Since the release of the Chevrolet Volt, Fox News has been running a campaign of negativity against the vehicle. But since the network began attacking the vehicle, a surge of individuals- including conservatives who support the news network- have come forward to reveal that many of Fox News’s allegations against the Chevy Volt were completely […]
Transportation
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 […]
Successful Transportation Business Sales
Deciding to sell your transportation business is a momentous occasion, but arranging for the sale can be a grueling and intimidating process. After all, your expertise is in running your transportation business, not in selling it. The good news is, that The Tenney Group specializes in selling transportation businesses just like yours, and we can […]
Tips for Truck Driving
Driving a freight truck safely is a responsibility as big as the vehicle itself. Because other drivers often do not understand the limitations and safety challenges trucks must face, they may increase the level of stress you face as a trucker. However, learning to drive defensively and safely is a great way to make your […]
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 […]
Tips for Ambulance Business Buyers
If you’re considering purchasing an ambulance business, you need to put a lot of thought into your new purchase. Realize that you are not just purchasing a business, but also a whole lifestyle. Before you start negotiations, be sure that the ambulance business lifestyle, which is often demanding and stressful, although very rewarding, will be […]
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 […]
To Buy or To Lease, That Is the Question
With the difficulty of attaining a loan, many transportation business owners start out by leasing their fleet instead of buying it. Is this a good move? The Tenney Group would like to provide you with some facts to consider as you think through the many benefits and problems associated with both leasing and owning your […]
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 […]
Should You Purchase a Limo Company?
Owning your own limousine company can be a very rewarding business endeavor. But who should purchase a limousine company? You may consider purchasing a limousine company if you wish to be your own boss. You may be tired of having someone else call the shots, and if so, owning your own company is a great […]
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 […]
Top 3 Reasons Transportation Business Owners Sell
Across industries, business owners often face the same categories of struggles and reasons for passing the torch to a new owner. Entrepreneurs come in many shapes and sizes and come into business ownership on different paths and with various goals and aims in view. If you’re a transportation business owner yourself, understanding the reasons most […]
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 […]