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Welcome to your CABB Weekly Connection.
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Home-Based Franchises Keep Growing
By: Ed Teixeira FranchiseKnowHow, LLC The following article covers two areas that should be of interest to business brokers - franchises and home-based businesses. The market-place for business brokers is rapidly changing. For years it has been dominated by "mom and pop" style businesses. The marketplace is changing - it is still mainly "mom and pop," but they are changing how and what they now are operating. Franchising is slowly replacing the independent business. More and more potential buyers are going into business by purchasing a franchise. I have been saying for years that the biggest competition for buyers are the franchisors. Business brokers have to get involved in selling both new franchises and handling resales. Our surveys indicate that most business brokers are not involved in either. There are many, many new and upcoming franchises that would be very quick to use the services of a business broker to find new franchisees.
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Words of Wisdom
Weekly highlights from our CBBs and new members |
Steve Benson, CBB #0012
Q: Do you have particular business types you specialize in, or a region? A: Over the years I have become a quasi expert on just about every type of business. Since I live in Huntington Beach, the majority of my sales are in Orange County; however, I started in Los Angeles County and I have had offices in the Inland Empire as well. Thus, I cover all of Southern California. Q: Why do you think it's important to have a CBB? What other designations do you hold? A: The CBB designation demonstrates that you have accomplished a level of experience and professionalism within a very challenging industry...
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April 19-20, 2012: CBB Renewal Course Special offer at Annual Conference in Los Angeles (LAX)
Southern California/ CABB Annual Conference - Instructor: Ron Hottes & Steve Benson |
June 14-15: CABB 101
Southern California/Business Team Torrance - Instructor: Ron Hottes
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CABB Annual Productivity Conference: New Economy...New Opportunities
Registration for the 2012 Annual Productivity Conference is now open! Join your colleagues on April 20 and 21, 2012 at the Crowne Plaza Los Angeles International Airport for informative educational sessions and networking opportunities. To learn more, visit the CABB website or download the preliminary conference program.
Register today!
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2012 Business Reference Guide Special Offer
Business Brokerage Press is offering CABB members a special rate on the 2012 Business Reference Guide. This special rate is only available for two weeks. Click here to view the discounted rates and order your Business Reference Guide today!
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Do you have an article you'd like to share with the CABB membership? Send it to us! We want to feature our members' articles in the CABB Weekly Connection. Please send all article submissions to ashley@cabb.org for consideration for inclusion in the next Weekly Connection.
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The opinions, beliefs and viewpoints expressed by the various authors for this newsletter do not necessarily reflect the opinions, beliefs and viewpoints or official policies of the California Association of Business Brokers.
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