $125 million appropriations for these two provisions, SBA has supported more than $20 billion in lending to small businesses across the country and seen … Read more