Note, Promissory – A written promise to repay a loan. Usually a key part of a business sale. Normally written from the buyer to the seller for a period of 5-10 years. (From bizben.com)
- Selling a Business – Words to Know: Covenant Not To Compete January 31, 2012
- Obstacles to Selling a Business January 24, 2012
- Selling a Business – Words to Know: Letter of Intent January 3, 2012
- Advice on Retiring Abroad December 27, 2011
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Covenant Not To Compete - An agreement given by the seller of a business to the business buyer to not compete in ...Read More...January 31, 2012
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Richard Trottier is author and President of Sundial Partners, a private investment banking fir ...Read More...January 24, 2012
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Letter of Intent - A preliminary offer to purchase a business, usually non binding, which if accepted by the sel ...Read More...January 3, 2012
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Winton Churchill is a top international living expert. In this excerpt of the "Selling Your Bu ...Read More...December 27, 2011
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The prospect of rapid growth in the Chinese economy could create huge opportunities for your business, says Anit ...Read More...December 22, 2011
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Contingent Payments - Future financial obligations that are dependent on contractual events taking place. (Fro ...Read More...December 6, 2011
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High altitude climbing provides many lessons that apply to business, says former business owner Werner Berger, t ...Read More...November 29, 2011
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Andrew Cagnetta is the Chairman of the International Business Brokers Association. In this exc ...Read More...November 29, 2011
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From our Exit Strategy Planning Checklist: Have you identified any potential buyers (internal or external)?November 22, 2011
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Mark Twain: “Twenty years from now you will be more disappointed by the things that you didn’t do than by ...Read More...November 15, 2011
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Liquidation Value - The market value of a business's tangible assets minus its liabilities under a forced sale. ...Read More...November 8, 2011
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Jeff Hoffman a successful serial entrepreneur and former CEO of Priceline.com. In this excerpt ...Read More...November 1, 2011
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SIC Code - Abbreviation for Standard Industry Code, a numerical categorization of industries. Most business dire ...Read More...October 11, 2011
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From our Exit Strategy Planning Checklist: Do you know how to raise the value of the firm before you sell it? ...Read More...September 27, 2011
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“Satisfaction lies in the effort, not in the attainment. Full effort is full victory.” -- Mahatma GandhiSeptember 20, 2011
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Tombstones - The details of a business sale transaction brokered by investment bankers and other intermediaries. ...Read More...September 13, 2011
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Marian Cook is author, President of Business Transition Experts, and the host of the "Selling ...Read More...September 6, 2011
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From our Exit Strategy Planning Checklist: Do you have a current business plan? Do you know the trends in ...Read More...August 30, 2011
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Great talent finds happiness in execution. -- GoetheAugust 23, 2011
Selling a Business – Words to Know: Promissory Note
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