800-905-1213 Ext 151

Small Business Flexible Loans

If you have a business or planning a new business, we can help get you the money you deserve. Bizprofitpro offers a range of solutions from the most proven banks with the best terms.

Every business at some point will require capital to start and continue operations and to fund growth. We have developed innovative ways to get your business money. You can get customized finance solutions that maximize your cash flow.

Bizprofitpro can help create a customized funding plan using multiple financing options. We deliver the financial muscle you need and can afford. We help small businesses get the funding they need by searching multiple financial institutions to get the best deal. tools:

* The DreamSpark plan (up to 25% savings over like service providers)
* SBA loan packaging
* Unsecured lines of credit for individuals with a score of 680 or better
* Conventional bank loans
* Private Equity Lending
* Equipment leases

Contact us Today at 800-905-1213 Ext 151 for your custom funding solution

How to Sell a Small Business for The Most Money

5 Steps to Selling a Small Business

Selling a small business is one of the most complex transactions you are likely ever to be involved in. Unlike a publically traded company that is run for the benefit of shareholders, a privately held small business is run entirely for the benefit of its owner. The business is operated to maximize the lifestyle and the perks for its owner. This causes there to be many discretionary expenses that may be considered perks or items that contribute more to the lifestyle of the owner than the need of the business.

Small business owners make decisions to legally reduce the tax burden by expensing as much as possible through their business. This may come in the form of a luxury car, boat, house, business trip, or having a spouse on the payroll. These are considered “discretionary expenses” that are added back to income because the new owner won’t need these discretionary expenses to operate the business. Discretionary expenses and perks of small business ownership makes it difficult or nearly impossible to determine the exact cash flow for a new owner. Many deals fall apart because there is no way to make an accurate forecast of future earnings.

Critical Steps to Selling Your Business

1. Making the Decision
Making the decision to sell a business is the most important step in the process. Many owners identity is attached to being a business owner. Friends, family, and the community look at business owners in a certain light which may be difficult to lose after the business is sold. There is also the financial consideration and how the sale of the business will affect future plans.

2. Optimize the Value of the Enterprise
Prospective buyers or a new owner would be willing to pay more for a business for these reasons:
a) Generates a lot of income
b) Income is steady every single month
c) Business has systems in place and not dependent on owner
d) Business has history of Growth

By improving the above-mentioned items, your business will become more desirable and sell for the most money. Don’t worry if your business is not perfect, no business is. People expect things to be wrong with any business and they come in with the expectation that they will use their ideas to fix it after they buy.

3. Decide whether to use legal professionals
There is a cost associated with using professionals but selling a business alone may put you at great of future liability or other complications. At a minimum, you will need an attorney to draft a Purchase and Sale Agreement that properly transfers the business and all of its assets to the new owner and eliminates any and all future liabilities. Additionally, you will want to consult with an accountant to best determine how to structure the financial part of the transaction and any tax liabilities you need to be aware of.

4. Determine the Value of the Business
There are countless numbers of valuation models that can be used to calculate the value of a business. There is the comparable sales method that compares similar transactions and uses the data to determine a price; there are the debt capacity and cost to replace method that uses the amount of debt the business can support for the new owner or replacement cost. There are also rules of thumb that take the earnings of the company and multiplies by a certain multiple depending on the industry. It’s not uncommon for there to be a wildly different valuation calculated by a buyer and seller. The buyer is usually 20% to 40% less than the sales price the seller estimates. Sellers should set the sales price reasonable or risk scaring buyers off and not even getting an offer.

5. Do the Actual Selling On Your Own or Use a Broker
Ensure that you work with reputable business brokers or business intermediary. Business brokers and business intermediaries are experienced at pricing your business to sell at the maximum price. They also have expertise in confidentially marketing your business to the largest audience. The process of selling a business can be very complicated and time-consuming. While there is a fee associated with using a business broker, it is almost always money well spent. Most businesses never sell because it’s so difficult for a business owner to operate their business and have the time to market professionally and sell their business.

 

The way to sell a small business

Selling a business is hard work and takes time. Delegate the appropriate tasks to professionals so you give yourself the best chance to have the most profitable transaction. Most deals fall apart a few times before actually getting closed. It is critical to allow your professionals to do their jobs and move the transaction along for your maximum benefit.

Low Cost Franchises With the Best History to Own & Operate

Get Funding up to $150,000 for Top Franchises with SBA Approved Loans with Financing in 30 Days!

Investing in a franchise business is a way to reduce the risk of becoming an entrepreneur. A franchise has a proven business model, training, and the systems in place to give you the best chance for success. We have compiled a list of franchises with a total investment of less than $750,000 while reporting the highest financial success compared to its peers. They also must be approved for financing with a SBA loan or traditional bank loan.

 

An SBA Express Loan can get you up to $150,000 in as little as 30 days. These are the best startup business loans available. 10-year terms, NO pre-payment penalty, No pledge of personal assets as collateral, Interest Prime + 2.75% as of this writing.

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Here is a list of franchises that have strong financial history and scored the highest in our review. We scored each franchise for Bankability (SBA Approved Financing), Viable Business Model, Training, Scalability and Growth to be considered for our list. We then ranked the franchises among their peers and picked the best of the best. While every effort has been made to deliver accurate information, it is the responsibility of the buyer to conduct their own due diligence. Bizprofitpro,LLC takes no responsibility for any action you may take in regard to any information contained in our review.

 

List Top Franchises Approved by the SBA

Above Grade Level in Home Tutoring
Above Grade Level is a hot concept in an incredible growth market – education. We have the most comprehensive teaching materials of any tutoring provider! Twenty five years in the making, our teaching materials have helped tens of thousands of students achieve academic success.
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Advanta Clean
AdvantaClean Environmental is a dynamic, rapidly expanding concept that services the emerging and ever growing indoor air quality market. This is a powerful franchise opportunity that is built upon a multi-revenue stream business model, paperless operating platform, National Customer Care Center, and our franchisees’ savvy business skills.

 

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Budget Blinds was founded on the principle of providing high quality window coverings to consumers in a highly convenient way and at prices that fit almost every budget. Today, the Budget Blinds franchise system still strives to provide consumers with superior products through convenient, complimentary in-home consultations that include measuring and professional installation. Every year since 1996, Budget Blinds has been voted the #1 window coverings franchise by Entrepreneur Magazine (Entrepreneur, 2015). We are proud to announce that Budget Blinds has been named as an award winner in Franchise Business Review’s 2015 Franchisee Satisfaction Awards.

 

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CertaPro is the largest painting company in North America, with system wide sales approaching $250 million. There are over 360 locations in the US and Canada, and the Pennsylvania based company plans to have 550 locations operating by the end of 2016. The painting service industry is a large one, at over $40 billion annually, and what makes CertaPro unique in the the service category, is the fact that their owners drive revenue from both residential (B2C) and commercial (B2B) clients. Business owners scale by adding salespeople for both residential and commercial sales, and most of the owners use subcontractors to produce the work – keeping overhead low.

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The Closets by Design business model focuses on all aspects of the business. Each franchise designs, sells, manufactures and installs the complete portfolio of products including closets, offices, garages, pantries, wall-units and wall-beds. It begins with a proven and effective lead generation strategy. This coupled with a disciplined and client-oriented sales model and metric-driven manufacturing and installation efficiencies provide the tools for the franchisee to effectively manage and grow their business. Each location has a factory and showroom located in a light-manufacturing industrial park. The average annual revenue of a Closets By Design Franchise in 2013 was 2.9 million dollars.

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CMIT is a leading provider of IT services for small and mid-sized businesses (SMB) that employ 5 to 99 employees – large enough to need IT services but not big enough to warrant in-house IT departments. CMIT Solutions operates on a managed services model that offers specialized outsourced IT services at affordable, consistent monthly rates, with contracts that last one to three years. Our subscription model allows small business owners to effectively budget IT expenses and saves them money in the long run. At CMIT, we focus on business results – performance, productivity and profit for our clients and we know that technology is a tool to accomplish those goals, and we assure that our clients get the most out of their investment in technology.
Services offered to the business market include: remote monitoring and repair, Help desk support, troubleshooting, networking, data backup, data recovery, website design, internet security and firewalls, software training, updates/upgrades, system administration, database design, and one-on-one mentoring. The new franchisee can secure a protected territory or become an area developer and grow to multiple locations in a larger territory. CMIT Solutions is looking for new franchisees that are focused on marketing and growing the business as opposed to working in it. The franchisor trains the franchisee to build sales and service team. Franchisor provides help desk and monitoring service, low number of employees.

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SBA’s Express programs offer streamlined and expedited loan procedures for borrowers. SBAExpress gives small business borrowers an accelerated turnaround time for SBA review; a response to an application will be given within 24 hours. The list of franchises that we have listed are approved for an SBA Express Loan. Our franchise list includes the cheapest franchise to own while being the most profitable franchises. Investing in a franchise business is one of the safest ways to go if you’re buying a small business.

 

Click Here to Get The Complete List of Franchises with SBA Approved Loans in 30 days

Reinventing yourself by Mario Puig, MD

 

The Reinvention of Yourself

Become the person you were meant to be …

Why reinvent yourself …

How to reinvent yourself …

reinvent yourself after 50

“Most people don’t grow up. Most people age. They find parking spaces, honor their credit cards, get married, have children and call that maturity. What that is, is aging.”

— Maya Angelou

by Mario Puig, MD

How to Reinvent Yourself After 50

 

 time to reinvent after 50

I was just reading a blog and was blown away by what this lady posted ” I’m 53 and still have an 11 and 12 year old at home. Have a college education and can’t even get an interview.” This is a story repeated over and over again across America. One of my neighbors worked for a large insurance company for 18 years before being let go. After 3 years, was only able to get a temp job that led to 6 months of employment before ending. Now he can be seen most mornings walking the dog and performing yard work during what most consider working hours.

 

Younger people may be younger and hungrier than you and willing to accept lower pay but they lack the experience that decades of life experience brings. Mario Alonso Puig is a best selling author and speaker that lays out the road map to re-invent yourself into the person you want to be. Watch this video and hit your personal reset button and start living the life your deserve and getting paid what your worth.

Younger people may be younger and hungrier than you and willing to accept lower pay but they lack the experience that decades of life experience brings. Mario Alonso Puig is a best selling author and speaker that lays out the road map to re-invent yourself into the person you want to be. Watch this video and hit your personal reset button and start living the life you deserve and getting the value you are worth.

Are You Ready to Own a Business That Works for You?

Are you ready to own a business that works for you, instead of you working for it? It first starts inside of your head then it will manifest itself in the business. You stop working for your business by aligning your natural skills and passions with what you’re doing in your business.

Things you do that you’re not naturally skilled to do will not get done as well a naturally skilled person in that area. This misalignment with your natural skills reduces the profitability and effectiveness of your business. The founder of IBM said that “my duty is not building the business; it is rather, building the organization. The organization builds the business.” This holds true if you’re a sole proprietor or CEO of a fortune 500 company.

You can align your natural skills with any business. For example, if you own a janitorial company and hate cleaning; you create an organization for recruiting and hiring people to do this function. Your income will grow as the organization that you built grows larger and you focus more and more on your natural skills and passions.

Making your business work for you doesn’t happen overnight. In the book E-Myth by Michael Gerber, he says “once you recognize that the purpose of your life is not to serve your business but that the primary purpose of your business is to serve your life, you can then go to work on your business, rather than in it, with a full understanding of why it is absolutely necessary for you to do so.” Whether you are a seasoned business owner or seeking to buy your first business, don’t work in your business, work on it. Your business should work for you.

Understanding E-2 Visa Requirements

We have been receiving more interest in the E-2 Visa Program so we have decided to discuss E2 Visas in our newsletter. The E-2 Investor Visa allows people work inside of the United States based on an investment in a business. Seller’s need to understand the requirements Of E2 Visa’s as it can affect the structure and value of your deal.

The investment required for the E2 Visa includes any business that is going to be actively managed buy the E2 Visa applicant. The investment must be significant which isn’t quantified, however, it suggest an income that would support a family at a minimum. The input by the E2 Visa must be active. The spirit of the program is to increase economic activity with direct investment of capital and management. It is not a ticket to live in the U.S. by creating a shell company with little or no economic output.

The business can be a start-up, acquisition or partnership. The capital investment must “irrevocably committed” to the enterprise to be considered. You must show that you will develop and manage the business with at least 50 percent ownership or by possess operational control.

The E2-Visa Program is run by U.S. Citizenship and Immigration Services (UCIS) and can be renewed every two years. There is no limit to how many times it can be renewed as long as the investment in the business is maintained. Learn more about the E-2 classification at the USCIS’s website or contact us and we can explain how the program works.

Free Business Valuation for Small Business

We are offering free business valuations so that you know what your business is worth and what it would sell for. It doesn’t matter whether you have any plans to sell your business or not. It is valuable information to have for growing your business, partnering, financing, etc… There are countless ways a business valuation can be priceless to your business.

The business valuation would be preliminary and wouldn’t require much information on your part. We set up a phone call and gather the required information in just a few minutes. We analyze your information against similar companies that have sold and apply rules of thumb for your industry. We then determine the value of your business that you can use however you see fit.

We are offering this free service in hopes of earning your consideration in the event you ever decide to sell your business. We would like the opportunity to present your business to our buyers when the time is right for you. There is no obligation and it will just take a few minutes of your time.

Why Buying a Lousy Business Can Be a Profitable Thing to Do?

It seems like so many businesses being offered for sale these days really lousy. Often times they have little or no stated income and the owner wants an astronomical price for the business. To make matters worse, there are often systemic problems with the business like low sales; poor profitability and lack of systems just to name a few… Why should anyone ever consider buying a lousy business like this?
It’s widely accepted that the safest and easiest way to get in to business is to buy a successful business. But what good is this advice if there aren’t many successful businesses that your able to buy. You may never find a successful business that you are able to acquire. These businesses don’t stay around long when they are available and they tend to be pricey. They also may be far outside of your budget.

Many more people should consider buying lousy businesses. These types of businesses being offered for sale should be considered asset sales. The acquisition cost should be a discount on FF&E (furniture, fixtures and equipment), inventory, etc… The reality is that 80% of these businesses will never sell and simply close the doors. These are true bargains if you can buy the assets and build a successful business around them.

Buying a “lousy business” can be very profitable if “it has the right things wrong”. The right things wrong are the things that you can fix with your resources and skills. The most common problem with businesses is the lack of marketing and or sales. The majority of businesses do an adequate job of delivering goods and services at an acceptable level, but fail to have systems to consistently grow the business. When sales are poor, there is little or no money to address anything but day to day survival and eventual liquidation in some form.

Buyers should aggressively look for businesses with the “right things wrong”. If you are a strong operations person, you can buy a business with strong marketing and sales and plug in your operational skills. A company with good products or services with lousy marketing and sales needs an executive that can sell. Using this approach, you can get extreme bargains!

On average, businesses sell for 70% of the asking price. The lousy the businesses go for deeper discounts. Don’t count on your low offer be greeted with joy by the seller. You should expect your offer to be initially rejected, but every week that goes by without a sale will make your offer look better and better. This is the market telling the seller that your offer is not that bad after all. Don’t be afraid to make several “aggressive” offers to different businesses and exercise patience. Walk away from anything that isn’t a great deal. There are so many lousy businesses, that you will eventually get the business with the right things wrong. Plug in your skill sets and resources and you will have a very nice business.

5 Things to Do Before Lunch That Will Grow Your Business…

Staying on top of your business and its growth doesn’t have to be such a grind. It may feel satisfying to work more hours than anyone else, it really may not be necessary. Here are five things you can do to grow your business without burning any midnight oil. In fact you may be done by lunch.

1. Stay in touch with your clients – The best way to systematically contact your clients is using some kind of contact management system. Salesforce.com is the leader in contact management software, but there are many great alternatives if you don’t want to go with salesforce.com Infusionsoft.com, SAP.com, NetSuite.com, Zoho.com are alternatives. A CRM system systematically places prospects or leads into your sale funnel and you scheduled events like phone calls, meetings, visits and proposals so you can organize a great many clients at different stages of your sales funnel.

2. Maintain social media presence- Whether you like it or not, social media is a part of every business and you need to be a part of it. Some businesses like retail may be able to sell using social media, but many won’t be able to sell due to complexity of the product or service or the audience may not be decision makers, etc… However, the benefits may come in the form of brand awareness, authority, or trust factor to name a few. Social media is an investment that may take several months or years to directly benefit, but the alternative is to be at a distinct disadvantage to those businesses that made the investment. There are a countless number of social media tools but Hootsuite.com, SocialOomph.com, SocialMention.com are popular tools that many businesses use to manage social media. These tools allow for automation and research to make social media quick and easy.

3. Schedule networking- Social media has its place, but there will never be a substitute for face to face interaction. Schedule yourself for at least 2 local networking events per month or more depending on your industry and your results. These websites make it easy to pick events that will get your business the biggest boost. Meetup.com, Eventbrite.com, Facebook.com, Netparty.com, Twtvite.com, and eventful.com to name a few. Remember “your network equals your net worth”.

4. Find new leads – For any business to thrive it is imperative that you are constantly getting new customers to continue to grow your business. Every business should have a systematic way of getting new leads so that your sales funnels will continue to develop new customers. Finding leads will require different activities depending on the industry that you are in. Retail may rely heavily on advertising while a manufacturer may rely on trades shows. BJ’s Wholesale Club gives free in store samples to push certain products and I have more than once taken the bait and put something in the cart that was a direct result of the free sample. Find what works for your business in systematize it and do it regularly.

5. Stay up to date with technology – Technology is changing at hyper speed. Understanding and applying technology in your business will allow you to spend less time doing critical tasks that are required for a healthy business. Technology like gotomeeting.com or join.me allow remote collaboration with colleagues, customers, and prospects, etc… Google Drive, Dropbox, Evernote.com allow you to organize information and share with whoever you like as needed. These are just a few technology offerings that can make your day much shorter while making more profit. The biggest change to growing your business in less time is changing your mindset… Approach your day as you only have 4-6 hours to get everything done. Work has a way of filling up every available moment with mental and physical exhaustion marking the end of the day. This is unproductive and no fun compared to accomplishing planned objectives that are strategic to profits and the lifestyle you want to live. Start this change today by going to your calendar and scheduling less hours until your down to 6 hours or less.