While some owners may experience a great deal of anxiety and fear while selling their transportation business, others may find it’s a rewarding opportunity. The before, actual process, and aftermath of the sale should be a time of peace, rather than worry and stress. In order to reach this peace while selling a transportation business, […]
Business Tips
Starting a Business Online
If I was to start a website based business based around shopping, what would I sell? There are sites that have auctions. Other sites have have a variety of goods like Walmart or Target. I think though, that I’d want to focus on one sort of item, something fun and something that would be enjoyable […]
Would You Be Willing To Sell Your Transportation Business to an Employee?
Some transportation businesses get handed down from parent to child for generations, while others sell to outside parties. A third option is often overlooked: selling to a key employee. Even though this option might not be your first inclination, it makes good sense. A long-time employee has the kind of vested interest and organic experience […]
Good News for Small Transportation Companies
The bad news is obvious: Fewer contracts and higher operating costs make it difficult for small transportation companies to compete with major players. The economics of scale make coping with market fluctuations, rising prices, and CSA compliance easier for larger companies than for owner-operators. The seemingly unfair advantage of larger companies may or may not […]
Is Your Business Stuck in a Rut?
As a business owner, it’s completely normal to experience fluctuating levels of passion, energy, and success throughout your career. These changes to the way you feel about your company are often the result of factors outside of your control. In some cases, these factors can be managed. In other cases, though, these distractions could be […]
How Can Owner Dependence Hurt Your Transportation Business?
You’re an entrepreneur, and you take pride in your business. Even though your business may be your greatest asset, micromanaging every aspect of it can make it too dependent on you. If that’s the case, the danger is that it can’t survive without you. From lenders to prospective buyers, many professionals may potentially see the […]
Don’t Let Your Business Exit Strategy Fail
Planning an effective exit strategy Planning an exit strategy from your business is nearly as important as planning the business’s startup. Your exit strategy can help to seal the fate of your entire business, and it can help to determine whether or not you achieve your ultimate goals as a business owner, whether those goals […]
Fact vs. Fiction in Transportation Business Sales
If you’re an entrepreneur setting out to buy your first transportation business, you’ll need some help finding a good deal and moving through the business-buying process. If you already have the guts to break in to the exciting world of business ownership, a reputable transportation business broker can help. Securing Financing Will Be Easy: Fiction […]
4 Steps to Avoiding Burnout as an Ambulance Business Owner
We all have those days and weeks when we feel like throwing in the towel. However, when that path of frustration becomes a well-worn rut, then burnout is imminent. As an ambulance business owner, burnout comes with many risks, for your health as well as the health and success of your business. Step 1: Avoid […]
The Necessity Of A Letter Of Intent
Mutual expression of a business sale often comes with a Letter of Intent. This document tests the waters before negotiations become serious. The buyer’s intent will be laid out along with other important information such as confidentiality. The Letter of Intent, excluding the confidentiality agreement, is not a binding legal document unless both parties have […]
3 Keys to Being a Top-Notch Seller
If you have a trucking or limo service up for sale, you’re probably interested in finding the ideal buyer for your business. As a transportation business broker service, The Tenney Group, specializes in connecting sellers like you with suitable buyers. While you have probably conjured images of your ideal investor, have you considered the responsibilities […]
Time Management Seminars
Often times, do you find yourself scrambling around in order to get things done? In your head, you have about fifty things you need to do, yet dissemble the notion of making a list. Sleep has become irrelevant with your job and daily tasks, but you are too busy to notice, nor can you plausibly […]
Three Things to Keep in Mind When in the Market for a Transportation Company
For transportation business owners, strategically acquiring competitors can be an attractive way to develop a company. On the other hand, strategic acquisitions can be intimidating, especially for owners inexperienced in purchasing a company or when a bad experience in the past has predisposed an owner against acquisitions. Many opportunities for growing a business are missed […]