Call Us! 505.820.0163

 

Uncategorized

Home > Uncategorized (Page 5)

Multiples are tricky things to figure out when you’re valuing a business for sale. Lots of opinions are floating around, most stemming from imperfect information. Uncle Bob’s golf buddy sold his widget store for a million bucks based on a multiple of five! Such “buddy wisdom” can lead you astray. Unrealistic expectations can result in a price point that the market simply won’t support. Your business languishes with little to no buyer activity. First Things First So,...

04 December, 2019

"Even if you build a business with zero intention of selling it for a big payday, and even if you never do actually sell, you should still build your business as if you are going to sell it someday. Building a business with this mindset will make the entire operation run more efficiently—you’ll be able to see how your business is trending overall, maintain a cleaner financial picture, and implement better standard operating procedures," writes Gregory Elfrink...

22 November, 2019

A recent article at First Round discusses the importance of a good story. Narrative is one of the most relatable ways to communicate your identity and value—as a business, as a leader, as a person—to customers, employees, or investors. That communication establishes connection and builds genuine trust and excitement. The article goes into lots of juicy detail. Here is quick summary, with some reflections, of key takeaways and actionable tips. Pass the “Bar Test” Would someone get your...

04 November, 2019

Some clichés endure for good reasons. Cat posters exhorting us to "hang" in there adorably/annoyingly acknowledge a universal truth: you're going to mess up. Own it. Learn from it. Use it to grow and teach others. A recent First Round article highlights the importance of stories. What is a compelling example of a time you failed, persevered, and prevailed? As a leader, how can you share that experience with your team in a way that encourages courage? Communicating...

31 October, 2019

New Mexico is moving up in the ranks of states for millennials to live, according to WalletHub—all the way from last place to second to last place! The penultimate spot does not tell the whole story, though. Albuquerque is a pretty great place for millennials, in fact. The low cost of living, proximity to gorgeous outdoor scenery and recreation, and rich culture contribute to a high quality of life. The burgeoning film and tech industries are...

18 October, 2019

Millennial Retirement Plans (Hashtag!) Last week, the trending hashtag #MillennialRetirementPlans shone a darkly funny light on the despair many millennials feel regarding their financial futures. This generation (born from around 1981 to 1996 depending on the definition) has faced its share of economic challenges. The 2008 crash hit many millennials with the triple whammy of skyrocketed healthcare, student loan debt, and a dearth of paying jobs and wage stagnation. Their average net worth is less than...

30 September, 2019

In more #AlbuquerqueAscending news, economic development and media company Livability lists 11 reasons why ABQ is the perfect place to do business. "The Southwestern city is witnessing an entrepreneurial renaissance with the help of startup-friendly culture, excellent universities and a great cultural scene for that ever elusive work-life balance. Albuquerque’s tech scene is so vibrant that even Facebook is setting up an outpost in the area, and the city has seen a nearly 10% increase in...

23 August, 2019

Tumbleweeds, an early and mid-childhood development magazine loved by parents and educators, is now on the market. Long-time owner Claudette Sutton is ready to move onto her next projects after decades of growing the publication into a staple resource for northern New Mexico families. Listed at $95,000 with a cash flow of $50,000, this home-based business allows for a flexible, part time schedule and engagement with a passionate, grateful community. The publication enjoys an established advertising...

19 August, 2019
The New Mexican By Bruce Krasnow July 12, 2017 [caption id="attachment_567515" align="alignleft" width="351"] Jennifer Day and executive chef of New Mexico Fine Dining. Photo credits Luis Sánchez Saturno.[/caption] A Santa Fe couple who own vacation rentals, car dealerships and furniture stores has purchased four local restaurants with the promise of reopening two that are now closed and tripling their Santa Fe workforce by next year. Jim and Jennifer Day are now the owners of Georgia and Bouche, as well as the closed Bobcat Bite and a restaurant space at 227 Galisteo St. that was home to Galisteo Bistro but will reopen under the Italian name “A Mano.” The couple recently lived in San Antonio, Texas, but has owned a home in Santa Fe for 16 years and lived here full time for nine years. Jennifer Day is an interior designer and fiber artist. Jim Day is a competitive bicycle rider who graduated with a Master of Business Administration from the University of Texas. Together they own several car dealerships in Texas as well as 50 Aaron’s furniture franchises in 10 states. They also own the Escondido Ranch in Central New Mexico, which will be the primary source of grass-fed beef sold at their Santa Fe restaurants.
17 July, 2017

From everyone  at Sam Goldenberg & Associates, we wish you happy holidays, a safe and prosperous new year, and success in all your endeavors! In these closing days of 2015, we invite you to take an interactive look at the business we’ve sold this year. Click any image on the holiday greeting above to learn more about the new owners and their recently acquired business.  ...

22 December, 2015
Photo Credit The Santa Fe New Mexican
Photo Credit The Santa Fe New Mexican

Low End Market Drives Rise in Santa Fe County Home Sales

By Bruce Krasnow The New Mexican | Posted: Wednesday, July 2, 2014 Coleen Dearing describes the first half of 2014 as the “Come to Jesus Market” for Santa Fe home sellers. Buyers who have long delayed putting their homes up for sale have realized that prices are not going to spring back to 2006-07 levels anytime soon, said Dearing, an associate with Coldwell Banker Trails West Realty and president of the Santa Fe Association of Realtors.
07 July, 2014
ccsf-prWe are happy to share our business client's press release and offer our hearty congratulations on ten very successful years in Santa Fe. CONTACT:  Lorraine Krenc OFFICE:  505.216.1108 EMAIL:  Lorraine@CapitolComputerSantaFe.com

A DECADE OF DIGITAL Santa Fe’s Capitol Computer Celebrates 10 Years in Business

A decade ago native Santa Fean Eric Montgomery started Capitol Computer, then under the name 180Networks. The owner recalls, "I'd end up with several computers collected throughout the day all lined up on my kitchen counter. I'd work on them overnight and deliver them in the morning." Much has changed since the kitchen counter IT days. Today Capitol Computer has a base of over 300 residential and small business clients in Santa Fe and the surrounding communities. Network setup, maintenance and remote monitoring have become the mainstays in addition to its original offering of PC and Apple repairs.
01 July, 2014

Dennis J. Carroll for The Santa Fe New Mexican November 19, 2013 It's the qualities of the city cited by McBride — that its special lure often turns visitors into residents — that makes Santa Fe unique in its ability to attract new businesses and new owners for old businesses. "Some people want to buy a business to get to Santa Fe," Greene said. "But it needs to be a perfect storm involving finances, family matters and...

24 April, 2014