Hey!

Hey everyone!
I'm Shannon and I work in business development and marketing for an e-commerce startup called Wantboards. Basically, we connect consumers ("buyers") and local businesses ("sellers") together in a demand-based marketplace to complete transactions. Our goal is to help consumers get better deals and provide businesses with an ongoing outlet for finding new customers :). Anyway, I joined this forum so I can learn how to do my job better and get advice from those who know best. Can't wait to check out all the threads and get started.

How to Structure Takeover of Small Private Company

Hi, folks. New user here looking for a little advice. My father and I are meeting with a guy tomorrow who is interested in exiting his small business. It's a family-owned construction company that's been around for 20 years or so. The seller is a "serial entrepreneur" and wants to step away from this business to concentrate on several other small companies he runs.

I've read up on how to valuate a small business (0-3x discretionary earnings) and think I have a handle on that. What I don't have a clue about is how to structure the actual deal if we all decide to move forward. Based on prior discussions with the seller (we have history), we think he'd be open to some kind of royalty payment for some length of time, as opposed to a lump-sum payment up front.

If we went that route, would it be a percentage of sales? A percentage of something else? What kind of percentage? For how long - fixed term? Until an agreed amount is paid? Is there some other arrangement that would serve better (that doesn't involve an up-front payment; my dad is retiring, and I'm recently laid off)?

Thanks in advance for your input.

How to find distributors for new product ?

I have started small white phenyl making industry. But, now, I am getting hard to find distributors for my new product. I have no idea how to find distributors.

Cash Register and Credit Card Reader

Hello,

I am opening my first business next month at a mall, operating a mall cart. I am very excited about this new adventure! I am curious however, about how the cash register's credit card reader will work. I have no experience in this, and I am wondering if I need my cash register to be connected to the internet in order for the credit/debit card reader to work? I was watching some videos online and it looks like a lot of the registers come with WAN inputs, so does that mean internet would be required? Is it better to go with a cash register with a credit card reader, or use something like "Square" on my android phone? I haven't bought a register yet, so if anyone could recommend something, it may be useful. The mall that I'm going to do business at doesn't seem too up to date, and they take forever in answering my questions. But I got a fairly good price on a month to month basis, so I'm happy with it. I am just really anxious about the cash register being able to accept credit and debit cards, and if I would need internet to accept credit cards. If anyone could answer my question, it would be great.

Thanks!

Logo Design

I know there are a bunch of posts on here about logo design so I started to looking into some of the option. What I don't understand is the formats in which logos come in. What should I be looking for if I want a simple logo for business cards, letterhead, presentations etc.?


Thank you

Juice Company

what's catchier?

Sincerely, Raw - A Juice Company

-OR-

Rawsome Juice Co.

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Anyone have used webinars to great effect?

Sorry if this has already been a thread. I need an answer to this because i keep getting flip flop answers. Some say they do very well with webinars and others say webinars are not good for making sales, just sharing content. Can you tell me what your experience has been and what things you have used to get people on your webinars?