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Three Popular Myths of Selling a Business
Over the past 38 years our firm has been involved in many discussions with business owners considering the sale of their businesses. There are a few particular myths that have repeatedly surfaced during these discussions.
Since a typical small business owner will sell a business only once in his or her life, it is not surprising that the complexity of the process is often underestimated.
The environment in which a business must be sold is unique. Therefore, the methods used to sell a business should also be unique.
Therefore, an understanding of fact vs. myth is important if an owner of a profitable small business wants to achieve a successful sale and get the best deal the market will bear.
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--SOLD--
NMM Oil Product Transport
The acquisition of NMM Oil Product Transport provides Anahuac Transportation, a carrier of liquid bulk chemicals and petroleum products throughout the U.S., immediate growth and capacity and inroads to a niche industry sector. The seller sold the transportation division, which was an independent entity of the seller's oil product trading company, to focus on their core oil trading business.
Richard Gonor listed the business and sold it. |
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We Are Fortunate to Live in Texas
We watch economic and market conditions compared to the rest of the country because these factors affect business value. The following are new articles published since last month's newsletter. Austin Entrepreneurs Optimistic Baby Boomers don't plan to retire anytime soon - good article about small business owners Improved economy could boost Houston trucker salaries - the featured business owner in this article purchase the business through CBB. Ausitn job growth revs up in 2012 Houston home sales continue to rise Houston helps drive U.S Exports to record $1.48 trillion Another real estate investment firm targets Texas market What business leaders can learn from the decision to put Jeremy Lin in the lineup Panama Canal Expansion Raises Expectations in Houston Texas Restaurant Industry Leads the Nation in Projected Sales Houston continues to outperform nation in transaction volume for Class A commercial properties Austin records nation's 6th-highest retail job growth Texas vs the Feds - a list of litigation over State Autonomy Austin #3 for most jobs gained since recession - Texas dominated the top labor markets that regained lost recession jobs, taking four of the top five spots. Houston #1 Global NuTech moves operations to Houston from CA - "in oil & gas, Houston is the center of the universe" Swift Worldwide shifts HQ from London to Houston - International energy recruiting firm Houston posts largest 10-year job gain in U.S. wow, we beat D.C., ranked 2nd Houston records 2nd highest retail job growth- NYC 1st in number, but Houston 1st in % growth Houston added the most U.S. private-sector jobs in 2011 - Dallas #2, Austing #17 ITEX Piping Products brings operations to Houston - and other mfrs under contruction in Houston 5 Texas cities in top 50 in U.S. for Manufacturing Jobs - Houston #1, Dallas #7, Ft Worth #11, Austin #26, San Antonio #27 Austin #1 for largest tech worker salary jump in 2011 - Houston #3 |
Ask the experts section
Q: Is now a good time to buy a business?
A: If you buy a business in Texas, now is a good time to buy a business.
With a roller-coaster stock market, a not-quite bottomed-out real estate market, and interest rates so low, there is nowhere else that will yield a higher return on your investment than in your own business. In what other investment can you receive a return of 25% and higher, and over which you have control?
While many areas of the country might not be fairing well, business owners in Texas reported higher sales growth than the rest of the country. Texas has consistently been one of the best economic engines in the nation and ranked the Best State For Business in 2010 and 2011. Texas is popping up on a lot of radar screens as a place to relocate or expand for businesses because of its future outlook for growth.
If you are looking for stability, better predictability and control in today's economy, buying a business in Texas can offer all of these as long as you invest wisely and purchase a quality business. Leave the pitfalls of chance behind. Invest in yourself. Create your own economy. Now IS a good time to buy a business in Texas.
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